Punch & Associates Investment Management Inc. trimmed its stake in shares of Brunswick Co. (NYSE:BC) by 1.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 94,385 shares of the company’s stock after selling 1,534 shares during the quarter. Punch & Associates Investment Management Inc. owned about 0.11% of Brunswick worth $5,606,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in BC. Koch Industries Inc. acquired a new stake in Brunswick in the 1st quarter valued at approximately $226,000. Annex Advisory Services LLC acquired a new stake in Brunswick in the 4th quarter valued at approximately $238,000. Partnervest Advisory Services LLC acquired a new stake in Brunswick in the 1st quarter valued at approximately $238,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Brunswick by 47.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,757 shares of the company’s stock valued at $263,000 after acquiring an additional 1,540 shares during the period. Finally, Ramsey Quantitative Systems acquired a new stake in Brunswick in the 4th quarter valued at approximately $264,000. Institutional investors and hedge funds own 94.45% of the company’s stock.
Several research firms recently commented on BC. Northcoast Research set a $69.00 target price on Brunswick and gave the company a “buy” rating in a research report on Friday, March 2nd. Zacks Investment Research cut Brunswick from a “buy” rating to a “hold” rating in a research report on Tuesday, April 10th. ValuEngine cut Brunswick from a “buy” rating to a “hold” rating in a research report on Tuesday, April 24th. B. Riley raised their target price on Brunswick from $68.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, April 13th. Finally, Wedbush upgraded Brunswick from a “neutral” rating to an “outperform” rating and raised their target price for the company from $57.54 to $70.00 in a research report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Brunswick currently has an average rating of “Buy” and a consensus target price of $69.66.
Shares of Brunswick opened at $68.76 on Thursday, Marketbeat.com reports. Brunswick Co. has a 1 year low of $48.04 and a 1 year high of $69.13. The firm has a market cap of $5.87 billion, a PE ratio of 17.68, a PEG ratio of 1.19 and a beta of 1.84. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.96 and a current ratio of 1.73.
Brunswick (NYSE:BC) last issued its quarterly earnings results on Thursday, April 26th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.07. Brunswick had a return on equity of 23.33% and a net margin of 3.26%. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same period last year, the firm earned $0.84 EPS. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. research analysts expect that Brunswick Co. will post 4.63 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Tuesday, May 22nd will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Monday, May 21st. Brunswick’s dividend payout ratio (DPR) is presently 4.88%.
In other news, insider William Metzger sold 13,530 shares of the firm’s stock in a transaction on Tuesday, June 5th. The stock was sold at an average price of $67.42, for a total transaction of $912,192.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Mark D. Schwabero sold 16,262 shares of the firm’s stock in a transaction on Thursday, May 31st. The stock was sold at an average price of $63.54, for a total value of $1,033,287.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 45,270 shares of company stock valued at $2,988,288. Corporate insiders own 1.00% of the company’s stock.
Brunswick Corporation designs, manufactures, and markets recreation products worldwide. The company's Marine Engine segment offers outboard, sterndrive, and inboard engine and propulsion systems; marine electronics and control integration systems, steering systems, instruments, controls, propellers, trolling motors, fuel systems, service parts, and lubricants; and diesel propulsion systems to the recreational and commercial marine markets.
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