Martingale Asset Management L P decreased its position in shares of Brunswick Corporation (NYSE:BC) by 0.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,347 shares of the company’s stock after selling 4 shares during the period. Martingale Asset Management L P owned 0.06% of Brunswick Corporation worth $3,661,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Wells Fargo & Company MN increased its position in Brunswick Corporation by 11.1% during the second quarter. Wells Fargo & Company MN now owns 1,030,084 shares of the company’s stock worth $64,616,000 after buying an additional 102,703 shares during the period. TimesSquare Capital Management LLC increased its position in Brunswick Corporation by 17.1% during the second quarter. TimesSquare Capital Management LLC now owns 1,950,700 shares of the company’s stock worth $122,367,000 after buying an additional 284,300 shares during the period. Exencial Wealth Advisors LLC increased its position in Brunswick Corporation by 1.7% during the second quarter. Exencial Wealth Advisors LLC now owns 53,476 shares of the company’s stock worth $3,355,000 after buying an additional 897 shares during the period. Sheaff Brock Investment Advisors LLC increased its position in Brunswick Corporation by 5.2% during the second quarter. Sheaff Brock Investment Advisors LLC now owns 14,286 shares of the company’s stock worth $896,000 after buying an additional 712 shares during the period. Finally, LSV Asset Management increased its position in Brunswick Corporation by 30.4% during the second quarter. LSV Asset Management now owns 311,090 shares of the company’s stock worth $19,514,000 after buying an additional 72,600 shares during the period. 94.04% of the stock is currently owned by institutional investors.

In other news, insider William Metzger sold 15,301 shares of the stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $62.50, for a total transaction of $956,312.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 value of $209,607.97. Following the sale, the chairman now owns 219,799 shares in the company, valued at $14,007,790.27. The disclosure for this sale can be found here. Insiders have sold a total of 50,880 shares of company stock worth $3,224,030 over the last quarter. Insiders own 1.00% of the company’s stock.

Brunswick Corporation (NYSE BC) opened at 53.35 on Friday. The firm has a 50 day moving average price of $53.82 and a 200 day moving average price of $57.96. The stock has a market capitalization of $4.73 billion, a P/E ratio of 16.93 and a beta of 1.82. Brunswick Corporation has a 52 week low of $42.02 and a 52 week high of $63.82.

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, topping analysts’ consensus estimates of $1.33 by $0.02. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Brunswick Corporation had a return on equity of 23.35% and a net margin of 6.13%. The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.17 EPS. Equities research analysts predict that Brunswick Corporation will post $4.05 earnings per share for the current year.

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

ILLEGAL ACTIVITY NOTICE: This piece of content was originally published by Daily Political and is owned by of Daily Political. If you are accessing this piece of content on another website, it was illegally copied and republished in violation of US & international copyright & trademark laws. The original version of this piece of content can be viewed at https://www.dailypolitical.com/2017/09/16/brunswick-corporation-bc-shares-sold-by-martingale-asset-management-l-p.html.

Several research analysts have commented on the company. B. Riley reaffirmed a “buy” rating and set a $70.00 price target on shares of Brunswick Corporation in a research report on Wednesday, August 2nd. Aegis reaffirmed a “buy” rating and set a $73.00 price target on shares of Brunswick Corporation in a research report on Thursday, August 17th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $65.00 price target on shares of Brunswick Corporation in a research report on Wednesday, July 12th. Northcoast Research lowered Brunswick Corporation from a “buy” rating to a “neutral” rating in a research report on Monday, July 10th. They noted that the move was a valuation call. Finally, BidaskClub raised Brunswick Corporation from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company 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.

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.