SignalPoint Asset Management LLC increased its stake in Brunswick Co. (NYSE:BC) by 6.7% during the second quarter, Holdings Channel reports. The fund owned 12,009 shares of the company’s stock after buying an additional 756 shares during the period. SignalPoint Asset Management LLC’s holdings in Brunswick were worth $544,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in BC. BlackRock Japan Co. Ltd increased its stake in shares of Brunswick by 362.8% in the first quarter. BlackRock Japan Co. Ltd now owns 4,272 shares of the company’s stock worth $205,000 after buying an additional 3,349 shares in the last quarter. LS Investment Advisors LLC increased its stake in shares of Brunswick by 63.7% in the second quarter. LS Investment Advisors LLC now owns 5,532 shares of the company’s stock worth $251,000 after buying an additional 2,152 shares in the last quarter. Capstone Asset Management Co. increased its stake in shares of Brunswick by 2.6% in the second quarter. Capstone Asset Management Co. now owns 7,202 shares of the company’s stock worth $326,000 after buying an additional 180 shares in the last quarter. Kempen Capital Management N.V. increased its stake in shares of Brunswick by 116.0% in the first quarter. Kempen Capital Management N.V. now owns 7,946 shares of the company’s stock worth $381,000 after buying an additional 4,267 shares in the last quarter. Finally, Boothbay Fund Management LLC acquired a new stake in shares of Brunswick during the first quarter worth $407,000. 95.26% of the stock is owned by institutional investors.
Brunswick Co. (NYSE:BC) traded down 0.25% during mid-day trading on Tuesday, reaching $48.78. 603,401 shares of the company traded hands. The stock’s 50-day moving average price is $47.06 and its 200-day moving average price is $47.56. Brunswick Co. has a one year low of $36.05 and a one year high of $55.65. The firm has a market cap of $4.40 billion, a PE ratio of 18.98 and a beta of 1.98.
Brunswick (NYSE:BC) last announced its quarterly earnings data on Thursday, July 28th. The company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.01. Brunswick had a net margin of 5.58% and a return on equity of 22.51%. The company earned $1.24 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the prior year, the company posted $1.05 EPS. The business’s revenue was up 8.8% on a year-over-year basis. Analysts forecast that Brunswick Co. will post $3.48 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Tuesday, August 23rd were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date was Friday, August 19th. Brunswick’s dividend payout ratio is 23.26%.
A number of brokerages recently weighed in on BC. B. Riley reaffirmed a “buy” rating and set a $65.00 price objective on shares of Brunswick in a research report on Friday, July 29th. Wedbush reaffirmed an “outperform” rating and set a $60.00 price objective on shares of Brunswick in a research report on Tuesday, June 21st. Imperial Capital began coverage on shares of Brunswick in a research report on Tuesday, September 27th. They set an “outperform” rating and a $60.00 price objective for the company. Robert W. Baird reaffirmed an “outperform” rating on shares of Brunswick in a research report on Saturday, June 25th. Finally, Zacks Investment Research lowered shares of Brunswick from a “hold” rating to a “sell” rating in a research note on Tuesday, July 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $56.42.
In other news, CFO William Metzger sold 19,051 shares of the stock in a transaction on Friday, July 15th. The shares were sold at an average price of $49.52, for a total value of $943,405.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.50% of the stock is currently owned by insiders.
Brunswick Company Profile
Brunswick Corporation (Brunswick) is a designer, manufacturer and marketer of recreation products, including marine engines, boats, fitness and active recreation products. The Company operates in three segments, which include Marine Engine, Boat and Fitness. The Marine Engine segment manufactures and markets a range of outboard engines, sterndrive engines, inboard engines and marine parts and accessories, which are principally sold directly to boat builders, including Brunswick’s Boat segment, or through marine retail dealers and distributors across the world.
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