Nisa Investment Advisors LLC continued to hold its stake in Brunswick Corporation (NYSE:BC) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 28,100 shares of the company’s stock at the end of the second quarter. Nisa Investment Advisors LLC’s holdings in Brunswick Corporation were worth $1,763,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the company. Bank of America Corp DE boosted its position in Brunswick Corporation by 12.8% in the first quarter. Bank of America Corp DE now owns 539,889 shares of the company’s stock worth $33,042,000 after buying an additional 61,160 shares during the period. Kempen Capital Management N.V. boosted its stake in shares of Brunswick Corporation by 97.6% in the first quarter. Kempen Capital Management N.V. now owns 28,654 shares of the company’s stock worth $1,754,000 after buying an additional 14,154 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Brunswick Corporation by 2.8% in the first quarter. Principal Financial Group Inc. now owns 375,750 shares of the company’s stock worth $22,997,000 after buying an additional 10,324 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Brunswick Corporation by 41.7% in the first quarter. Pacer Advisors Inc. now owns 12,642 shares of the company’s stock worth $774,000 after buying an additional 3,721 shares during the last quarter. Finally, Morgan Stanley boosted its stake in shares of Brunswick Corporation by 97.3% in the first quarter. Morgan Stanley now owns 1,236,123 shares of the company’s stock worth $75,651,000 after buying an additional 609,752 shares during the last quarter. Institutional investors and hedge funds own 99.27% of the company’s stock.
Shares of Brunswick Corporation (NYSE BC) traded down 0.89% on Friday, reaching $50.87. The company’s stock had a trading volume of 2,494,893 shares. The company’s 50-day moving average is $58.60 and its 200 day moving average is $58.97. The company has a market capitalization of $4.51 billion, a price-to-earnings ratio of 16.14 and a beta of 1.81. Brunswick Corporation has a 12-month low of $42.02 and a 12-month high of $63.82.
Brunswick Corporation (NYSE:BC) last released 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 return on equity of 23.35% and a net margin of 6.13%. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the prior year, the firm posted $1.17 earnings per share. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. Equities analysts anticipate that Brunswick Corporation will post $4.05 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Tuesday, August 22nd will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Friday, August 18th. Brunswick Corporation’s dividend payout ratio is presently 20.95%.
Several research firms have recently issued reports on BC. B. Riley reaffirmed a “buy” rating and issued a $72.00 price objective on shares of Brunswick Corporation in a research note on Wednesday, May 3rd. BidaskClub downgraded shares of Brunswick Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, August 11th. Zacks Investment Research cut Brunswick Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Jefferies Group LLC restated a “hold” rating and set a $56.00 price target on shares of Brunswick Corporation in a report on Friday. Finally, Stifel Nicolaus increased their price target on Brunswick Corporation from $66.00 to $68.00 and gave the stock a “buy” rating in a report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $65.92.
In other Brunswick Corporation news, insider William Metzger sold 15,301 shares of the company’s stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $62.50, for a total transaction of $956,312.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Mark D. Schwabero sold 29,552 shares of the company’s stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $63.74, for a total value of $1,883,644.48. The disclosure for this sale can be found here. Insiders sold 51,439 shares of company stock worth $3,258,968 over the last quarter. 1.00% of the stock is currently owned by insiders.
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.
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