5,000 Shares in Brunswick Corporation (BC) Acquired by Capital Management Associates NY
Capital Management Associates NY bought a new position in shares of Brunswick Corporation (NYSE:BC) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 5,000 shares of the company’s stock, valued at approximately $280,000.
Other hedge funds have also bought and sold shares of the company. AJO LP lifted its holdings in shares of Brunswick Corporation by 1,548.4% in the second quarter. AJO LP now owns 1,538,793 shares of the company’s stock valued at $96,528,000 after purchasing an additional 1,445,444 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Brunswick Corporation in the second quarter valued at about $42,936,000. Boston Partners increased its position in shares of Brunswick Corporation by 3.8% in the second quarter. Boston Partners now owns 9,306,042 shares of the company’s stock valued at $583,768,000 after acquiring an additional 338,212 shares during the last quarter. Prudential Financial Inc. increased its position in shares of Brunswick Corporation by 106.9% in the third quarter. Prudential Financial Inc. now owns 589,175 shares of the company’s stock valued at $32,976,000 after acquiring an additional 304,470 shares during the last quarter. Finally, TimesSquare Capital Management LLC increased its position in shares of Brunswick Corporation by 17.1% in the second quarter. TimesSquare Capital Management LLC now owns 1,950,700 shares of the company’s stock valued at $122,367,000 after acquiring an additional 284,300 shares during the last quarter. Hedge funds and other institutional investors own 88.93% of the company’s stock.
A number of analysts recently issued reports on BC shares. Stifel Nicolaus lowered their target price on Brunswick Corporation from $68.00 to $61.00 and set a “buy” rating on the stock in a research report on Friday, October 27th. BMO Capital Markets lowered their target price on Brunswick Corporation from $68.00 to $62.00 and set an “outperform” rating on the stock in a research report on Friday, October 27th. Robert W. Baird reaffirmed a “buy” rating and issued a $68.00 target price on shares of Brunswick Corporation in a research report on Friday, September 8th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Brunswick Corporation in a research report on Tuesday, October 3rd. Finally, Zacks Investment Research raised Brunswick Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $62.50.
Shares of Brunswick Corporation (BC) traded up $0.03 during midday trading on Tuesday, reaching $48.84. The company’s stock had a trading volume of 1,045,200 shares, compared to its average volume of 1,041,574. The firm has a market capitalization of $4,280.00, a P/E ratio of 12.95, a PEG ratio of 0.78 and a beta of 1.87. The company has a current ratio of 1.81, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28. Brunswick Corporation has a 1 year low of $46.74 and a 1 year high of $63.82.
Brunswick Corporation (NYSE:BC) last posted its earnings results on Thursday, October 26th. The company reported $0.91 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.09). Brunswick Corporation had a net margin of 5.93% and a return on equity of 22.71%. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period in the previous year, the company posted $0.91 EPS. Brunswick Corporation’s revenue for the quarter was up 4.4% compared to the same quarter last year. equities analysts forecast that Brunswick Corporation will post 3.86 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Tuesday, November 21st will be given a $0.19 dividend. This is an increase from Brunswick Corporation’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Monday, November 20th. This represents a $0.76 annualized dividend and a dividend yield of 1.56%. Brunswick Corporation’s dividend payout ratio is presently 21.22%.
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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