Cipher Capital LP lowered its holdings in Brunswick Corporation (NYSE:BC) by 55.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,267 shares of the company’s stock after selling 4,019 shares during the period. Cipher Capital LP’s holdings in Brunswick Corporation were worth $205,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Somerset Trust Co grew its position in shares of Brunswick Corporation by 0.4% in the 2nd quarter. Somerset Trust Co now owns 9,309 shares of the company’s stock valued at $584,000 after acquiring an additional 39 shares during the period. Teacher Retirement System of Texas grew its position in shares of Brunswick Corporation by 1.4% in the 2nd quarter. Teacher Retirement System of Texas now owns 7,180 shares of the company’s stock valued at $450,000 after acquiring an additional 98 shares during the period. World Asset Management Inc grew its position in shares of Brunswick Corporation by 3.0% in the 2nd quarter. World Asset Management Inc now owns 6,361 shares of the company’s stock valued at $399,000 after acquiring an additional 183 shares during the period. Keybank National Association OH grew its position in shares of Brunswick Corporation by 1.4% in the 2nd quarter. Keybank National Association OH now owns 17,134 shares of the company’s stock valued at $1,075,000 after acquiring an additional 230 shares during the period. Finally, Alps Advisors Inc. grew its position in shares of Brunswick Corporation by 2.6% in the 2nd quarter. Alps Advisors Inc. now owns 9,451 shares of the company’s stock valued at $593,000 after acquiring an additional 238 shares during the period. 94.04% of the stock is owned by institutional investors.

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BC has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Brunswick Corporation from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research report on Thursday, June 29th. BMO Capital Markets decreased their price objective 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. KeyCorp reissued an “overweight” rating and issued a $62.00 price objective on shares of Brunswick Corporation in a research report on Wednesday, August 30th. Robert W. Baird reissued a “buy” rating and issued a $68.00 price objective on shares of Brunswick Corporation in a research report on Friday. Finally, BidaskClub downgraded shares of Brunswick Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, August 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $65.93.

In other Brunswick Corporation news, Chairman Mark D. Schwabero sold 2,738 shares of the company’s stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $63.72, for a total transaction of $174,465.36. Following the sale, the chairman now directly owns 219,783 shares of the company’s stock, valued at $14,004,572.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Mark D. Schwabero sold 3,289 shares of the company’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 sale, the chairman now directly owns 219,799 shares in the company, valued at $14,007,790.27. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 51,439 shares of company stock valued at $3,258,968. 1.00% of the stock is owned by company insiders.

Shares of Brunswick Corporation (BC) opened at 53.04 on Tuesday. The firm has a 50-day moving average of $54.54 and a 200 day moving average of $58.17. Brunswick Corporation has a 52 week low of $42.02 and a 52 week high of $63.82. The firm has a market cap of $4.71 billion, a PE ratio of 16.83 and a beta of 1.82.

Brunswick Corporation (NYSE:BC) last posted 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. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. Brunswick Corporation had a net margin of 6.13% and a return on equity of 23.35%. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.17 earnings per share. Equities research analysts predict that Brunswick Corporation will post $4.05 EPS for the current fiscal year.

The business 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 dividend of $0.165 per share. The ex-dividend date is Friday, August 18th. This represents a $0.66 annualized dividend and a yield of 1.24%. Brunswick Corporation’s payout ratio is currently 20.95%.

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.

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

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