Advantus Capital Management Inc maintained its stake in shares of Brunswick Corporation (NYSE:BC) during the third quarter, Holdings Channel reports. The firm owned 10,976 shares of the company’s stock at the end of the third quarter. Advantus Capital Management Inc’s holdings in Brunswick Corporation were worth $535,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in BC. New England Research & Management Inc. purchased a new position in Brunswick Corporation during the third quarter valued at about $268,000. Quantitative Systematic Strategies LLC boosted its position in Brunswick Corporation by 15.7% in the second quarter. Quantitative Systematic Strategies LLC now owns 6,282 shares of the company’s stock valued at $280,000 after buying an additional 853 shares in the last quarter. LS Investment Advisors LLC boosted its position in Brunswick Corporation by 5.6% in the third quarter. LS Investment Advisors LLC now owns 5,843 shares of the company’s stock valued at $285,000 after buying an additional 311 shares in the last quarter. World Asset Management Inc boosted its position in Brunswick Corporation by 32.4% in the third quarter. World Asset Management Inc now owns 5,880 shares of the company’s stock valued at $287,000 after buying an additional 1,439 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Brunswick Corporation by 5.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,437 shares of the company’s stock valued at $314,000 after buying an additional 342 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.
Brunswick Corporation (NYSE:BC) traded up 0.48% during mid-day trading on Friday, hitting $60.18. 611,204 shares of the stock traded hands. Brunswick Corporation has a 12-month low of $39.55 and a 12-month high of $61.07. The firm has a market cap of $5.44 billion, a PE ratio of 20.08 and a beta of 1.95. The stock has a 50 day moving average price of $56.98 and a 200 day moving average price of $50.46.
Brunswick Corporation (NYSE:BC) last issued its quarterly earnings data on Thursday, January 26th. The company reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.02. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.11 billion. Brunswick Corporation had a net margin of 6.15% and a return on equity of 23.22%. Brunswick Corporation’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period last year, the firm posted $0.52 EPS. On average, analysts expect that Brunswick Corporation will post $4.01 earnings per share for the current fiscal year.
Several research analysts recently issued reports on the stock. Imperial Capital increased their price target on shares of Brunswick Corporation from $60.00 to $70.00 and gave the stock an “outperform” rating in a report on Tuesday, January 31st. B. Riley reissued a “buy” rating and set a $72.00 price target on shares of Brunswick Corporation in a report on Monday, January 30th. Zacks Investment Research raised shares of Brunswick Corporation from a “sell” rating to a “hold” rating in a report on Friday, January 27th. RBC Capital Markets set a $65.00 price target on shares of Brunswick Corporation and gave the stock an “outperform” rating in a report on Friday, January 27th. Finally, Royal Bank Of Canada increased their price target on shares of Brunswick Corporation from $57.00 to $65.00 and gave the stock an “outperform” rating in a report on Friday, January 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $63.08.
In other Brunswick Corporation news, VP Christopher F. Dekker sold 1,645 shares of the business’s stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $60.33, for a total transaction of $99,242.85. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider John C. Pfeifer sold 2,878 shares of the business’s stock in a transaction dated Wednesday, February 8th. The stock was sold at an average price of $59.63, for a total transaction of $171,615.14. Following the sale, the insider now owns 40,514 shares in the company, valued at $2,415,849.82. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,716 shares of company stock worth $1,325,513. 2.50% of the stock is currently owned by insiders.
About Brunswick Corporation
Brunswick Corporation (Brunswick) is a designer, manufacturer and marketer of recreation products, including marine engines, boats, fitness and active recreation products. The Company operates in three segments, which include Marine Engine, Boat and Fitness. The Marine Engine segment manufactures and markets a range of outboard engines, sterndrive engines, inboard engines and marine parts and accessories, which are principally sold directly to boat builders, including Brunswick’s Boat segment, or through marine retail dealers and distributors across the world.
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