Wedge Capital Management L L P NC decreased its stake in shares of Brunswick Corporation (NYSE:BC) by 9.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,201,399 shares of the company’s stock after selling 119,518 shares during the period. Wedge Capital Management L L P NC’s holdings in Brunswick Corporation were worth $75,364,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in BC. Teachers Advisors LLC boosted its position in Brunswick Corporation by 25.4% in the fourth quarter. Teachers Advisors LLC now owns 104,179 shares of the company’s stock valued at $5,682,000 after buying an additional 21,126 shares during the period. Bank of Montreal Can boosted its position in Brunswick Corporation by 13.7% in the first quarter. Bank of Montreal Can now owns 58,948 shares of the company’s stock valued at $3,607,000 after buying an additional 7,096 shares during the period. Capstone Asset Management Co. boosted its position in 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 period. Cornerstone Financial Partners LLC boosted its position in 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 period. Finally, Louisiana State Employees Retirement System boosted its position in Brunswick Corporation by 1.8% in the first quarter. Louisiana State Employees Retirement System now owns 22,600 shares of the company’s stock valued at $1,383,000 after buying an additional 400 shares during the period. Institutional investors own 99.59% of the company’s stock.

Brunswick Corporation (NYSE:BC) opened at 54.04 on Friday. Brunswick Corporation has a one year low of $42.02 and a one year high of $63.82. The stock’s 50 day moving average price is $60.11 and its 200-day moving average price is $59.11. The firm has a market capitalization of $4.79 billion, a price-to-earnings ratio of 17.14 and a beta of 1.81.

Brunswick Corporation (NYSE:BC) last issued its quarterly earnings data on Thursday, July 27th. The company reported $1.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.02. Brunswick Corporation had a return on equity of 23.35% and a net margin of 6.13%. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the previous year, the company posted $1.17 EPS. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. On average, equities research analysts anticipate that Brunswick Corporation will post $4.05 earnings per share for the current fiscal year.

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

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BC has been the subject of several research analyst reports. Zacks Investment Research cut Brunswick Corporation from a “hold” rating to a “sell” rating in a research note on Friday, April 14th. Stifel Nicolaus reiterated an “outperform” rating and set a $65.00 target price (up from $64.00) on shares of Brunswick Corporation in a research note on Friday, April 14th. B. Riley reiterated a “buy” rating and set a $72.00 target price on shares of Brunswick Corporation in a research note on Friday, April 28th. Royal Bank Of Canada reiterated a “buy” rating and set a $65.00 target price on shares of Brunswick Corporation in a research note on Sunday, June 11th. Finally, BidaskClub upgraded Brunswick Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Brunswick Corporation has a consensus rating of “Buy” and a consensus price target of $65.82.

In other news, insider William Metzger sold 559 shares of the business’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $62.50, for a total transaction of $34,937.50. Following the completion of the sale, the insider now owns 115,673 shares in the company, valued at $7,229,562.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Mark D. Schwabero sold 29,552 shares of the business’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 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. Corporate insiders own 1.00% of the company’s stock.

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

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