Thrivent Financial For Lutherans decreased its holdings in shares of Brunswick Corporation (NYSE:BC) by 9.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 248,689 shares of the company’s stock after selling 26,140 shares during the quarter. Thrivent Financial For Lutherans owned about 0.28% of Brunswick Corporation worth $15,601,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of BC. Advisors Asset Management Inc. bought a new position in Brunswick Corporation during the 2nd quarter worth approximately $134,000. Bronfman E.L. Rothschild L.P. boosted its stake in Brunswick Corporation by 149.8% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,550 shares of the company’s stock worth $160,000 after acquiring an additional 1,529 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Brunswick Corporation by 9.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,217 shares of the company’s stock worth $202,000 after acquiring an additional 280 shares during the last quarter. Venturi Wealth Management LLC bought a new position in Brunswick Corporation during the 1st quarter worth approximately $207,000. Finally, Pitcairn Co. bought a new position in Brunswick Corporation during the 2nd quarter worth approximately $213,000. Institutional investors own 93.99% of the company’s stock.
Brunswick Corporation (NYSE:BC) last released its earnings results on Thursday, July 27th. The company reported $1.35 EPS for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.02. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Brunswick Corporation had a return on equity of 23.35% and a net margin of 6.13%. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.17 EPS.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Tuesday, August 22nd were paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend was Friday, August 18th. Brunswick Corporation’s payout ratio is 20.95%.
A number of brokerages have weighed in on BC. BidaskClub lowered shares of Brunswick Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, August 11th. B. Riley reaffirmed a “buy” rating and issued a $70.00 price target on shares of Brunswick Corporation in a research note on Wednesday, August 2nd. BMO Capital Markets cut their price target on shares of Brunswick Corporation from $72.00 to $68.00 and set an “outperform” rating on the stock in a research note on Friday, July 28th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $65.00 price target on shares of Brunswick Corporation in a research note on Sunday, June 11th. Finally, Forward View raised shares of Brunswick Corporation from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Sunday, September 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company’s stock. Brunswick Corporation has a consensus rating of “Buy” and a consensus target price of $65.93.
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In related news, Chairman Mark D. Schwabero sold 2,738 shares of Brunswick Corporation stock in a transaction dated 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 sale, the chairman now owns 219,783 shares of the company’s stock, valued at approximately $14,004,572.76. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Mark D. Schwabero sold 3,289 shares of Brunswick Corporation stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $63.73, for a total value of $209,607.97. Following the completion of the sale, the chairman now directly owns 219,799 shares of the company’s stock, valued at approximately $14,007,790.27. The disclosure for this sale can be found here. Insiders have sold a total of 50,880 shares of company stock worth $3,224,030 over the last quarter. Company insiders own 1.00% of the company’s stock.
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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