The Manufacturers Life Insurance Company raised its stake in shares of Brunswick Corporation (NYSE:BC) by 1.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 131,144 shares of the companys stock after acquiring an additional 1,983 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.15% of Brunswick Corporation worth $8,227,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Boston Partners raised its stake in Brunswick Corporation by 3.8% during the 2nd quarter. Boston Partners now owns 9,306,042 shares of the companys stock valued at $583,768,000 after acquiring an additional 338,212 shares during the last quarter. BlackRock Inc. raised its stake in Brunswick Corporation by 0.9% during the 2nd quarter. BlackRock Inc. now owns 7,553,692 shares of the companys stock valued at $473,842,000 after acquiring an additional 65,605 shares during the last quarter. Vanguard Group Inc. raised its stake in Brunswick Corporation by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 7,234,542 shares of the companys stock valued at $453,822,000 after acquiring an additional 76,262 shares during the last quarter. TimesSquare Capital Management LLC raised its stake in Brunswick Corporation by 17.1% during the 2nd quarter. TimesSquare Capital Management LLC now owns 1,950,700 shares of the companys stock valued at $122,367,000 after acquiring an additional 284,300 shares during the last quarter. Finally, AJO LP raised its stake in Brunswick Corporation by 1,548.4% during the 2nd quarter. AJO LP now owns 1,538,793 shares of the companys stock valued at $96,528,000 after acquiring an additional 1,445,444 shares during the last quarter. 93.65% of the stock is owned by hedge funds and other institutional investors.
Brunswick Corporation (NYSE:BC) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.91 EPS for the quarter, missing analysts consensus estimates of $1.00 by ($0.09). The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.16 billion. Brunswick Corporation had a net margin of 5.93% and a return on equity of 22.71%. The businesss revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.91 EPS.
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 $0.19 dividend. The ex-dividend date is Monday, November 20th. This represents a $0.76 dividend on an annualized basis and a yield of 1.51%. This is a boost from Brunswick Corporations previous quarterly dividend of $0.17. Brunswick Corporations dividend payout ratio (DPR) is currently 21.29%.
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Several equities analysts have issued reports on BC shares. Forward View set a $60.00 target price on Brunswick Corporation and gave the stock a hold rating in a research report on Sunday, July 30th. BidaskClub cut Brunswick Corporation from a strong-buy rating to a buy rating in a research report on Monday, July 24th. Zacks Investment Research cut Brunswick Corporation from a hold rating to a sell rating in a research report on Monday, July 24th. Royal Bank Of Canada reiterated a buy rating and set a $65.00 target price on shares of Brunswick Corporation in a research report on Wednesday, July 12th. Finally, BMO Capital Markets dropped their target price on Brunswick Corporation from $68.00 to $62.00 and set an outperform rating on the stock in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the companys stock. The stock currently has a consensus rating of Buy and a consensus target price of $63.29.
Brunswick Corporation is a designer, manufacturer and marketer of recreation products. The Company operates through three segments: Marine Engine, Boat and Fitness. The Companys product includes marine engines, boats, fitness equipment and active recreation products. The Companys engine-related products include outboard, sterndrive and inboard engines; trolling motors; propellers; engine control systems; and marine parts and accessories.
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