Brunswick Corporation (BC) Shares Bought by First Trust Advisors LP
First Trust Advisors LP increased its stake in shares of Brunswick Corporation (NYSE:BC) by 7.3% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 148,970 shares of the company’s stock after buying an additional 10,118 shares during the period. First Trust Advisors LP owned 0.17% of Brunswick Corporation worth $9,117,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the stock. FMR LLC boosted its stake in shares of Brunswick Corporation by 3.0% in the fourth quarter. FMR LLC now owns 4,758,378 shares of the company’s stock valued at $259,521,000 after buying an additional 137,227 shares in the last quarter. Frontier Capital Management Co. LLC boosted its position in Brunswick Corporation by 0.7% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,760,572 shares of the company’s stock worth $96,022,000 after buying an additional 12,425 shares during the period. Scopus Asset Management L.P. purchased a new position in Brunswick Corporation during the third quarter worth $56,097,000. Silvercrest Asset Management Group LLC boosted its position in Brunswick Corporation by 14.0% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 1,147,875 shares of the company’s stock worth $62,605,000 after buying an additional 141,131 shares during the period. Finally, Global Thematic Partners LLC boosted its position in Brunswick Corporation by 48.6% in the third quarter. Global Thematic Partners LLC now owns 1,075,105 shares of the company’s stock worth $52,445,000 after buying an additional 351,448 shares during the period. Hedge funds and other institutional investors own 99.32% of the company’s stock.
Brunswick Corporation (BC) opened at 60.13 on Friday. Brunswick Corporation has a one year low of $41.19 and a one year high of $62.50. The firm has a market cap of $5.37 billion, a P/E ratio of 19.97 and a beta of 1.81. The company has a 50-day moving average of $57.07 and a 200 day moving average of $57.60.
Brunswick Corporation (NYSE:BC) last announced its quarterly earnings results on Thursday, April 27th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.02. The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.15 billion. Brunswick Corporation had a return on equity of 23.15% and a net margin of 6.03%. During the same quarter last year, the business posted $0.71 EPS. Equities research analysts expect that Brunswick Corporation will post $4.06 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Tuesday, May 23rd were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend was Friday, May 19th. Brunswick Corporation’s dividend payout ratio (DPR) is 22.00%.
BC has been the subject of a number of recent analyst reports. B. Riley reissued a “buy” rating and set a $72.00 target price on shares of Brunswick Corporation in a research note on Friday, April 28th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Brunswick Corporation in a research note on Sunday, June 11th. BidaskClub raised shares of Brunswick Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday. Zacks Investment Research upgraded shares of Brunswick Corporation from a “sell” rating to a “hold” rating in a report on Monday, May 1st. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $56.00 target price on shares of Brunswick Corporation in a report on Friday, March 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company. Brunswick Corporation has a consensus rating of “Buy” and a consensus target price of $64.64.
In related news, insider John C. Pfeifer sold 2,346 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $58.26, for a total value of $136,677.96. Following the sale, the insider now directly owns 44,488 shares in the company, valued at approximately $2,591,870.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider William Metzger sold 559 shares of the firm’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $62.50, for a total value of $34,937.50. Following the completion of the sale, the insider now owns 115,673 shares in the company, valued at $7,229,562.50. The disclosure for this sale can be found here. In the last three months, insiders sold 12,443 shares of company stock worth $724,819. Company insiders own 1.00% of the company’s stock.
About Brunswick Corporation
Brunswick Corporation is a designer, manufacturer and marketer of recreation products. The Company operates through three segments: Marine Engine, Boat and Fitness. The Company’s product includes marine engines, boats, fitness equipment and active recreation products. The Company’s engine-related products include outboard, sterndrive and inboard engines; trolling motors; propellers; engine control systems; and marine parts and accessories.
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