Russell Investments Group Ltd. boosted its stake in Brunswick Corporation (NYSE:BC) by 11.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 247,246 shares of the company’s stock after buying an additional 25,075 shares during the period. Russell Investments Group Ltd.’s holdings in Brunswick Corporation were worth $15,501,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Brunswick Corporation by 8,617.9% in the first quarter. BlackRock Inc. now owns 7,488,087 shares of the company’s stock valued at $458,271,000 after buying an additional 7,402,194 shares in the last quarter. TimesSquare Capital Management LLC boosted its position in shares of Brunswick Corporation by 155.7% in the first quarter. TimesSquare Capital Management LLC now owns 1,666,400 shares of the company’s stock valued at $101,984,000 after buying an additional 1,014,600 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Brunswick Corporation during the second quarter valued at about $42,936,000. Morgan Stanley boosted its position in shares of Brunswick Corporation by 97.3% in the first quarter. Morgan Stanley now owns 1,236,123 shares of the company’s stock valued at $75,651,000 after buying an additional 609,752 shares in the last quarter. Finally, Columbia Wanger Asset Management LLC boosted its position in shares of Brunswick Corporation by 138.0% in the first quarter. Columbia Wanger Asset Management LLC now owns 1,039,980 shares of the company’s stock valued at $63,647,000 after buying an additional 603,092 shares in the last quarter. Hedge funds and other institutional investors own 99.59% of the company’s stock.

Brunswick Corporation (NYSE BC) traded down 1.29% during mid-day trading on Thursday, reaching $54.49. 445,491 shares of the company traded hands. 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 price is $60.33 and its 200 day moving average price is $59.15. The firm has a market capitalization of $4.83 billion, a P/E ratio of 17.29 and a beta of 1.81.

Brunswick Corporation (NYSE:BC) last posted its quarterly earnings results on Thursday, July 27th. The company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.02. Brunswick Corporation had a return on equity of 23.35% and a net margin of 6.13%. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the company earned $1.17 EPS. The business’s revenue was up 8.8% compared to the same quarter last year. Equities research analysts predict that Brunswick Corporation will post $4.04 EPS for the current year.

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

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BC has been the topic of several recent analyst reports. Zacks Investment Research cut shares of Brunswick Corporation from a “hold” rating to a “sell” rating in a report on Friday, April 14th. BidaskClub upgraded shares of Brunswick Corporation from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. Northcoast Research cut shares of Brunswick Corporation from a “buy” rating to a “neutral” rating in a report on Monday, July 10th. They noted that the move was a valuation call. Jefferies Group LLC restated a “hold” rating and issued a $56.00 target price on shares of Brunswick Corporation in a report on Friday, July 14th. Finally, B. Riley restated a “buy” rating and issued a $70.00 target price on shares of Brunswick Corporation in a report on Friday, July 28th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $65.82.

In other news, Chairman Mark D. Schwabero sold 2,738 shares of the stock in a transaction on Friday, July 14th. The stock was sold at an average price of $63.72, for a total transaction of $174,465.36. Following the transaction, the chairman now owns 219,783 shares of the company’s stock, valued at approximately $14,004,572.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider William Metzger sold 15,301 shares of the stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $62.50, for a total value of $956,312.50. The disclosure for this sale can be found here. Insiders have sold a total of 51,439 shares of company stock worth $3,258,968 in the last three months. Corporate insiders own 1.00% of the company’s stock.

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

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