Strs Ohio acquired a new position in Brunswick Co. (NYSE:BC) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,825 shares of the company’s stock, valued at approximately $246,000.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Brunswick by 18.1% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,618 shares of the company’s stock worth $334,000 after acquiring an additional 861 shares during the last quarter. Amalgamated Bank lifted its holdings in shares of Brunswick by 5.1% in the 1st quarter. Amalgamated Bank now owns 19,191 shares of the company’s stock worth $1,140,000 after acquiring an additional 934 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in Brunswick by 11.5% during the 2nd 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. Icon Advisers Inc. Co. raised its holdings in Brunswick by 0.7% during the 2nd quarter. Icon Advisers Inc. Co. now owns 197,163 shares of the company’s stock valued at $12,713,000 after buying an additional 1,400 shares during the last quarter. Finally, Grandfield & Dodd LLC raised its holdings in Brunswick by 0.9% during the 2nd quarter. Grandfield & Dodd LLC now owns 192,530 shares of the company’s stock valued at $12,414,000 after buying an additional 1,748 shares during the last quarter. Hedge funds and other institutional investors own 96.27% of the company’s stock.
Brunswick stock traded down $0.95 during mid-day trading on Friday, reaching $63.30. 480,423 shares of the company traded hands, compared to its average volume of 840,131. The company has a current ratio of 1.70, a quick ratio of 0.96 and a debt-to-equity ratio of 0.29. The company has a market cap of $5.81 billion, a P/E ratio of 16.27, a PEG ratio of 1.18 and a beta of 1.70. Brunswick Co. has a 52-week low of $48.04 and a 52-week high of $69.82.
Brunswick (NYSE:BC) last issued its quarterly earnings data on Thursday, July 26th. The company reported $1.50 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.55 by ($0.05). The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Brunswick had a net margin of 2.38% and a return on equity of 24.14%. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.35 earnings per share. Analysts predict that Brunswick Co. will post 4.63 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 14th. Shareholders of record on Tuesday, August 21st were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date was Monday, August 20th. Brunswick’s payout ratio is currently 19.54%.
BC has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of Brunswick from a “hold” rating to a “sell” rating in a report on Wednesday, September 26th. ValuEngine upgraded shares of Brunswick from a “hold” rating to a “buy” rating in a report on Friday, September 7th. Jefferies Financial Group reiterated a “hold” rating and set a $60.00 price target on shares of Brunswick in a report on Friday, July 27th. Citigroup upped their price target on shares of Brunswick from $69.00 to $81.00 and gave the company a “buy” rating in a report on Thursday, June 14th. Finally, Imperial Capital upped their price target on shares of Brunswick from $78.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, July 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $74.54.
In other Brunswick news, insider John C. Pfeifer sold 5,446 shares of the business’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $66.95, for a total transaction of $364,609.70. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by insiders.
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.
Read More: Using the New Google Finance Tool
Receive News & Ratings for Brunswick Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brunswick and related companies with MarketBeat.com's FREE daily email newsletter.