Heartland Advisors Inc. grew its holdings in Brunswick Corporation (NYSE:BC) by 44.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,008 shares of the company’s stock after buying an additional 2,171 shares during the period. Heartland Advisors Inc.’s holdings in Brunswick Corporation were worth $392,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Boston Partners lifted its position in shares of Brunswick Corporation by 3.8% in the second quarter. Boston Partners now owns 9,306,042 shares of the company’s stock valued at $583,768,000 after buying an additional 338,212 shares during the last quarter. BlackRock Inc. increased its stake in Brunswick Corporation by 0.9% during the 2nd quarter. BlackRock Inc. now owns 7,553,692 shares of the company’s stock worth $473,842,000 after acquiring an additional 65,605 shares during the period. Vanguard Group Inc. increased its stake in Brunswick Corporation by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 7,234,542 shares of the company’s stock worth $453,822,000 after acquiring an additional 76,262 shares during the period. TimesSquare Capital Management LLC increased its stake in Brunswick Corporation by 17.1% during the 2nd quarter. TimesSquare Capital Management LLC now owns 1,950,700 shares of the company’s stock worth $122,367,000 after acquiring an additional 284,300 shares during the period. Finally, AJO LP increased its stake in Brunswick Corporation by 1,548.4% during the 2nd quarter. AJO LP now owns 1,538,793 shares of the company’s stock worth $96,528,000 after acquiring an additional 1,445,444 shares during the period. 93.65% of the stock is owned by institutional investors.
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Several research analysts have commented on BC shares. Jefferies Group LLC reaffirmed a “hold” rating and set a $56.00 target price on shares of Brunswick Corporation in a report on Friday, July 14th. Stifel Nicolaus boosted their target price on Brunswick Corporation from $66.00 to $68.00 and gave the company a “buy” rating in a research report on Friday, July 14th. BMO Capital Markets reaffirmed a “buy” rating and issued a $72.00 target price on shares of Brunswick Corporation in a research report on Thursday, July 13th. BidaskClub raised Brunswick Corporation from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 6th. Finally, Northcoast Research lowered Brunswick Corporation from a “buy” rating to a “neutral” rating in a research report on Monday, July 10th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $63.29.
Shares of Brunswick Corporation (NYSE BC) opened at 50.65 on Wednesday. Brunswick Corporation has a 12 month low of $42.02 and a 12 month high of $63.82. The company’s 50 day moving average is $55.58 and its 200 day moving average is $57.02. The company has a market cap of $4.49 billion, a P/E ratio of 16.07 and a beta of 1.85.
Brunswick Corporation (NYSE:BC) last issued its quarterly earnings results on Thursday, October 26th. The company reported $0.91 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.00 by ($0.09). Brunswick Corporation had a net margin of 5.93% and a return on equity of 22.71%. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the company posted $0.91 EPS. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, equities research analysts predict that Brunswick Corporation will post $3.88 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Tuesday, November 21st will be paid a $0.19 dividend. The ex-dividend date is Monday, November 20th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.50%. This is a positive change from Brunswick Corporation’s previous quarterly dividend of $0.17. Brunswick Corporation’s dividend payout ratio is presently 21.29%.
Brunswick Corporation Company 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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