National Asset Management Inc. lifted its position in Brunswick Co. (NYSE:BC) by 7.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,819 shares of the company’s stock after acquiring an additional 195 shares during the period. National Asset Management Inc.’s holdings in Brunswick were worth $281,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Globeflex Capital L P raised its holdings in Brunswick by 6.3% during the 1st quarter. Globeflex Capital L P now owns 1,958 shares of the company’s stock worth $187,000 after buying an additional 116 shares during the period. Personal CFO Solutions LLC raised its holdings in Brunswick by 3.5% during the 2nd quarter. Personal CFO Solutions LLC now owns 3,522 shares of the company’s stock worth $351,000 after buying an additional 118 shares during the period. Mercer Global Advisors Inc. ADV raised its holdings in Brunswick by 3.5% during the 1st quarter. Mercer Global Advisors Inc. ADV now owns 3,870 shares of the company’s stock worth $369,000 after buying an additional 131 shares during the period. Bank of Montreal Can raised its holdings in Brunswick by 3.4% during the 1st quarter. Bank of Montreal Can now owns 6,703 shares of the company’s stock worth $661,000 after buying an additional 221 shares during the period. Finally, AlphaCrest Capital Management LLC raised its holdings in Brunswick by 3.6% during the 1st quarter. AlphaCrest Capital Management LLC now owns 6,852 shares of the company’s stock worth $653,000 after buying an additional 240 shares during the period. Institutional investors and hedge funds own 92.73% of the company’s stock.
BC has been the subject of several research reports. JPMorgan Chase & Co. raised their price target on shares of Brunswick from $106.00 to $113.00 and gave the stock an “overweight” rating in a research note on Friday, June 18th. Robert W. Baird reaffirmed a “buy” rating on shares of Brunswick in a research note on Sunday, August 1st. Raymond James raised their price target on shares of Brunswick from $122.00 to $124.00 and gave the stock an “outperform” rating in a research note on Friday, July 30th. Truist Securities decreased their price target on shares of Brunswick from $125.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, June 17th. Finally, BNP Paribas began coverage on shares of Brunswick in a research note on Monday, June 14th. They set an “outperform” rating and a $125.00 price target for the company. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $117.20.
Brunswick (NYSE:BC) last posted its quarterly earnings results on Wednesday, July 28th. The company reported $2.52 EPS for the quarter, beating the Zacks’ consensus estimate of $2.15 by $0.37. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.49 billion. Brunswick had a return on equity of 38.99% and a net margin of 10.81%. On average, equities research analysts predict that Brunswick Co. will post 8.05 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 15th. Shareholders of record on Tuesday, August 24th were given a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Monday, August 23rd. Brunswick’s dividend payout ratio is presently 26.43%.
In other Brunswick news, VP Brenna Preisser sold 1,000 shares of Brunswick stock in a transaction dated Tuesday, August 17th. The stock was sold at an average price of $102.75, for a total value of $102,750.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.44% of the company’s stock.
Brunswick Company Profile
Brunswick Corp. engages in the design, manufacture, and marketing of recreational marine products including marine engines, boats, and parts and accessories for those products. It operates through the following segments: Propulsion, Parts & Accessories and Boat. The Propulsion segment manufactures and markets a full range of outboard, sterndrive, and inboard engines, as well as propulsion-related controls, propellers, and rigging parts and accessories.
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