Marshall Wace LLP trimmed its position in shares of Brunswick Co. (NYSE:BC) by 41.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 108,178 shares of the company’s stock after selling 77,935 shares during the quarter. Marshall Wace LLP owned 0.12% of Brunswick worth $5,445,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of BC. FNY Investment Advisers LLC bought a new stake in shares of Brunswick during the first quarter worth $25,000. Oregon Public Employees Retirement Fund raised its holdings in shares of Brunswick by 4,579.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,604,197 shares of the company’s stock valued at $35,000 after acquiring an additional 1,569,918 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Brunswick by 121.3% in the first quarter. Signaturefd LLC now owns 1,049 shares of the company’s stock valued at $53,000 after acquiring an additional 575 shares in the last quarter. Starr International Co. Inc. bought a new stake in shares of Brunswick in the first quarter valued at about $144,000. Finally, New England Research & Management Inc. bought a new stake in shares of Brunswick in the first quarter valued at about $206,000. 93.07% of the stock is owned by institutional investors.
Several analysts recently weighed in on the company. SunTrust Banks lifted their price objective on Fidelity National Financial to $45.00 and gave the company a “buy” rating in a report on Friday, April 26th. Northcoast Research restated a “neutral” rating on shares of Advance Auto Parts in a report on Thursday, June 27th. Wedbush restated a “buy” rating and issued a $36.00 price objective on shares of Allena Pharmaceuticals in a report on Tuesday, July 2nd. B. Riley set a $71.00 price objective on Brunswick and gave the company a “buy” rating in a report on Friday, June 28th. Finally, Zacks Investment Research upgraded HB Fuller from a “sell” rating to a “hold” rating in a report on Tuesday, June 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. Brunswick has a consensus rating of “Buy” and a consensus price target of $62.72.
Brunswick (NYSE:BC) last issued its quarterly earnings results on Thursday, April 25th. The company reported $0.99 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.99. Brunswick had a return on equity of 27.01% and a net margin of 2.99%. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the firm earned $1.01 earnings per share. The company’s revenue was up 5.4% on a year-over-year basis. On average, equities analysts anticipate that Brunswick Co. will post 4.66 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Tuesday, May 21st were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, May 20th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.82%. Brunswick’s payout ratio is 17.61%.
Brunswick Company Profile
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, electrical systems, service parts, and lubricants; and integrated propulsion systems to the recreational and commercial marine markets, as well as parts and accessories.
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