Vaughan Nelson Investment Management L.P. Has $34.30 Million Stake in Brunswick Corporation (BC)

Vaughan Nelson Investment Management L.P. trimmed its stake in Brunswick Corporation (NYSE:BC) by 10.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 612,740 shares of the company’s stock after selling 71,710 shares during the period. Vaughan Nelson Investment Management L.P. owned approximately 0.69% of Brunswick Corporation worth $34,295,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of BC. AJO LP lifted its stake in shares of Brunswick Corporation by 1,548.4% in the 2nd quarter. AJO LP now owns 1,538,793 shares of the company’s stock valued at $96,528,000 after purchasing an additional 1,445,444 shares during the last quarter. Boston Partners lifted its stake in shares of Brunswick Corporation by 3.8% in the 2nd quarter. Boston Partners now owns 9,306,042 shares of the company’s stock valued at $583,768,000 after purchasing an additional 338,212 shares during the last quarter. TimesSquare Capital Management LLC lifted its stake in shares of Brunswick Corporation by 17.1% in the 2nd quarter. TimesSquare Capital Management LLC now owns 1,950,700 shares of the company’s stock valued at $122,367,000 after purchasing an additional 284,300 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Brunswick Corporation by 14.3% in the 2nd quarter. Victory Capital Management Inc. now owns 1,435,250 shares of the company’s stock valued at $90,033,000 after purchasing an additional 179,891 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its stake in shares of Brunswick Corporation by 62.2% in the 2nd quarter. New York State Common Retirement Fund now owns 358,123 shares of the company’s stock valued at $22,465,000 after purchasing an additional 137,371 shares during the last quarter. 93.82% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently issued reports on BC shares. BidaskClub raised Brunswick Corporation from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 6th. Northcoast Research lowered Brunswick Corporation from a “buy” rating to a “neutral” rating in a research note on Monday, July 10th. They noted that the move was a valuation call. Zacks Investment Research lowered Brunswick Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Brunswick Corporation in a research note on Wednesday, July 12th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $72.00 price objective on shares of Brunswick Corporation in a research note on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $64.36.

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Shares of Brunswick Corporation (NYSE:BC) opened at 50.00 on Friday. The stock has a 50 day moving average price of $55.71 and a 200 day moving average price of $57.11. The stock has a market capitalization of $4.44 billion, a P/E ratio of 15.86 and a beta of 1.85. Brunswick Corporation has a one year low of $42.02 and a one year high of $63.82.

Brunswick Corporation (NYSE:BC) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.09). Brunswick Corporation had a net margin of 5.93% and a return on equity of 22.71%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the company posted $0.91 earnings per share. The company’s revenue was up 4.4% on a year-over-year basis. Equities analysts forecast that Brunswick Corporation will post $3.98 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, November 21st will be issued a $0.19 dividend. The ex-dividend date of this dividend is Monday, November 20th. This is a boost from Brunswick Corporation’s previous quarterly dividend of $0.17. This represents a $0.76 dividend on an annualized basis and a yield of 1.52%. Brunswick Corporation’s dividend payout ratio is currently 21.29%.

Brunswick Corporation Profile

Brunswick Corporation is a designer, manufacturer and marketer of recreation products. The Company operates through three segments: Marine Engine, Boat and Fitness. The Company’s product includes marine engines, boats, fitness equipment and active recreation products. The Company’s engine-related products include outboard, sterndrive and inboard engines; trolling motors; propellers; engine control systems; and marine parts and accessories.

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Institutional Ownership by Quarter for Brunswick Corporation (NYSE:BC)

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