13,090 Shares in Brunswick Corporation (BC) Purchased by Horizon Investment Services LLC
Horizon Investment Services LLC acquired a new stake in Brunswick Corporation (NYSE:BC) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 13,090 shares of the company’s stock, valued at approximately $821,000.
Several other institutional investors have also bought and sold shares of the company. Boston Partners raised its position in shares of Brunswick Corporation by 3.8% during the 2nd quarter. Boston Partners now owns 9,306,042 shares of the company’s stock worth $583,768,000 after purchasing an additional 338,212 shares during the last quarter. BlackRock Inc. lifted its stake in Brunswick Corporation by 0.9% in the 2nd quarter. BlackRock Inc. now owns 7,553,692 shares of the company’s stock valued at $473,842,000 after buying an additional 65,605 shares in the last quarter. Vanguard Group Inc. lifted its stake in Brunswick Corporation by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 7,234,542 shares of the company’s stock valued at $453,822,000 after buying an additional 76,262 shares in the last quarter. TimesSquare Capital Management LLC boosted its holdings in Brunswick Corporation by 17.1% in the 2nd quarter. TimesSquare Capital Management LLC now owns 1,950,700 shares of the company’s stock worth $122,367,000 after buying an additional 284,300 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in Brunswick Corporation by 22.5% in the 1st quarter. AQR Capital Management LLC now owns 1,702,518 shares of the company’s stock worth $104,194,000 after buying an additional 313,120 shares during the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.
Shares of Brunswick Corporation (BC) traded up 0.339% on Wednesday, hitting $57.795. 209,083 shares of the stock traded hands. Brunswick Corporation has a 12 month low of $42.02 and a 12 month high of $63.82. The firm’s 50 day moving average is $53.61 and its 200-day moving average is $57.45. The company has a market cap of $5.13 billion, a PE ratio of 18.336 and a beta of 1.85.
Brunswick Corporation (NYSE:BC) last posted its earnings results on Thursday, July 27th. The company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.02. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. Brunswick Corporation had a return on equity of 23.35% and a net margin of 6.13%. Brunswick Corporation’s revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.17 EPS. Equities analysts predict that Brunswick Corporation will post $4.05 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Tuesday, August 22nd were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.15%. The ex-dividend date was Friday, August 18th. Brunswick Corporation’s payout ratio is 20.95%.
A number of brokerages have commented on BC. B. Riley reissued a “buy” rating and set a $70.00 target price on shares of Brunswick Corporation in a report on Wednesday, August 2nd. Royal Bank Of Canada restated a “buy” rating on shares of Brunswick Corporation in a research report on Tuesday. ValuEngine raised Brunswick Corporation from a “hold” rating to a “buy” rating in a research note on Monday. Zacks Investment Research lowered Brunswick Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Finally, BidaskClub cut Brunswick Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, August 11th. Two analysts have rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the stock. Brunswick Corporation has an average rating of “Buy” and an average target price of $65.93.
In other news, Chairman Mark D. Schwabero sold 2,738 shares of the business’s stock in a transaction on Friday, July 14th. The stock was sold at an average price of $63.72, for a total value of $174,465.36. Following the completion of the transaction, the chairman now directly owns 219,783 shares of the company’s stock, valued at $14,004,572.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.
Brunswick Corporation 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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