Brunswick Co. (NYSE:BC) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC lifted its position in shares of Brunswick Co. (NYSE:BC) by 6.3% during the third quarter, HoldingsChannel reports. The firm owned 9,865 shares of the company’s stock after purchasing an additional 582 shares during the quarter. SG Americas Securities LLC’s holdings in Brunswick were worth $827,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Brunswick by 2.3% in the first quarter. Vanguard Group Inc. now owns 7,266,170 shares of the company’s stock valued at $701,331,000 after acquiring an additional 160,531 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Brunswick by 2.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,637,962 shares of the company’s stock worth $191,964,000 after acquiring an additional 58,583 shares during the last quarter. Baillie Gifford & Co. grew its position in shares of Brunswick by 88.0% during the second quarter. Baillie Gifford & Co. now owns 2,430,983 shares of the company’s stock worth $176,903,000 after acquiring an additional 1,137,568 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Brunswick by 7.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,096,808 shares of the company’s stock worth $152,577,000 after acquiring an additional 144,416 shares during the last quarter. Finally, American Century Companies Inc. grew its position in shares of Brunswick by 4.1% during the second quarter. American Century Companies Inc. now owns 1,461,268 shares of the company’s stock worth $106,337,000 after acquiring an additional 57,605 shares during the last quarter. 99.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on BC. Robert W. Baird reduced their price objective on shares of Brunswick from $95.00 to $93.00 and set an “outperform” rating for the company in a report on Friday, July 26th. Citigroup upped their price objective on shares of Brunswick from $92.00 to $101.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Stifel Nicolaus reduced their price objective on shares of Brunswick from $97.00 to $95.00 and set a “buy” rating for the company in a report on Friday, July 12th. Benchmark reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Brunswick in a report on Friday, July 26th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $94.00 price objective on shares of Brunswick in a report on Thursday, July 25th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $89.23.

Insider Activity

In other news, Director Nancy E. Cooper sold 358 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $81.34, for a total value of $29,119.72. Following the transaction, the director now owns 23,877 shares in the company, valued at $1,942,155.18. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.81% of the stock is owned by corporate insiders.

Brunswick Price Performance

BC stock opened at $82.49 on Friday. The company has a current ratio of 1.70, a quick ratio of 0.75 and a debt-to-equity ratio of 1.18. Brunswick Co. has a one year low of $66.47 and a one year high of $99.68. The firm has a market capitalization of $5.57 billion, a PE ratio of 15.33 and a beta of 1.51. The firm has a 50-day moving average of $79.01 and a two-hundred day moving average of $79.99.

Brunswick (NYSE:BC) last posted its quarterly earnings data on Thursday, July 25th. The company reported $1.80 EPS for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.10). Brunswick had a net margin of 5.92% and a return on equity of 23.46%. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same period in the prior year, the company posted $2.35 earnings per share. Brunswick’s quarterly revenue was down 15.2% compared to the same quarter last year. On average, analysts forecast that Brunswick Co. will post 5.26 earnings per share for the current year.

Brunswick Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Wednesday, August 21st were paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend was Wednesday, August 21st. Brunswick’s dividend payout ratio is presently 31.23%.

Brunswick Profile

Brunswick Corporation designs, manufactures, and markets recreation products in the United States, Europe, the Asia-Pacific, Canada, and internationally. It operates through four segments: Propulsion, Engine P&A, Navico Group, and Boat. The Propulsion segment provides outboard, sterndrive, inboard engines, propulsion-related controls, rigging, and propellers for boat builders through marine retail dealers under the Mercury, Mercury MerCruiser, Mariner, Mercury Racing, Mercury Diesel, Avator, and Fliteboard brands.