Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its holdings in shares of Brunswick Corporation (NYSE:BC) by 0.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,034 shares of the company’s stock after selling 43 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Brunswick Corporation were worth $818,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Somerset Trust Co raised its position in Brunswick Corporation by 0.4% during the second quarter. Somerset Trust Co now owns 9,309 shares of the company’s stock worth $584,000 after acquiring an additional 39 shares during the last quarter. Teacher Retirement System of Texas raised its position in Brunswick Corporation by 1.4% during the second quarter. Teacher Retirement System of Texas now owns 7,180 shares of the company’s stock worth $450,000 after acquiring an additional 98 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in Brunswick Corporation by 2.4% during the second quarter. Oppenheimer Asset Management Inc. now owns 4,536 shares of the company’s stock worth $285,000 after acquiring an additional 106 shares during the last quarter. World Asset Management Inc raised its position in Brunswick Corporation by 3.0% during the second quarter. World Asset Management Inc now owns 6,361 shares of the company’s stock worth $399,000 after acquiring an additional 183 shares during the last quarter. Finally, Keybank National Association OH raised its position in Brunswick Corporation by 1.4% during the second quarter. Keybank National Association OH now owns 17,134 shares of the company’s stock worth $1,075,000 after acquiring an additional 230 shares during the last quarter. Institutional investors own 94.04% of the company’s stock.

Shares of Brunswick Corporation (NYSE BC) opened at 53.36 on Friday. The stock has a market capitalization of $4.73 billion, a P/E ratio of 16.93 and a beta of 1.82. The company has a 50-day moving average of $53.91 and a 200-day moving average of $58.01. 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 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.02. Brunswick Corporation had a net margin of 6.13% and a return on equity of 23.35%. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the prior year, the firm earned $1.17 earnings per share. The business’s quarterly revenue was up 8.8% on a year-over-year basis. Equities analysts expect that Brunswick Corporation will post $4.05 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Tuesday, August 22nd will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Friday, August 18th. Brunswick Corporation’s dividend payout ratio is presently 20.95%.

In other news, Chairman Mark D. Schwabero sold 29,552 shares of the stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $63.74, for a total value of $1,883,644.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Mark D. Schwabero sold 3,289 shares of the stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $63.73, for a total transaction of $209,607.97. Following the completion of the sale, the chairman now directly owns 219,799 shares of the company’s stock, valued at $14,007,790.27. The disclosure for this sale can be found here. Insiders have sold 50,880 shares of company stock valued at $3,224,030 over the last ninety days. Insiders own 1.00% of the company’s stock.

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BC has been the subject of a number of research reports. Zacks Investment Research upgraded 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. Robert W. Baird restated a “buy” rating and set a $68.00 target price on shares of Brunswick Corporation in a research report on Friday, September 8th. BMO Capital Markets cut 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. KeyCorp restated an “overweight” rating and set a $62.00 target price on shares of Brunswick Corporation in a research report on Wednesday, August 30th. Finally, BidaskClub cut shares of Brunswick Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, August 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. Brunswick Corporation presently has an average rating of “Buy” and a consensus price target of $65.93.

Brunswick Corporation 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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