NGAM Advisors L.P. bought a new stake in shares of Brunswick Corporation (NYSE:BC) during the second quarter, Holdings Channel reports. The institutional investor bought 47,695 shares of the company’s stock, valued at approximately $2,991,000.

Other large investors have also recently modified their holdings of the company. Somerset Trust Co increased its stake in shares of Brunswick Corporation by 0.4% in the second quarter. Somerset Trust Co now owns 9,309 shares of the company’s stock valued at $584,000 after buying an additional 39 shares during the last quarter. Cornerstone Financial Partners LLC increased its stake in shares of Brunswick Corporation by 1.8% in the first quarter. Cornerstone Financial Partners LLC now owns 10,586 shares of the company’s stock valued at $647,000 after buying an additional 189 shares during the last quarter. Tdam USA Inc. increased its stake in shares of Brunswick Corporation by 0.5% in the first quarter. Tdam USA Inc. now owns 38,490 shares of the company’s stock valued at $2,356,000 after buying an additional 195 shares during the last quarter. Capstone Asset Management Co. increased its stake in shares of Brunswick Corporation by 3.8% in the first quarter. Capstone Asset Management Co. now owns 7,452 shares of the company’s stock valued at $456,000 after buying an additional 270 shares during the last quarter. Finally, State Treasurer State of Michigan increased its stake in shares of Brunswick Corporation by 0.8% in the first quarter. State Treasurer State of Michigan now owns 36,400 shares of the company’s stock valued at $2,228,000 after buying an additional 300 shares during the last quarter. 99.59% of the stock is owned by hedge funds and other institutional investors.

Shares of Brunswick Corporation (NYSE:BC) opened at 54.04 on Friday. The firm has a market cap of $4.79 billion, a PE ratio of 17.14 and a beta of 1.81. Brunswick Corporation has a 52 week low of $42.02 and a 52 week high of $63.82. The firm has a 50-day moving average of $60.11 and a 200-day moving average of $59.11.

Brunswick Corporation (NYSE:BC) last announced its quarterly earnings results on Thursday, July 27th. The company reported $1.35 EPS for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.02. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. Brunswick Corporation had a net margin of 6.13% and a return on equity of 23.35%. Brunswick Corporation’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.17 EPS. On average, analysts expect that Brunswick Corporation will post $4.04 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, August 22nd will be paid a $0.165 dividend. The ex-dividend date is Friday, August 18th. This represents a $0.66 annualized dividend and a dividend yield of 1.22%. Brunswick Corporation’s payout ratio is 20.95%.

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Several equities research analysts have commented on the stock. B. Riley reaffirmed a “buy” rating and issued a $72.00 target price on shares of Brunswick Corporation in a research note on Friday, April 28th. Zacks Investment Research downgraded shares of Brunswick Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. BMO Capital Markets reissued a “buy” rating and set a $72.00 price objective on shares of Brunswick Corporation in a research report on Thursday, July 13th. Royal Bank Of Canada reissued a “buy” rating and set a $65.00 price objective on shares of Brunswick Corporation in a research report on Wednesday, July 12th. Finally, Northcoast Research downgraded shares of Brunswick Corporation from a “buy” rating to a “neutral” rating in a research report on Monday, July 10th. They noted that the move was a valuation call. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $65.82.

In other news, Chairman Mark D. Schwabero sold 2,738 shares of the company’s stock in a transaction on Friday, July 14th. The shares were sold at an average price of $63.72, for a total value of $174,465.36. Following the completion of the sale, the chairman now owns 219,783 shares in the company, valued at approximately $14,004,572.76. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Mark D. Schwabero sold 3,289 shares of the company’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $63.73, for a total transaction of $209,607.97. Following the completion of the sale, the chairman now owns 219,799 shares of the company’s stock, valued at approximately $14,007,790.27. The disclosure for this sale can be found here. In the last quarter, insiders sold 51,439 shares of company stock valued at $3,258,968. Company insiders own 1.00% of the company’s stock.

About Brunswick Corporation

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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Institutional Ownership by Quarter for Brunswick Corporation (NYSE:BC)

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