Prudential Financial Inc. boosted its position in shares of Brunswick Corporation (NYSE:BC) by 106.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 589,175 shares of the company’s stock after buying an additional 304,470 shares during the quarter. Prudential Financial Inc. owned 0.66% of Brunswick Corporation worth $32,976,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Advisors Asset Management Inc. purchased a new position in Brunswick Corporation during the second quarter worth $134,000. Bronfman E.L. Rothschild L.P. boosted its stake in Brunswick Corporation by 149.8% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,550 shares of the company’s stock worth $160,000 after buying an additional 1,529 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Brunswick Corporation by 9.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,217 shares of the company’s stock worth $202,000 after buying an additional 280 shares during the period. Advisor Group Inc. boosted its stake in Brunswick Corporation by 2.7% during the second quarter. Advisor Group Inc. now owns 3,306 shares of the company’s stock worth $202,000 after buying an additional 87 shares during the period. Finally, Pitcairn Co. purchased a new position in Brunswick Corporation during the second quarter worth $213,000. 88.93% of the stock is owned by institutional investors.
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Shares of Brunswick Corporation (BC) opened at $48.84 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 1.81 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $4,280.14, a PE ratio of 12.95, a P/E/G ratio of 0.78 and a beta of 1.87. Brunswick Corporation has a fifty-two week low of $46.74 and a fifty-two week high of $63.82.
Brunswick Corporation (NYSE:BC) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.91 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.09). The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.16 billion. Brunswick Corporation had a net margin of 5.93% and a return on equity of 22.71%. The business’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.91 earnings per share. research analysts anticipate that Brunswick Corporation will post 3.86 EPS for the current fiscal year.
The company 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 $0.19 dividend. The ex-dividend date is Monday, November 20th. This is an increase from Brunswick Corporation’s previous quarterly dividend of $0.17. This represents a $0.76 dividend on an annualized basis and a yield of 1.56%. Brunswick Corporation’s payout ratio is currently 21.29%.
Several research analysts have commented on the stock. Forward View set a $60.00 price objective on shares of Brunswick Corporation and gave the stock a “hold” rating in a research note on Sunday, July 30th. BidaskClub lowered shares of Brunswick Corporation from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Zacks Investment Research lowered shares of Brunswick Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. BMO Capital Markets lowered their target price on shares of Brunswick Corporation from $68.00 to $62.00 and set an “outperform” rating for the company in a research note on Friday, October 27th. Finally, KeyCorp reissued a “buy” rating and set a $62.00 target price on shares of Brunswick Corporation in a research note on Thursday, August 31st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $62.50.
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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