Neumeier Poma Investment Counsel LLC Acquires Shares of 382,099 Acushnet $GOLF

Neumeier Poma Investment Counsel LLC acquired a new position in Acushnet (NYSE:GOLF - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 382,099 shares of the company's stock, valued at approximately $45,290,194. Acushnet makes up 0.0% of Neumeier Poma Investment Counsel LLC's portfolio, making the stock its 12th largest position. Neumeier Poma Investment Counsel LLC owned about 0.65% of Acushnet at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of GOLF. BlackRock Inc. bought a new stake in Acushnet during the second quarter worth about $496,463,000. Fifth Third Bancorp grew its position in Acushnet by 36,310.7% during the first quarter. Fifth Third Bancorp now owns 27,308 shares of the company's stock valued at $2,553,000 after acquiring an additional 27,233 shares during the last quarter. Louisiana State Employees Retirement System bought a new position in shares of Acushnet in the 1st quarter worth approximately $1,140,000. Kennedy Capital Management LLC grew its stake in shares of Acushnet by 11.5% in the fourth quarter. Kennedy Capital Management LLC now owns 217,803 shares of the company's stock worth $17,385,000 after acquiring an additional 22,424 shares during the period. Finally, Capital Research Global Investors lifted its position in shares of Acushnet by 8.5% in the fourth quarter. Capital Research Global Investors now owns 1,465,000 shares of the company's stock valued at $116,936,000 after acquiring an additional 115,000 shares in the last quarter. Institutional investors own 53.12% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on GOLF. Truist Financial increased their price objective on Acushnet from $95.00 to $97.00 and gave the company a "hold" rating in a report on Tuesday, May 19th. Roth Capital reiterated a "neutral" rating and set a $95.00 target price on shares of Acushnet in a research note on Friday, August 7th. Weiss Ratings raised Acushnet from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, August 11th. Wall Street Zen raised shares of Acushnet from a "hold" rating to a "buy" rating in a report on Saturday, August 15th. Finally, JPMorgan Chase & Co. lifted their target price on Acushnet from $96.00 to $118.00 and gave the company a "neutral" rating in a research report on Friday, June 26th. One investment analyst has rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $99.17.

Acushnet Trading Up 2.4%

GOLF stock traded up $2.06 during midday trading on Friday, reaching $87.01. 145,436 shares of the company traded hands, compared to its average volume of 361,560. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.48 and a current ratio of 2.55. Acushnet has a 52-week low of $73.09 and a 52-week high of $119.65. The business has a 50 day moving average of $103.57 and a 200-day moving average of $97.89. The firm has a market capitalization of $5.08 billion, a price-to-earnings ratio of 23.71 and a beta of 0.81.

Acushnet (NYSE:GOLF - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $2.08 EPS for the quarter, topping the consensus estimate of $1.63 by $0.45. Acushnet had a return on equity of 27.98% and a net margin of 8.12%.The company had revenue of $819.95 million during the quarter, compared to analyst estimates of $788.24 million. Acushnet's quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.25 EPS. As a group, sell-side analysts expect that Acushnet will post 4.02 earnings per share for the current fiscal year.

Acushnet Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be given a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, September 4th. Acushnet's dividend payout ratio is 27.79%.

Insiders Place Their Bets

In other Acushnet news, insider Nicholas N. Mohamed sold 529 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $95.00, for a total transaction of $50,255.00. Following the sale, the insider owned 2,868 shares of the company's stock, valued at $272,460. This represents a 15.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 53.30% of the stock is currently owned by corporate insiders.

Acushnet Company Profile

Acushnet Holdings Corp., traded on the NYSE under the symbol GOLF, is a leading designer, manufacturer and marketer of golf equipment, footwear, apparel and accessories. The company's portfolio encompasses a range of golf lifestyle products, with a focus on innovation, performance and quality for players of all skill levels.

At the core of Acushnet's product lineup is the Titleist brand, globally recognized for its Tour-level golf balls and precision-engineered clubs. FootJoy offers golf shoes, gloves and apparel that blend comfort, style and technical performance, while Scotty Cameron putters and Vokey design wedges cater to players seeking exacting standards in feel and accuracy.

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