BC has been the topic of several other research reports. Zacks Investment Research raised Brunswick from a sell rating to a hold rating in a research report on Wednesday, October 18th. ValuEngine raised Brunswick from a hold rating to a buy rating in a research report on Monday, October 2nd. BidaskClub cut Brunswick from a sell rating to a strong sell rating in a research report on Friday, August 11th. Stifel Nicolaus reaffirmed a buy rating and set a $68.00 target price on shares of Brunswick in a research report on Thursday, September 7th. Finally, Robert W. Baird reaffirmed a buy rating and set a $68.00 target price on shares of Brunswick in a research report on Friday, September 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the company. The company has a consensus rating of Buy and an average target price of $62.50.
Shares of Brunswick (BC) traded down $0.47 during trading hours on Wednesday, reaching $55.51. The company had a trading volume of 2,493,900 shares, compared to its average volume of 1,064,033. Brunswick has a 52 week low of $48.04 and a 52 week high of $63.82. The company has a market capitalization of $4,908.88, a PE ratio of 14.85, a P/E/G ratio of 0.89 and a beta of 1.90. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 1.81.
Brunswick (NYSE:BC) last announced 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). Brunswick had a return on equity of 22.71% and a net margin of 5.93%. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period last year, the company earned $0.91 EPS. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. sell-side analysts anticipate that Brunswick will post 3.86 EPS for the current fiscal year.
The firm 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 dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend is Monday, November 20th. This is a positive change from Brunswick’s previous quarterly dividend of $0.17. Brunswick’s dividend payout ratio is currently 24.52%.
Several institutional investors and hedge funds have recently modified their holdings of BC. AJO LP lifted its holdings in shares of Brunswick by 1,548.4% during the 2nd 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 during the last quarter. Boston Partners raised its stake in Brunswick by 3.8% in the 2nd quarter. Boston Partners now owns 9,306,042 shares of the company’s stock worth $583,768,000 after acquiring an additional 338,212 shares during the last quarter. Prudential Financial Inc. raised its stake in Brunswick by 106.9% in the 3rd quarter. Prudential Financial Inc. now owns 589,175 shares of the company’s stock worth $32,976,000 after acquiring an additional 304,470 shares during the last quarter. TimesSquare Capital Management LLC raised its stake in Brunswick by 17.1% in the 2nd quarter. TimesSquare Capital Management LLC now owns 1,950,700 shares of the company’s stock worth $122,367,000 after acquiring an additional 284,300 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in Brunswick by 249.4% in the 3rd quarter. Canada Pension Plan Investment Board now owns 305,400 shares of the company’s stock worth $17,093,000 after acquiring an additional 218,000 shares during the last quarter. Hedge funds and other institutional investors own 92.66% of the company’s stock.
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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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