Virtu Financial LLC bought a new stake in Brunswick Corporation (NYSE:BC - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 8,311 shares of the company's stock, valued at approximately $448,000.
A number of other large investors have also recently modified their holdings of the business. Massachusetts Financial Services Co. MA boosted its holdings in shares of Brunswick by 17.7% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,439,526 shares of the company's stock valued at $185,218,000 after acquiring an additional 516,970 shares in the last quarter. Turtle Creek Asset Management Inc. boosted its holdings in shares of Brunswick by 19.7% during the 4th quarter. Turtle Creek Asset Management Inc. now owns 2,965,460 shares of the company's stock valued at $191,806,000 after acquiring an additional 488,412 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Brunswick during the 4th quarter valued at $29,646,000. Janus Henderson Group PLC boosted its holdings in shares of Brunswick by 49.5% during the 4th quarter. Janus Henderson Group PLC now owns 530,251 shares of the company's stock valued at $34,296,000 after acquiring an additional 175,620 shares in the last quarter. Finally, Van Berkom & Associates Inc. boosted its holdings in shares of Brunswick by 19.2% during the 1st quarter. Van Berkom & Associates Inc. now owns 971,648 shares of the company's stock valued at $52,323,000 after acquiring an additional 156,816 shares in the last quarter. Institutional investors and hedge funds own 99.34% of the company's stock.
Insider Buying and Selling
In related news, VP Christopher F. Dekker sold 2,092 shares of the company's stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $58.47, for a total value of $122,319.24. Following the transaction, the vice president owned 44,466 shares in the company, valued at approximately $2,599,927.02. This represents a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.81% of the company's stock.
Brunswick Stock Down 1.6%
Brunswick stock traded down $1.00 during midday trading on Friday, reaching $63.32. The stock had a trading volume of 567,817 shares, compared to its average volume of 1,091,934. Brunswick Corporation has a 12 month low of $41.00 and a 12 month high of $87.65. The company has a market capitalization of $4.14 billion, a P/E ratio of 102.13 and a beta of 1.28. The company has a fifty day moving average price of $58.69 and a two-hundred day moving average price of $55.77. The company has a current ratio of 1.68, a quick ratio of 0.70 and a debt-to-equity ratio of 1.10.
Brunswick (NYSE:BC - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.89 by $0.27. Brunswick had a return on equity of 10.73% and a net margin of 0.82%. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the previous year, the business earned $1.80 EPS. The company's quarterly revenue was up .2% on a year-over-year basis. As a group, equities analysts expect that Brunswick Corporation will post 4.19 EPS for the current fiscal year.
Brunswick Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Wednesday, August 20th will be paid a $0.43 dividend. The ex-dividend date is Wednesday, August 20th. This represents a $1.72 annualized dividend and a yield of 2.7%. Brunswick's dividend payout ratio is presently 277.42%.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on BC. Benchmark began coverage on Brunswick in a research report on Monday, April 28th. They set a "buy" rating and a $70.00 target price for the company. BMO Capital Markets lowered their target price on Brunswick from $75.00 to $65.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. DA Davidson raised their target price on Brunswick from $43.00 to $59.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Robert W. Baird raised their target price on Brunswick from $56.00 to $60.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Finally, Roth Capital lifted their price objective on Brunswick from $60.00 to $68.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $68.25.
Read Our Latest Research Report on Brunswick
Brunswick Profile
(
Free Report)
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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