Century Capital Management LLC Has $3.28 Million Position in Brunswick Corporation (BC)
Century Capital Management LLC lowered its stake in shares of Brunswick Corporation (NYSE:BC) by 4.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,264 shares of the company’s stock after selling 2,509 shares during the quarter. Century Capital Management LLC owned approximately 0.06% of Brunswick Corporation worth $3,279,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the stock. Wells Fargo & Company MN raised its stake in Brunswick Corporation by 11.1% during the 2nd quarter. Wells Fargo & Company MN now owns 1,030,084 shares of the company’s stock valued at $64,616,000 after acquiring an additional 102,703 shares in 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 company’s stock valued at $122,367,000 after acquiring an additional 284,300 shares in the last quarter. Exencial Wealth Advisors LLC raised its stake in Brunswick Corporation by 1.7% during the 2nd quarter. Exencial Wealth Advisors LLC now owns 53,476 shares of the company’s stock valued at $3,355,000 after acquiring an additional 897 shares in the last quarter. Sheaff Brock Investment Advisors LLC raised its stake in Brunswick Corporation by 5.2% during the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 14,286 shares of the company’s stock valued at $896,000 after acquiring an additional 712 shares in the last quarter. Finally, LSV Asset Management raised its stake in Brunswick Corporation by 30.4% during the 2nd quarter. LSV Asset Management now owns 311,090 shares of the company’s stock valued at $19,514,000 after acquiring an additional 72,600 shares in the last quarter. Institutional investors and hedge funds own 94.04% of the company’s stock.
In other Brunswick Corporation news, Chairman Mark D. Schwabero sold 3,289 shares of the stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $63.73, for a total value of $209,607.97. Following the transaction, the chairman now directly owns 219,799 shares in the company, valued at approximately $14,007,790.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Mark D. Schwabero sold 29,552 shares of the stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $63.74, for a total value of $1,883,644.48. The disclosure for this sale can be found here. Insiders sold a total of 51,439 shares of company stock worth $3,258,968 over the last quarter. Corporate insiders own 1.00% of the company’s stock.
Brunswick Corporation (NYSE:BC) traded down 1.73% during mid-day trading on Friday, hitting $52.39. The stock had a trading volume of 2,035,050 shares. The stock has a 50 day moving average of $54.70 and a 200-day moving average of $58.22. The firm has a market cap of $4.65 billion, a P/E ratio of 16.62 and a beta of 1.82. Brunswick Corporation has a 1-year low of $42.02 and a 1-year high of $63.82.
Brunswick Corporation (NYSE:BC) last announced its quarterly earnings data on Thursday, July 27th. The company reported $1.35 EPS for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.02. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. Brunswick Corporation had a return on equity of 23.35% and a net margin of 6.13%. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period last year, the company earned $1.17 EPS. Analysts predict that Brunswick Corporation will post $4.05 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Tuesday, August 22nd will be given a $0.165 dividend. The ex-dividend date of this dividend is Friday, August 18th. This represents a $0.66 dividend on an annualized basis and a yield of 1.26%. Brunswick Corporation’s payout ratio is 20.95%.
Several analysts have weighed in on BC shares. BidaskClub raised Brunswick Corporation from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 6th. Northcoast Research downgraded Brunswick Corporation from a “buy” rating to a “neutral” rating in a research note on Monday, July 10th. They noted that the move was a valuation call. BMO Capital Markets cut their target price on Brunswick Corporation from $72.00 to $68.00 and set an “outperform” rating on the stock in a research note on Friday, July 28th. Aegis reaffirmed a “buy” rating and set a $73.00 target price on shares of Brunswick Corporation in a research note on Thursday, August 17th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $56.00 target price on shares of Brunswick Corporation in a research note on Friday, July 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $65.93.
Brunswick Corporation 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.
Receive News & Ratings for Brunswick Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brunswick Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.