BB&T Securities LLC lessened its stake in Brunswick Co. (NYSE:BC) by 23.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,816 shares of the company’s stock after selling 1,163 shares during the quarter. BB&T Securities LLC’s holdings in Brunswick were worth $213,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Aspen Investment Management Inc increased its holdings in shares of Brunswick by 0.9% in the 2nd quarter. Aspen Investment Management Inc now owns 5,420 shares of the company’s stock valued at $340,000 after purchasing an additional 50 shares in the last quarter. Advisor Group Inc. increased its holdings in Brunswick by 2.7% during the 2nd quarter. Advisor Group Inc. now owns 3,306 shares of the company’s stock valued at $202,000 after acquiring an additional 87 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in Brunswick by 1.4% during the 2nd quarter. Teacher Retirement System of Texas now owns 7,180 shares of the company’s stock valued at $450,000 after acquiring an additional 98 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in Brunswick by 2.4% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 4,536 shares of the company’s stock valued at $285,000 after acquiring an additional 106 shares in the last quarter. Finally, HighTower Advisors LLC increased its holdings in Brunswick by 1.5% during the 2nd quarter. HighTower Advisors LLC now owns 8,107 shares of the company’s stock valued at $509,000 after acquiring an additional 122 shares in the last quarter. Institutional investors and hedge funds own 92.66% of the company’s stock.

Several equities analysts have weighed in on BC shares. Royal Bank of Canada restated a “buy” rating on shares of Brunswick in a report on Tuesday, October 3rd. ValuEngine upgraded shares of Brunswick from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Robert W. Baird restated a “buy” rating and set a $68.00 target price on shares of Brunswick in a report on Friday, September 8th. Stifel Nicolaus restated a “buy” rating and set a $68.00 target price on shares of Brunswick in a report on Thursday, September 7th. Finally, Forward View upgraded shares of Brunswick from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a report on Sunday, September 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $62.86.

Shares of Brunswick Co. (BC) opened at $54.97 on Wednesday. Brunswick Co. has a 12 month low of $48.04 and a 12 month high of $63.82. The stock has a market cap of $4,893.97, a PE ratio of 14.80, a price-to-earnings-growth ratio of 0.89 and a beta of 1.90. The company has a current ratio of 1.81, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28.

Brunswick (NYSE:BC) last released its quarterly earnings results on Thursday, October 26th. The company reported $0.91 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by ($0.09). Brunswick had a return on equity of 22.71% and a net margin of 5.93%. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the business earned $0.91 earnings per share. Brunswick’s revenue for the quarter was up 4.4% on a year-over-year basis. sell-side analysts predict that Brunswick Co. will post 3.85 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, November 21st will be paid a dividend of $0.19 per share. This is a boost from Brunswick’s previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend is Monday, November 20th. Brunswick’s dividend payout ratio (DPR) is currently 24.52%.

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Brunswick 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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Institutional Ownership by Quarter for Brunswick (NYSE:BC)

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