Brunswick Corporation (BC) Shares Bought by Aperio Group LLC
Aperio Group LLC boosted its position in Brunswick Corporation (NYSE:BC) by 3.0% during the second quarter, Holdings Channel reports. The fund owned 17,140 shares of the company’s stock after buying an additional 496 shares during the period. Aperio Group LLC’s holdings in Brunswick Corporation were worth $1,075,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of BC. James Investment Research Inc. purchased a new stake in Brunswick Corporation during the first quarter worth approximately $145,000. Venturi Wealth Management LLC purchased a new stake in Brunswick Corporation during the first quarter worth approximately $207,000. Envestnet Asset Management Inc. increased its stake in Brunswick Corporation by 59.8% in the first quarter. Envestnet Asset Management Inc. now owns 3,932 shares of the company’s stock worth $240,000 after buying an additional 1,472 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in Brunswick Corporation during the first quarter worth approximately $271,000. Finally, Timber Hill LLC purchased a new stake in Brunswick Corporation during the first quarter worth approximately $303,000. Institutional investors own 99.27% of the company’s stock.
Brunswick Corporation (NYSE BC) traded up 1.07% during trading on Wednesday, reaching $55.59. The company had a trading volume of 160,021 shares. Brunswick Corporation has a 12 month low of $42.02 and a 12 month high of $63.82. The stock has a 50 day moving average price of $59.47 and a 200 day moving average price of $59.11. The firm has a market capitalization of $4.93 billion, a price-to-earnings ratio of 17.64 and a beta of 1.81.
Brunswick Corporation (NYSE:BC) last issued its earnings results on Thursday, July 27th. The company reported $1.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.02. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Brunswick Corporation had a return on equity of 23.35% and a net margin of 6.13%. Brunswick Corporation’s revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.17 earnings per share. On average, equities research analysts predict that Brunswick Corporation will post $4.05 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, August 22nd will be given a $0.165 dividend. The ex-dividend date of this dividend is Friday, August 18th. This represents a $0.66 annualized dividend and a dividend yield of 1.20%. Brunswick Corporation’s dividend payout ratio (DPR) is presently 20.95%.
A number of research firms have commented on BC. B. Riley reiterated a “buy” rating and set a $72.00 target price on shares of Brunswick Corporation in a research report on Wednesday, May 3rd. BidaskClub downgraded Brunswick Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, August 11th. Zacks Investment Research downgraded Brunswick Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Forward View set a $60.00 price objective on Brunswick Corporation and gave the company a “hold” rating in a research report on Sunday, July 30th. Finally, Stifel Nicolaus upped their price objective on Brunswick Corporation from $66.00 to $68.00 and gave the company a “buy” rating in a research report on Friday, July 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company. Brunswick Corporation has an average rating of “Buy” and a consensus price target of $65.82.
In other news, Chairman Mark D. Schwabero sold 29,552 shares of the firm’s stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $63.74, for a total value of $1,883,644.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider William Metzger sold 559 shares of the firm’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $62.50, for a total value of $34,937.50. Following the completion of the sale, the insider now directly owns 115,673 shares of the company’s stock, valued at approximately $7,229,562.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 51,439 shares of company stock valued at $3,258,968. 1.00% of the stock is currently owned by insiders.
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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