ZPR Investment Management Buys 9,030 Shares of Brunswick Corporation (BC)
ZPR Investment Management lifted its stake in Brunswick Corporation (NYSE:BC) by 74.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,170 shares of the company’s stock after purchasing an additional 9,030 shares during the period. Brunswick Corporation comprises about 2.0% of ZPR Investment Management’s holdings, making the stock its 19th largest holding. ZPR Investment Management’s holdings in Brunswick Corporation were worth $1,328,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently added to or reduced their stakes in the company. Bank of America Corp DE raised its stake in Brunswick Corporation by 12.8% in the first quarter. Bank of America Corp DE now owns 539,889 shares of the company’s stock valued at $33,042,000 after buying an additional 61,160 shares in the last quarter. Eagle Asset Management Inc. raised its stake in Brunswick Corporation by 27.0% in the second quarter. Eagle Asset Management Inc. now owns 628,565 shares of the company’s stock valued at $39,429,000 after buying an additional 133,452 shares in the last quarter. TimesSquare Capital Management LLC raised its stake in Brunswick Corporation by 17.1% in the second quarter. TimesSquare Capital Management LLC now owns 1,950,700 shares of the company’s stock valued at $122,367,000 after buying an additional 284,300 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Brunswick Corporation by 7.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 509,208 shares of the company’s stock valued at $31,943,000 after buying an additional 35,081 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in Brunswick Corporation by 2.8% in the first quarter. Principal Financial Group Inc. now owns 375,750 shares of the company’s stock valued at $22,997,000 after buying an additional 10,324 shares in the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.
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A number of research firms have weighed in on BC. B. Riley restated a “buy” rating and issued a $70.00 price target on shares of Brunswick Corporation in a research note on Wednesday, August 2nd. ValuEngine upgraded Brunswick Corporation from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Royal Bank Of Canada restated a “buy” rating on shares of Brunswick Corporation in a research note on Tuesday, October 3rd. Zacks Investment Research cut 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 note on Friday, August 11th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $65.54.
Brunswick Corporation (NYSE BC) traded down 0.373% during mid-day trading on Monday, hitting $57.365. The stock had a trading volume of 194,298 shares. The stock has a market cap of $5.09 billion, a P/E ratio of 18.200 and a beta of 1.85. The company has a 50 day moving average price of $53.91 and a 200 day moving average price of $57.43. Brunswick Corporation has a one year low of $42.02 and a one 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 for the quarter, topping the consensus estimate 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 net margin of 6.13% and a return on equity of 23.35%. Brunswick Corporation’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.17 earnings per share. On average, equities analysts anticipate that Brunswick Corporation will post $4.05 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Tuesday, August 22nd were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Friday, August 18th. This represents a $0.66 annualized dividend and a yield of 1.15%. Brunswick Corporation’s dividend payout ratio (DPR) is 20.95%.
In related news, Chairman Mark D. Schwabero sold 2,738 shares of the stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $63.72, for a total transaction of $174,465.36. Following the sale, the chairman now owns 219,783 shares in the company, valued at $14,004,572.76. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.00% of the stock is owned by corporate insiders.
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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