Nationwide Fund Advisors trimmed its position in Brunswick Corporation (NYSE:BC) by 10.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 261,324 shares of the company’s stock after selling 28,943 shares during the quarter. Nationwide Fund Advisors owned 0.29% of Brunswick Corporation worth $16,393,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in BC. Advisors Asset Management Inc. bought a new position in Brunswick Corporation in the second quarter valued at approximately $134,000. Bronfman E.L. Rothschild L.P. increased its stake in Brunswick Corporation by 149.8% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,550 shares of the company’s stock valued at $160,000 after acquiring an additional 1,529 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Brunswick Corporation by 9.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,217 shares of the company’s stock valued at $202,000 after acquiring an additional 280 shares during the last quarter. Venturi Wealth Management LLC bought a new position in Brunswick Corporation in the first quarter valued at approximately $207,000. Finally, Pitcairn Co. bought a new position in Brunswick Corporation in the second quarter valued at approximately $213,000. 93.99% of the stock is currently owned by institutional investors and hedge funds.
In related news, Chairman Mark D. Schwabero sold 29,552 shares of the stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $63.74, for a total transaction of $1,883,644.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider William Metzger sold 15,301 shares of the stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $62.50, for a total transaction of $956,312.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 50,880 shares of company stock worth $3,224,030. 1.00% of the stock is owned by insiders.
A number of research analysts recently issued reports on BC shares. Robert W. Baird reissued a “buy” rating and issued a $68.00 price objective on shares of Brunswick Corporation in a research note on Friday, September 8th. Zacks Investment Research raised shares of Brunswick Corporation from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a research note on Thursday, June 29th. BMO Capital Markets decreased their price objective on shares of Brunswick Corporation from $72.00 to $68.00 and set an “outperform” rating on the stock in a research note on Friday, July 28th. KeyCorp reissued an “overweight” rating and issued a $62.00 price objective on shares of Brunswick Corporation in a research note on Wednesday, August 30th. Finally, BidaskClub cut shares of Brunswick Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $65.93.
Shares of Brunswick Corporation (BC) opened at 53.68 on Thursday. Brunswick Corporation has a 1-year low of $42.02 and a 1-year high of $63.82. The firm’s 50 day moving average is $53.64 and its 200-day moving average is $57.82. The company has a market cap of $4.76 billion, a PE ratio of 17.03 and a beta of 1.82.
Brunswick Corporation (NYSE:BC) last posted its quarterly earnings data on Thursday, July 27th. The company reported $1.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.02. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Brunswick Corporation had a net margin of 6.13% and a return on equity of 23.35%. The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the company posted $1.17 EPS. Equities analysts expect that Brunswick Corporation will post $4.05 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Tuesday, August 22nd were issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.23%. The ex-dividend date was Friday, August 18th. Brunswick Corporation’s dividend payout ratio is currently 20.95%.
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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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