Exencial Wealth Advisors LLC Raises Holdings in Brunswick Corporation (BC)
Exencial Wealth Advisors LLC boosted its holdings in shares of Brunswick Corporation (NYSE:BC) by 4.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 55,655 shares of the company’s stock after purchasing an additional 2,179 shares during the period. Exencial Wealth Advisors LLC owned approximately 0.06% of Brunswick Corporation worth $3,115,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of the business. Aspen Investment Management Inc lifted its stake in shares of Brunswick Corporation by 0.9% in the 2nd quarter. Aspen Investment Management Inc now owns 5,420 shares of the company’s stock worth $340,000 after acquiring an additional 50 shares during the period. Advisor Group Inc. lifted its stake in shares of Brunswick Corporation by 2.7% in the 2nd quarter. Advisor Group Inc. now owns 3,306 shares of the company’s stock worth $202,000 after acquiring an additional 87 shares during the period. Teacher Retirement System of Texas lifted its stake in shares of Brunswick Corporation by 1.4% in the 2nd quarter. Teacher Retirement System of Texas now owns 7,180 shares of the company’s stock worth $450,000 after acquiring an additional 98 shares during the period. Oppenheimer Asset Management Inc. lifted its stake in shares of Brunswick Corporation by 2.4% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 4,536 shares of the company’s stock worth $285,000 after acquiring an additional 106 shares during the period. Finally, HighTower Advisors LLC lifted its stake in shares of Brunswick Corporation by 1.5% in the 2nd quarter. HighTower Advisors LLC now owns 8,107 shares of the company’s stock worth $509,000 after acquiring an additional 122 shares during the period. 89.12% of the stock is currently owned by institutional investors.
Shares of Brunswick Corporation (NYSE BC) traded up $1.08 during midday trading on Monday, hitting $51.40. 1,996,900 shares of the company traded hands, compared to its average volume of 1,054,902. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.81 and a quick ratio of 0.95. Brunswick Corporation has a 12-month low of $46.74 and a 12-month high of $63.82. The firm has a market capitalization of $4,510.00, a PE ratio of 13.63, a price-to-earnings-growth ratio of 0.82 and a beta of 1.87.
Brunswick Corporation (NYSE:BC) last posted its earnings results 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 net margin of 5.93% and a return on equity of 22.71%. The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter last year, the business posted $0.91 earnings per share. The business’s revenue was up 4.4% compared to the same quarter last year. research analysts forecast that Brunswick Corporation will post 3.86 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, November 21st will be issued a dividend of $0.19 per share. This is an increase from Brunswick Corporation’s previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Monday, November 20th. Brunswick Corporation’s dividend payout ratio (DPR) is 21.22%.
Several analysts have recently commented on the stock. B. Riley restated a “buy” rating and issued a $70.00 target price on shares of Brunswick Corporation in a research note on Wednesday, August 2nd. Zacks Investment Research upgraded shares of Brunswick Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. ValuEngine upgraded shares of Brunswick Corporation from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. BidaskClub cut shares of Brunswick Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, August 11th. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Brunswick Corporation in a research note on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the company. Brunswick Corporation has a consensus rating of “Buy” and an average price target of $62.50.
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About Brunswick Corporation
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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