Brunswick Co. (BC) Holdings Trimmed by Great West Life Assurance Co. Can
Great West Life Assurance Co. Can trimmed its position in Brunswick Co. (NYSE:BC) by 2.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,311 shares of the company’s stock after selling 1,308 shares during the period. Great West Life Assurance Co. Can owned approximately 0.06% of Brunswick worth $2,900,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Advisors Asset Management Inc. acquired a new stake in shares of Brunswick during the second quarter worth $134,000. Bronfman E.L. Rothschild L.P. lifted its stake in shares of Brunswick by 149.8% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,550 shares of the company’s stock worth $160,000 after buying an additional 1,529 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Brunswick by 9.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,217 shares of the company’s stock worth $202,000 after buying an additional 280 shares during the period. Advisor Group Inc. lifted its stake in shares of Brunswick by 2.7% during the second quarter. Advisor Group Inc. now owns 3,306 shares of the company’s stock worth $202,000 after buying an additional 87 shares during the period. Finally, Pitcairn Co. acquired a new stake in shares of Brunswick during the second quarter worth $213,000. Institutional investors own 92.66% of the company’s stock.
Brunswick Co. (BC) opened at $54.97 on Wednesday. Brunswick Co. has a fifty-two week low of $48.04 and a fifty-two week high of $63.82. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.81 and a quick ratio of 0.95. The firm has a market cap of $4,893.97, a price-to-earnings ratio of 14.80, a price-to-earnings-growth ratio of 0.89 and a beta of 1.90.
Brunswick (NYSE:BC) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.09). Brunswick had a net margin of 5.93% and a return on equity of 22.71%. The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the previous year, the firm posted $0.91 EPS. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. equities research analysts expect that Brunswick Co. will post 3.85 EPS for the current fiscal year.
The company also recently disclosed 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 is a boost from Brunswick’s previous quarterly dividend of $0.17. The ex-dividend date is Monday, November 20th. This represents a $0.76 dividend on an annualized basis and a yield of 1.38%. Brunswick’s payout ratio is presently 24.52%.
Several research analysts recently issued reports on BC shares. Aegis reissued a “buy” rating and set a $73.00 target price on shares of Brunswick in a report on Thursday, August 17th. ValuEngine cut shares of Brunswick from a “buy” rating to a “hold” rating in a report on Wednesday, September 20th. Imperial Capital raised their target price on shares of Brunswick to $65.00 and gave the stock an “outperform” rating in a report on Wednesday. They noted that the move was a valuation call. B. Riley set a $65.00 target price on shares of Brunswick and gave the stock a “buy” rating in a report on Tuesday, October 31st. Finally, Stifel Nicolaus reissued a “buy” rating and set a $68.00 target price on shares of Brunswick in a report on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $62.86.
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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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