Leeward Investments LLC MA Has $9.20 Million Stock Holdings in Topgolf Callaway Brands Corp. (NYSE:MODG)

Leeward Investments LLC MA decreased its stake in Topgolf Callaway Brands Corp. (NYSE:MODG) by 4.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 641,871 shares of the company’s stock after selling 26,460 shares during the period. Leeward Investments LLC MA’s holdings in Topgolf Callaway Brands were worth $9,204,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. increased its stake in shares of Topgolf Callaway Brands by 2.7% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 38,792 shares of the company’s stock valued at $537,000 after buying an additional 1,010 shares during the period. New York State Common Retirement Fund grew its stake in Topgolf Callaway Brands by 0.9% during the fourth quarter. New York State Common Retirement Fund now owns 166,700 shares of the company’s stock worth $2,390,000 after purchasing an additional 1,406 shares during the period. Wolff Wiese Magana LLC grew its stake in Topgolf Callaway Brands by 87.8% during the third quarter. Wolff Wiese Magana LLC now owns 3,317 shares of the company’s stock worth $46,000 after purchasing an additional 1,551 shares during the period. Covestor Ltd grew its stake in Topgolf Callaway Brands by 10.1% during the third quarter. Covestor Ltd now owns 17,677 shares of the company’s stock worth $245,000 after purchasing an additional 1,622 shares during the period. Finally, Raymond James & Associates grew its stake in Topgolf Callaway Brands by 2.3% during the fourth quarter. Raymond James & Associates now owns 99,827 shares of the company’s stock worth $1,432,000 after purchasing an additional 2,258 shares during the period. Institutional investors and hedge funds own 84.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on MODG shares. Tigress Financial reaffirmed a “buy” rating and set a $38.00 target price on shares of Topgolf Callaway Brands in a research note on Friday, April 12th. Raymond James raised their target price on Topgolf Callaway Brands from $14.00 to $16.00 and gave the stock an “outperform” rating in a research note on Thursday, January 4th. Finally, KeyCorp decreased their target price on Topgolf Callaway Brands from $20.00 to $18.00 and set an “overweight” rating for the company in a research note on Wednesday, February 14th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $20.64.

Topgolf Callaway Brands Stock Up 0.8 %

Shares of MODG stock traded up $0.13 during trading hours on Friday, reaching $15.85. The company had a trading volume of 950,581 shares, compared to its average volume of 2,511,028. Topgolf Callaway Brands Corp. has a 12 month low of $9.84 and a 12 month high of $22.79. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.72 and a quick ratio of 0.88. The business has a fifty day simple moving average of $15.18 and a 200-day simple moving average of $13.90. The company has a market cap of $2.91 billion, a price-to-earnings ratio of 34.46, a price-to-earnings-growth ratio of 1.72 and a beta of 1.87.

Topgolf Callaway Brands (NYSE:MODG) last posted its earnings results on Tuesday, February 13th. The company reported ($0.30) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.04. Topgolf Callaway Brands had a return on equity of 2.39% and a net margin of 2.22%. The company had revenue of $897.10 million for the quarter, compared to analyst estimates of $867.25 million. During the same quarter last year, the company earned ($0.27) earnings per share. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, research analysts expect that Topgolf Callaway Brands Corp. will post 0.29 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Erik J. Anderson sold 2,028 shares of Topgolf Callaway Brands stock in a transaction on Friday, February 16th. The stock was sold at an average price of $14.79, for a total transaction of $29,994.12. Following the sale, the director now directly owns 2,242 shares in the company, valued at $33,159.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Erik J. Anderson sold 5,000 shares of Topgolf Callaway Brands stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $14.55, for a total transaction of $72,750.00. Following the sale, the director now directly owns 777,959 shares in the company, valued at $11,319,303.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Erik J. Anderson sold 2,028 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $14.79, for a total value of $29,994.12. Following the completion of the sale, the director now directly owns 2,242 shares of the company’s stock, valued at $33,159.18. The disclosure for this sale can be found here. Corporate insiders own 11.97% of the company’s stock.

Topgolf Callaway Brands Profile

Topgolf Callaway Brands Corp. designs, manufactures, and sells golf equipment, golf and lifestyle apparel, and other accessories in the United States, Europe, Asia, and Internationally. The Topgolf segment operates Topgolf venues equipped with technology-enabled hitting bays, bars, dining areas, and event spaces, as well as Toptracer ball-flight tracking technology; and World Golf Tour digital golf game.