Charles Schwab Investment Management Inc. Boosts Holdings in Brunswick Corporation $BC

Charles Schwab Investment Management Inc. increased its holdings in Brunswick Corporation (NYSE:BC - Free Report) by 1.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 723,748 shares of the company's stock after buying an additional 8,390 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.10% of Brunswick worth $38,974,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Deutsche Bank AG lifted its holdings in Brunswick by 0.6% during the fourth quarter. Deutsche Bank AG now owns 28,031 shares of the company's stock valued at $1,813,000 after purchasing an additional 160 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of Brunswick by 33.3% in the first quarter. Fifth Third Bancorp now owns 1,078 shares of the company's stock worth $58,000 after buying an additional 269 shares in the last quarter. Peterson Wealth Services lifted its holdings in shares of Brunswick by 2.5% in the first quarter. Peterson Wealth Services now owns 13,599 shares of the company's stock worth $732,000 after buying an additional 331 shares in the last quarter. Snowden Capital Advisors LLC lifted its holdings in shares of Brunswick by 6.4% in the fourth quarter. Snowden Capital Advisors LLC now owns 6,297 shares of the company's stock worth $407,000 after buying an additional 378 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Brunswick by 59.3% in the first quarter. GAMMA Investing LLC now owns 1,276 shares of the company's stock worth $69,000 after buying an additional 475 shares in the last quarter. Hedge funds and other institutional investors own 99.34% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BC. Roth Capital boosted their target price on shares of Brunswick from $60.00 to $68.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Benchmark began coverage on shares of Brunswick in a report on Monday, April 28th. They issued a "buy" rating and a $70.00 target price on the stock. DA Davidson boosted their target price on shares of Brunswick from $43.00 to $59.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Robert W. Baird boosted their target price on shares of Brunswick from $56.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Finally, Citigroup reissued a "buy" rating and issued a $68.00 target price (up previously from $61.00) on shares of Brunswick in a report on Monday, June 16th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Brunswick has an average rating of "Moderate Buy" and a consensus target price of $68.25.

Insiders Place Their Bets

In other news, VP Christopher F. Dekker sold 2,092 shares of the business's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $58.47, for a total transaction of $122,319.24. Following the completion of the sale, the vice president directly owned 44,466 shares of the company's stock, valued at approximately $2,599,927.02. The trade was a 4.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.85% of the stock is owned by company insiders.

Brunswick Trading Down 1.6%

BC stock opened at $63.32 on Monday. The company has a quick ratio of 0.70, a current ratio of 1.68 and a debt-to-equity ratio of 1.10. Brunswick Corporation has a twelve month low of $41.00 and a twelve month high of $87.65. The stock has a market capitalization of $4.14 billion, a price-to-earnings ratio of 102.13 and a beta of 1.28. The firm's fifty day simple moving average is $58.69 and its two-hundred day simple moving average is $55.68.

Brunswick (NYSE:BC - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The company reported $1.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.89 by $0.27. Brunswick had a net margin of 0.82% and a return on equity of 10.73%. The business had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.25 billion. During the same quarter in the previous year, the business posted $1.80 earnings per share. The business's revenue was up .2% compared to the same quarter last year. As a group, analysts anticipate that Brunswick Corporation will post 4.19 earnings per share for the current year.

Brunswick Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Wednesday, August 20th will be given a dividend of $0.43 per share. The ex-dividend date is Wednesday, August 20th. This represents a $1.72 dividend on an annualized basis and a yield of 2.7%. Brunswick's payout ratio is 277.42%.

Brunswick Company Profile

Brunswick Corporation designs, manufactures, and markets recreation products in the United States, Europe, the Asia-Pacific, Canada, and internationally. It operates through four segments: Propulsion, Engine P&A, Navico Group, and Boat. The Propulsion segment provides outboard, sterndrive, inboard engines, propulsion-related controls, rigging, and propellers for boat builders through marine retail dealers under the Mercury, Mercury MerCruiser, Mariner, Mercury Racing, Mercury Diesel, Avator, and Fliteboard brands.

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