59,355 Shares in Brunswick Corporation (BC) Purchased by Candriam Luxembourg S.C.A.
Candriam Luxembourg S.C.A. purchased a new position in shares of Brunswick Corporation (NYSE:BC) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 59,355 shares of the company’s stock, valued at approximately $3,322,000. Candriam Luxembourg S.C.A. owned 0.07% of Brunswick Corporation at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of BC. Advisors Asset Management Inc. bought a new position in Brunswick Corporation in the 2nd quarter valued at approximately $134,000. Bronfman E.L. Rothschild L.P. lifted its stake in Brunswick Corporation by 149.8% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,550 shares of the company’s stock valued at $160,000 after purchasing an additional 1,529 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Brunswick Corporation by 9.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,217 shares of the company’s stock valued at $202,000 after purchasing an additional 280 shares during the last quarter. Advisor Group Inc. lifted its stake in Brunswick Corporation by 2.7% in the 2nd quarter. Advisor Group Inc. now owns 3,306 shares of the company’s stock valued at $202,000 after purchasing an additional 87 shares during the last quarter. Finally, Pitcairn Co. bought a new position in Brunswick Corporation in the 2nd quarter valued at approximately $213,000. 88.93% of the stock is owned by institutional investors and hedge funds.
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Shares of Brunswick Corporation (NYSE:BC) opened at $49.26 on Wednesday. Brunswick Corporation has a 12-month low of $46.74 and a 12-month high of $63.82. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 1.81. The firm has a market cap of $4,282.77, a price-to-earnings ratio of 12.95, a PEG ratio of 0.78 and a beta of 1.87.
Brunswick Corporation (NYSE:BC) last posted its quarterly earnings data on Thursday, October 26th. The company reported $0.91 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by ($0.09). Brunswick Corporation had a return on equity of 22.71% and a net margin of 5.93%. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the company earned $0.91 earnings per share. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. research analysts anticipate that Brunswick Corporation will post 3.86 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, November 21st will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.54%. This is a boost from Brunswick Corporation’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Monday, November 20th. Brunswick Corporation’s dividend payout ratio (DPR) is presently 21.29%.
BC has been the subject of several analyst reports. Forward View set a $60.00 price target on shares of Brunswick Corporation and gave the company a “hold” rating in a research note on Sunday, July 30th. BidaskClub downgraded shares of Brunswick Corporation from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Zacks Investment Research downgraded shares of Brunswick Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. BMO Capital Markets dropped their price target on shares of Brunswick Corporation from $68.00 to $62.00 and set an “outperform” rating for the company in a research note on Friday, October 27th. Finally, KeyCorp reaffirmed a “buy” rating and set a $62.00 price target on shares of Brunswick Corporation in a research note on Thursday, August 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the company. Brunswick Corporation has an average rating of “Buy” and a consensus target price of $62.50.
Brunswick Corporation 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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