Fernwood Investment Management LLC grew its holdings in Brunswick Corporation (NYSE:BC) by 16.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,500 shares of the company’s stock after purchasing an additional 1,650 shares during the period. Fernwood Investment Management LLC’s holdings in Brunswick were worth $644,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. AJO LP increased its stake in shares of Brunswick by 1,548.4% during the second quarter. AJO LP now owns 1,538,793 shares of the company’s stock valued at $96,528,000 after buying an additional 1,445,444 shares during the period. Boston Partners increased its stake in shares of Brunswick by 3.8% during the second quarter. Boston Partners now owns 9,306,042 shares of the company’s stock valued at $583,768,000 after buying an additional 338,212 shares during the period. Prudential Financial Inc. increased its stake in shares of Brunswick by 106.9% during the third quarter. Prudential Financial Inc. now owns 589,175 shares of the company’s stock valued at $32,976,000 after buying an additional 304,470 shares during the period. TimesSquare Capital Management LLC increased its stake in shares of Brunswick by 17.1% during the second quarter. TimesSquare Capital Management LLC now owns 1,950,700 shares of the company’s stock valued at $122,367,000 after buying an additional 284,300 shares during the period. Finally, Canada Pension Plan Investment Board increased its stake in shares of Brunswick by 249.4% during the third quarter. Canada Pension Plan Investment Board now owns 305,400 shares of the company’s stock valued at $17,093,000 after buying an additional 218,000 shares during the period. Institutional investors and hedge funds own 89.12% of the company’s stock.
Brunswick Corporation (NYSE BC) opened at $52.55 on Monday. Brunswick Corporation has a 52 week low of $48.04 and a 52 week high of $63.82. 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 stock has a market capitalization of $4,608.11, a PE ratio of 13.94, a price-to-earnings-growth ratio of 0.84 and a beta of 1.87.
Brunswick (NYSE:BC) last issued its quarterly earnings results on Thursday, October 26th. The company reported $0.91 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.09). The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.16 billion. Brunswick had a return on equity of 22.71% and a net margin of 5.93%. Brunswick’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.91 EPS. equities research analysts expect that Brunswick Corporation will post 3.86 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, November 21st will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Monday, November 20th. This is an increase from Brunswick’s previous quarterly dividend of $0.17. Brunswick’s dividend payout ratio (DPR) is currently 24.52%.
BC has been the topic of several research reports. Aegis restated a “buy” rating and set a $73.00 price target on shares of Brunswick in a research note on Thursday, August 17th. ValuEngine lowered Brunswick from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th. Forward View upgraded Brunswick from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research note on Sunday, September 3rd. Northcoast Research upgraded Brunswick from a “neutral” rating to a “buy” rating in a research note on Friday, November 3rd. Finally, B. Riley set a $70.00 target price on Brunswick and gave the company a “buy” rating in a research note on Monday, October 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $62.50.
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Brunswick Company 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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