Acushnet $GOLF Shares Sold by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC lowered its stake in shares of Acushnet (NYSE:GOLF) by 38.4% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 313,569 shares of the company’s stock after selling 195,792 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Acushnet were worth $22,834,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in Acushnet by 7.1% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 3,472 shares of the company’s stock worth $253,000 after purchasing an additional 230 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of Acushnet by 4.3% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 5,618 shares of the company’s stock valued at $409,000 after buying an additional 232 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Acushnet by 3.7% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,789 shares of the company’s stock valued at $494,000 after buying an additional 241 shares during the period. Nisa Investment Advisors LLC lifted its stake in Acushnet by 83.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 540 shares of the company’s stock worth $39,000 after acquiring an additional 246 shares in the last quarter. Finally, Bessemer Group Inc. boosted its holdings in Acushnet by 78.6% during the 2nd quarter. Bessemer Group Inc. now owns 575 shares of the company’s stock valued at $42,000 after acquiring an additional 253 shares during the period. Institutional investors and hedge funds own 53.12% of the company’s stock.

Wall Street Analyst Weigh In

GOLF has been the topic of a number of recent research reports. Roth Capital reiterated a “neutral” rating and set a $80.00 price target on shares of Acushnet in a research note on Thursday, November 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Acushnet in a research note on Wednesday, October 8th. KeyCorp boosted their price target on shares of Acushnet from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. Truist Financial increased their price objective on Acushnet from $65.00 to $74.00 and gave the company a “hold” rating in a research note on Tuesday, November 4th. Finally, Zacks Research lowered Acushnet from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Acushnet currently has a consensus rating of “Hold” and a consensus price target of $76.50.

Acushnet Stock Down 0.5%

Shares of NYSE GOLF opened at $84.10 on Friday. The business has a 50-day moving average of $79.60 and a two-hundred day moving average of $76.73. The company has a market capitalization of $4.93 billion, a price-to-earnings ratio of 22.98 and a beta of 0.90. Acushnet has a 1 year low of $55.31 and a 1 year high of $85.95. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.42 and a quick ratio of 1.30.

Acushnet (NYSE:GOLF) last issued its earnings results on Wednesday, November 5th. The company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.04). The business had revenue of $657.66 million for the quarter, compared to analyst estimates of $632.76 million. Acushnet had a return on equity of 27.50% and a net margin of 8.80%.Acushnet’s revenue was up 6.0% on a year-over-year basis. During the same period last year, the business posted $0.89 EPS. Acushnet has set its FY 2025 guidance at EPS. On average, analysts forecast that Acushnet will post 3.06 earnings per share for the current fiscal year.

Acushnet Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be issued a $0.235 dividend. The ex-dividend date is Friday, December 5th. This represents a $0.94 annualized dividend and a dividend yield of 1.1%. Acushnet’s dividend payout ratio is presently 25.68%.

Insider Buying and Selling at Acushnet

In related news, CEO David Eugene Maher sold 26,939 shares of the stock in a transaction on Friday, November 14th. The shares were sold at an average price of $79.33, for a total value of $2,137,070.87. Following the transaction, the chief executive officer directly owned 852,092 shares of the company’s stock, valued at $67,596,458.36. This trade represents a 3.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Steven Francis Pelisek sold 20,000 shares of the business’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $84.66, for a total transaction of $1,693,200.00. Following the completion of the sale, the insider directly owned 76,006 shares of the company’s stock, valued at approximately $6,434,667.96. This trade represents a 20.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 71,460 shares of company stock valued at $5,786,311. Company insiders own 53.60% of the company’s stock.

Acushnet Company Profile

Acushnet Holdings Corp. designs, develops, manufactures, and distributes golf products in the United States, Europe, the Middle East, Africa, Japan, Korea, and internationally. The company operates through four segments: Titleist Golf Balls, Titleist Golf Clubs, Titleist Golf Gear, and FootJoy Golf Wear.