Boston Partners boosted its position in shares of Brunswick Corporation (NYSE:BC) by 3.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,306,042 shares of the company’s stock after buying an additional 338,212 shares during the period. Boston Partners owned about 0.10% of Brunswick Corporation worth $583,768,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Teachers Advisors LLC raised its stake in shares of Brunswick Corporation by 25.4% in the fourth quarter. Teachers Advisors LLC now owns 104,179 shares of the company’s stock worth $5,682,000 after buying an additional 21,126 shares during the period. Bank of Montreal Can raised its stake in shares of Brunswick Corporation by 13.7% in the first quarter. Bank of Montreal Can now owns 58,948 shares of the company’s stock worth $3,607,000 after buying an additional 7,096 shares during the period. Capstone Asset Management Co. raised its stake in shares of Brunswick Corporation by 3.8% in the first quarter. Capstone Asset Management Co. now owns 7,452 shares of the company’s stock worth $456,000 after buying an additional 270 shares during the period. Cornerstone Financial Partners LLC raised its stake in shares of Brunswick Corporation by 1.8% in the first quarter. Cornerstone Financial Partners LLC now owns 10,586 shares of the company’s stock worth $647,000 after buying an additional 189 shares during the period. Finally, Louisiana State Employees Retirement System raised its stake in shares of Brunswick Corporation by 1.8% in the first quarter. Louisiana State Employees Retirement System now owns 22,600 shares of the company’s stock worth $1,383,000 after buying an additional 400 shares during the period. Institutional investors own 99.59% of the company’s stock.

Shares of Brunswick Corporation (BC) opened at 55.20 on Thursday. Brunswick Corporation has a 52-week low of $42.02 and a 52-week high of $63.82. The company has a 50 day moving average price of $60.33 and a 200-day moving average price of $59.15. The firm has a market cap of $4.96 billion, a P/E ratio of 17.51 and a beta of 1.81.

Brunswick Corporation (NYSE:BC) last announced its quarterly earnings results on Thursday, July 27th. The company reported $1.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.02. Brunswick Corporation had a net margin of 6.13% and a return on equity of 23.35%. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter last year, the firm earned $1.17 EPS. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. On average, analysts expect that Brunswick Corporation will post $4.04 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Tuesday, August 22nd will be given a $0.165 dividend. The ex-dividend date is Friday, August 18th. This represents a $0.66 annualized dividend and a yield of 1.20%. Brunswick Corporation’s payout ratio is 20.95%.

COPYRIGHT VIOLATION WARNING: This article was posted by Daily Political and is the property of of Daily Political. If you are reading this article on another publication, it was copied illegally and republished in violation of United States & international trademark & copyright law. The original version of this article can be viewed at https://www.dailypolitical.com/2017/08/10/boston-partners-raises-position-in-brunswick-corporation-bc.html.

BC has been the topic of a number of research reports. Zacks Investment Research lowered Brunswick Corporation from a “hold” rating to a “sell” rating in a report on Friday, April 14th. Stifel Nicolaus restated an “outperform” rating and issued a $65.00 price target (up from $64.00) on shares of Brunswick Corporation in a report on Friday, April 14th. B. Riley restated a “buy” rating and issued a $72.00 price target on shares of Brunswick Corporation in a report on Friday, April 28th. Royal Bank Of Canada restated a “buy” rating and issued a $65.00 price target on shares of Brunswick Corporation in a report on Sunday, June 11th. Finally, BidaskClub upgraded Brunswick Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $65.82.

In related news, insider William Metzger sold 559 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $62.50, for a total value of $34,937.50. Following the transaction, the insider now owns 115,673 shares of the company’s stock, valued at approximately $7,229,562.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Mark D. Schwabero sold 3,289 shares of the firm’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $63.73, for a total transaction of $209,607.97. Following the completion of the transaction, the chairman now directly owns 219,799 shares in the company, valued at approximately $14,007,790.27. The disclosure for this sale can be found here. In the last ninety days, insiders sold 51,439 shares of company stock worth $3,258,968. 1.00% of the stock is owned by insiders.

About Brunswick Corporation

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.

Want to see what other hedge funds are holding BC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brunswick Corporation (NYSE:BC).

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

Receive News & Ratings for Brunswick Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brunswick Corporation and related companies with MarketBeat.com's FREE daily email newsletter.