Janney Montgomery Scott LLC raised its stake in shares of Brunswick Corporation (NYSE:BC) by 73.4% during the second quarter, Holdings Channel reports. The fund owned 17,665 shares of the company’s stock after buying an additional 7,477 shares during the period. Janney Montgomery Scott LLC’s holdings in Brunswick Corporation were worth $1,108,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Oregon Public Employees Retirement Fund increased its stake in Brunswick Corporation by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 31,641 shares of the company’s stock valued at $1,936,000 after buying an additional 400 shares during the period. Old Mutual Global Investors UK Ltd. purchased a new stake in Brunswick Corporation during the first quarter valued at about $495,000. Punch & Associates Investment Management Inc. increased its stake in Brunswick Corporation by 0.8% in the first quarter. Punch & Associates Investment Management Inc. now owns 84,614 shares of the company’s stock valued at $5,178,000 after buying an additional 635 shares during the period. Russell Investments Group Ltd. increased its stake in Brunswick Corporation by 66.3% in the first quarter. Russell Investments Group Ltd. now owns 222,171 shares of the company’s stock valued at $13,592,000 after buying an additional 88,584 shares during the period. Finally, First Citizens Bank & Trust Co. increased its stake in Brunswick Corporation by 15.6% in the first quarter. First Citizens Bank & Trust Co. now owns 6,057 shares of the company’s stock valued at $371,000 after buying an additional 817 shares during the period. Institutional investors and hedge funds own 99.59% of the company’s stock.

Shares of Brunswick Corporation (BC) opened at 54.78 on Friday. The company’s 50 day moving average is $59.90 and its 200-day moving average is $59.11. The company has a market cap of $4.86 billion, a P/E ratio of 17.38 and a beta of 1.81. Brunswick Corporation has a 12 month low of $42.02 and a 12 month high of $63.82.

Brunswick Corporation (NYSE:BC) last posted its quarterly earnings data on Thursday, July 27th. The company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.02. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Brunswick Corporation had a net margin of 6.13% and a return on equity of 23.35%. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.17 EPS. Analysts expect that Brunswick Corporation will post $4.05 EPS for the current fiscal year.

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

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Several equities research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Brunswick Corporation from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a research report on Thursday, June 29th. BMO Capital Markets dropped their target price on shares of Brunswick Corporation from $72.00 to $68.00 and set an “outperform” rating for the company in a research report on Friday, July 28th. Stifel Nicolaus reissued an “outperform” rating and issued a $65.00 target price (up previously from $64.00) on shares of Brunswick Corporation in a research report on Friday, April 14th. Forward View set a $60.00 target price on shares of Brunswick Corporation and gave the stock a “hold” rating in a research report on Sunday, July 30th. Finally, BidaskClub downgraded shares of Brunswick Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $65.82.

In other Brunswick Corporation news, 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 value of $209,607.97. Following the completion of the sale, the chairman now owns 219,799 shares in the company, valued at approximately $14,007,790.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Mark D. Schwabero sold 29,552 shares of the firm’s stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $63.74, for a total transaction of $1,883,644.48. The disclosure for this sale can be found here. Insiders sold a total of 51,439 shares of company stock valued at $3,258,968 in the last 90 days. Corporate insiders own 1.00% of the company’s stock.

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.

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

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