4,000 Shares in Brunswick Corporation (BC) Purchased by TLP Group LLC
TLP Group LLC purchased a new stake in Brunswick Corporation (NYSE:BC) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 4,000 shares of the company’s stock, valued at approximately $251,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Advisors Asset Management Inc. acquired a new position in Brunswick Corporation in the second quarter valued at approximately $134,000. Bronfman E.L. Rothschild L.P. boosted its holdings in shares of Brunswick Corporation by 149.8% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,550 shares of the company’s stock valued at $160,000 after acquiring an additional 1,529 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Brunswick Corporation by 9.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,217 shares of the company’s stock valued at $202,000 after acquiring an additional 280 shares during the period. Advisor Group Inc. boosted its holdings in shares of Brunswick Corporation by 2.7% in the second quarter. Advisor Group Inc. now owns 3,306 shares of the company’s stock valued at $202,000 after acquiring an additional 87 shares during the period. Finally, Pitcairn Co. acquired a new stake in shares of Brunswick Corporation in the second quarter valued at approximately $213,000. 93.99% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have recently weighed in on BC shares. Royal Bank Of Canada reissued a “buy” rating and issued a $65.00 price objective on shares of Brunswick Corporation in a report on Sunday, June 11th. BidaskClub raised Brunswick Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Zacks Investment Research raised Brunswick Corporation from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a report on Thursday, June 29th. Northcoast Research downgraded Brunswick Corporation from a “buy” rating to a “neutral” rating in a report on Monday, July 10th. They noted that the move was a valuation call. Finally, BMO Capital Markets reissued a “buy” rating and issued a $72.00 price objective on shares of Brunswick Corporation in a report on Thursday, July 13th. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company. Brunswick Corporation currently has a consensus rating of “Buy” and an average price target of $65.93.
In related news, Chairman Mark D. Schwabero sold 2,738 shares of the business’s stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $63.72, for a total transaction of $174,465.36. Following the completion of the transaction, the chairman now owns 219,783 shares in the company, valued at approximately $14,004,572.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Mark D. Schwabero sold 3,289 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $63.73, for a total value of $209,607.97. Following the transaction, the chairman now owns 219,799 shares of the company’s stock, valued at approximately $14,007,790.27. The disclosure for this sale can be found here. Insiders have sold a total of 35,579 shares of company stock valued at $2,267,718 in the last 90 days. Insiders own 1.00% of the company’s stock.
Shares of Brunswick Corporation (NYSE:BC) opened at 55.03 on Tuesday. The stock has a market cap of $4.88 billion, a PE ratio of 17.46 and a beta of 1.82. The stock’s 50 day moving average price is $53.64 and its 200 day moving average price is $57.82. Brunswick Corporation has a 1-year low of $42.02 and a 1-year high of $63.82.
Brunswick Corporation (NYSE:BC) last released its quarterly earnings data on Thursday, July 27th. The company reported $1.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.02. Brunswick Corporation had a return on equity of 23.35% and a net margin of 6.13%. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the previous year, the firm posted $1.17 EPS. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. On average, equities research analysts anticipate that Brunswick Corporation will post $4.05 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Tuesday, August 22nd were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Friday, August 18th. This represents a $0.66 dividend on an annualized basis and a yield of 1.21%. Brunswick Corporation’s dividend payout ratio is currently 20.95%.
Brunswick Corporation Company Profile
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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