Boston Partners lessened its stake in Brunswick Corporation (NYSE:BC) by 53.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,332,207 shares of the company’s stock after selling 4,973,835 shares during the quarter. Boston Partners owned approximately 4.88% of Brunswick Corporation worth $242,473,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Advisors Asset Management Inc. bought a new stake in shares of Brunswick Corporation during the 2nd quarter valued at about $134,000. Bronfman E.L. Rothschild L.P. grew its position in shares of Brunswick Corporation by 149.8% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,550 shares of the company’s stock valued at $160,000 after buying an additional 1,529 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Brunswick Corporation by 9.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,217 shares of the company’s stock valued at $202,000 after buying an additional 280 shares during the last quarter. Advisor Group Inc. grew its position in shares of Brunswick Corporation by 2.7% during the 2nd quarter. Advisor Group Inc. now owns 3,306 shares of the company’s stock valued at $202,000 after buying an additional 87 shares during the last quarter. Finally, Pitcairn Co. bought a new stake in shares of Brunswick Corporation during the 2nd quarter valued at about $213,000. Institutional investors and hedge funds own 93.43% of the company’s stock.

Brunswick Corporation (NYSE:BC) traded down $0.69 during trading on Thursday, hitting $49.09. 16,742 shares of the stock traded hands, compared to its average volume of 1,647,466. The company has a quick ratio of 0.95, a current ratio of 1.81 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $4,346.79, a PE ratio of 13.15, a PEG ratio of 0.79 and a beta of 1.87. Brunswick Corporation has a twelve month low of $42.27 and a twelve month high of $63.82.

Brunswick Corporation (NYSE:BC) last posted its quarterly earnings data on Thursday, October 26th. The company reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.09). The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.16 billion. Brunswick Corporation had a net margin of 5.93% and a return on equity of 22.71%. The company’s revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the business earned $0.91 earnings per share. equities research analysts forecast that Brunswick Corporation will post 3.86 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Tuesday, November 21st will be issued a $0.19 dividend. The ex-dividend date is Monday, November 20th. This is a boost from Brunswick Corporation’s previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a dividend yield of 1.55%. Brunswick Corporation’s dividend payout ratio (DPR) is 21.29%.

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A number of brokerages recently weighed in on BC. B. Riley reaffirmed a “buy” rating and set a $70.00 price objective on shares of Brunswick Corporation in a research report on Wednesday, August 2nd. Zacks Investment Research raised shares of Brunswick Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Imperial Capital lowered their price objective on shares of Brunswick Corporation from $70.00 to $60.00 and set an “outperform” rating for the company in a research report on Tuesday, October 31st. ValuEngine raised shares of Brunswick Corporation from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Royal Bank Of Canada lowered their price objective on shares of Brunswick Corporation from $67.00 to $56.00 and set an “outperform” rating for the company in a research report on Monday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $62.50.

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.

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

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