Brunswick Corporation (BC) Shares Bought by Stifel Financial Corp
Stifel Financial Corp lifted its holdings in Brunswick Corporation (NYSE:BC) by 6.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,067 shares of the company’s stock after acquiring an additional 1,458 shares during the period. Stifel Financial Corp’s holdings in Brunswick Corporation were worth $1,572,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also bought and sold shares of the company. Advisors Asset Management Inc. bought a new stake in Brunswick Corporation in the 2nd quarter valued at about $134,000. Bronfman E.L. Rothschild L.P. increased its position 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 buying an additional 1,529 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position 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 buying an additional 280 shares in the last quarter. Advisor Group Inc. increased its position 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 buying an additional 87 shares in the last quarter. Finally, Pitcairn Co. bought a new stake in Brunswick Corporation in the 2nd quarter valued at about $213,000. 93.99% of the stock is owned by hedge funds and other institutional investors.
Brunswick Corporation (NYSE BC) opened at 58.18 on Wednesday. The firm’s 50-day moving average price is $54.81 and its 200-day moving average price is $57.26. The firm has a market cap of $5.16 billion, a P/E ratio of 18.46 and a beta of 1.85. Brunswick Corporation has a 1-year low of $42.02 and a 1-year high of $63.82.
Brunswick Corporation (NYSE:BC) last posted 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. Brunswick Corporation had a net margin of 6.13% and a return on equity of 23.35%. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the prior year, the company posted $1.17 earnings per share. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. Equities research analysts anticipate that Brunswick Corporation will post $4.04 earnings per share for the current fiscal year.
BC has been the subject of a number of research analyst reports. BidaskClub raised Brunswick Corporation from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 6th. Aegis reaffirmed a “buy” rating and issued a $73.00 target price on shares of Brunswick Corporation in a research report on Thursday, August 17th. Forward View raised Brunswick Corporation from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research report on Sunday, September 3rd. ValuEngine lowered Brunswick Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th. Finally, Northcoast Research lowered 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. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the stock. Brunswick Corporation presently has a consensus rating of “Buy” and a consensus price target of $65.54.
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Brunswick Corporation 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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