Dupont Capital Management Corp reduced its position in Brunswick Co. (NYSE:BC) by 1.7% during the 3rd quarter, Holdings Channel reports. The firm owned 115,669 shares of the company’s stock after selling 2,008 shares during the period. Dupont Capital Management Corp’s holdings in Brunswick were worth $7,752,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BC. LPL Financial LLC grew its holdings in Brunswick by 73.6% in the first quarter. LPL Financial LLC now owns 6,983 shares of the company’s stock worth $415,000 after purchasing an additional 2,960 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in shares of Brunswick during the first quarter valued at $222,000. Principal Financial Group Inc. grew its holdings in shares of Brunswick by 2.4% during the first quarter. Principal Financial Group Inc. now owns 384,395 shares of the company’s stock valued at $22,829,000 after buying an additional 9,141 shares during the last quarter. Clinton Group Inc. purchased a new stake in shares of Brunswick during the second quarter valued at $368,000. Finally, State of Alaska Department of Revenue grew its holdings in shares of Brunswick by 11.5% during the second quarter. State of Alaska Department of Revenue now owns 9,090 shares of the company’s stock valued at $585,000 after buying an additional 940 shares during the last quarter. 96.06% of the stock is currently owned by institutional investors and hedge funds.
BC has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Brunswick from a “sell” rating to a “hold” rating and set a $69.00 price objective on the stock in a report on Monday, October 15th. ValuEngine lowered shares of Brunswick from a “buy” rating to a “hold” rating in a report on Tuesday, October 2nd. Citigroup dropped their price objective on shares of Brunswick from $76.00 to $66.00 and set a “buy” rating on the stock in a report on Tuesday. TheStreet lowered shares of Brunswick from a “b” rating to a “c+” rating in a report on Thursday, October 25th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $60.00 price objective on shares of Brunswick in a report on Friday, July 27th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $72.00.
NYSE:BC opened at $54.10 on Friday. Brunswick Co. has a one year low of $48.27 and a one year high of $69.82. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.65 and a current ratio of 1.26. The firm has a market capitalization of $4.64 billion, a price-to-earnings ratio of 11.90, a price-to-earnings-growth ratio of 0.93 and a beta of 1.81.
Brunswick (NYSE:BC) last posted its quarterly earnings results on Thursday, October 25th. The company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.19 by $0.09. Brunswick had a net margin of 2.12% and a return on equity of 26.19%. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.26 billion. Sell-side analysts anticipate that Brunswick Co. will post 4.69 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Tuesday, November 20th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.55%. This is a positive change from Brunswick’s previous quarterly dividend of $0.19. The ex-dividend date is Monday, November 19th. Brunswick’s dividend payout ratio is presently 19.54%.
Brunswick Corporation designs, manufactures, and markets recreation products worldwide. The company's Marine Engine segment offers outboard, sterndrive, and inboard engine and propulsion systems; marine electronics and control integration systems, steering systems, instruments, controls, propellers, trolling motors, fuel systems, service parts, and lubricants; and diesel propulsion systems to the recreational and commercial marine markets.
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