Pacer Advisors Inc. boosted its position in shares of Brunswick Corp. (NYSE:BC) by 11.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,556 shares of the company’s stock after buying an additional 848 shares during the period. Pacer Advisors Inc.’s holdings in Brunswick Corp. were worth $417,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Advisors Asset Management Inc. purchased a new position in shares of Brunswick Corp. during the second quarter worth $109,000. Advisor Group Inc. purchased a new position in shares of Brunswick Corp. during the second quarter worth $210,000. Virginia Retirement Systems ET AL purchased a new position in shares of Brunswick Corp. during the second quarter worth $231,000. Tower Research Capital LLC TRC boosted its position in shares of Brunswick Corp. by 1,163.7% in the second quarter. Tower Research Capital LLC TRC now owns 5,156 shares of the company’s stock worth $234,000 after buying an additional 4,748 shares during the last quarter. Finally, LS Investment Advisors LLC boosted its position in shares of Brunswick Corp. by 63.7% in the second quarter. LS Investment Advisors LLC now owns 5,532 shares of the company’s stock worth $251,000 after buying an additional 2,152 shares during the last quarter. Hedge funds and other institutional investors own 97.41% of the company’s stock.
Shares of Brunswick Corp. (NYSE:BC) traded down 1.65% during trading on Thursday, hitting $54.90. The stock had a trading volume of 648,905 shares. Brunswick Corp. has a one year low of $37.31 and a one year high of $57.05. The stock’s 50-day moving average price is $54.61 and its 200 day moving average price is $49.20. The stock has a market cap of $4.92 billion, a price-to-earnings ratio of 20.42 and a beta of 2.01.
Brunswick Corp. (NYSE:BC) last released its earnings results on Thursday, October 27th. The company reported $0.91 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by $0.01. Brunswick Corp. had a net margin of 5.67% and a return on equity of 22.74%. The company earned $1.09 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the business posted $0.77 EPS. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. On average, equities analysts forecast that Brunswick Corp. will post $3.47 EPS for the current year.
A number of research analysts have commented on the company. Stifel Nicolaus boosted their price objective on Brunswick Corp. from $60.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday. Zacks Investment Research cut Brunswick Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, January 3rd. CL King started coverage on Brunswick Corp. in a research note on Thursday, December 22nd. They set a “buy” rating and a $65.00 price objective on the stock. Wunderlich reiterated a “buy” rating and issued a $65.00 price target on shares of Brunswick Corp. in a research note on Wednesday, January 11th. Finally, Jefferies Group reiterated a “hold” rating on shares of Brunswick Corp. in a research note on Tuesday, January 3rd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the stock. Brunswick Corp. currently has a consensus rating of “Buy” and an average price target of $59.29.
In related news, insider John C. Pfeifer sold 19,193 shares of the stock in a transaction dated Tuesday, January 10th. The shares were sold at an average price of $54.95, for a total value of $1,054,655.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.50% of the stock is currently owned by company insiders.
Brunswick Corp. Company Profile
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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