SG Americas Securities LLC decreased its holdings in shares of Brunswick Co. (NYSE:BC) by 92.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,708 shares of the company’s stock after selling 33,985 shares during the quarter. SG Americas Securities LLC’s holdings in Brunswick were worth $152,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also modified their holdings of the company. Eagle Asset Management Inc. grew its holdings in shares of Brunswick by 27.0% during the second quarter. Eagle Asset Management Inc. now owns 628,565 shares of the company’s stock valued at $39,429,000 after buying an additional 133,452 shares in the last quarter. TimesSquare Capital Management LLC grew its stake in Brunswick by 17.1% in the second 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 in the last quarter. Advisor Group Inc. grew its stake in Brunswick by 108.6% in the third quarter. Advisor Group Inc. now owns 6,896 shares of the company’s stock valued at $386,000 after purchasing an additional 3,590 shares in the last quarter. Kempen Capital Management N.V. grew its stake in Brunswick by 60.8% in the second quarter. Kempen Capital Management N.V. now owns 46,077 shares of the company’s stock valued at $2,890,000 after purchasing an additional 17,423 shares in the last quarter. Finally, Prudential Financial Inc. grew its stake in Brunswick by 106.9% in the third quarter. Prudential Financial Inc. now owns 589,175 shares of the company’s stock valued at $32,976,000 after purchasing an additional 304,470 shares in the last quarter. Institutional investors and hedge funds own 92.18% of the company’s stock.
In other Brunswick news, insider John C. Pfeifer sold 3,780 shares of the business’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $54.96, for a total value of $207,748.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is owned by insiders.
Brunswick (NYSE:BC) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.09). Brunswick had a return on equity of 22.71% and a net margin of 5.93%. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the firm earned $0.91 EPS. Brunswick’s quarterly revenue was up 4.4% on a year-over-year basis. sell-side analysts expect that Brunswick Co. will post 3.85 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Tuesday, November 21st were given a $0.19 dividend. The ex-dividend date of this dividend was Monday, November 20th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.37%. This is a boost from Brunswick’s previous quarterly dividend of $0.17. Brunswick’s payout ratio is currently 24.44%.
A number of brokerages have commented on BC. Zacks Investment Research upgraded Brunswick from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. ValuEngine upgraded Brunswick from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Robert W. Baird restated a “buy” rating and issued a $65.00 target price on shares of Brunswick in a research note on Friday, December 22nd. Royal Bank of Canada restated a “buy” rating and issued a $66.00 target price on shares of Brunswick in a research note on Wednesday, December 20th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $68.00 target price on shares of Brunswick in a research note on Thursday, September 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company. Brunswick has a consensus rating of “Buy” and a consensus price target of $63.23.
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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