Fernwood Investment Management LLC trimmed its stake in shares of Brunswick Co. (NYSE:BC) by 8.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,825 shares of the company’s stock after selling 1,300 shares during the quarter. Fernwood Investment Management LLC’s holdings in Brunswick were worth $634,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. FNY Investment Advisers LLC purchased a new stake in shares of Brunswick in the 1st quarter valued at $25,000. Signaturefd LLC grew its position in Brunswick by 121.3% during the first quarter. Signaturefd LLC now owns 1,049 shares of the company’s stock worth $53,000 after buying an additional 575 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in Brunswick during the second quarter worth about $66,000. AdvisorNet Financial Inc grew its position in Brunswick by 63.4% during the second quarter. AdvisorNet Financial Inc now owns 1,546 shares of the company’s stock worth $71,000 after buying an additional 600 shares in the last quarter. Finally, Rehmann Capital Advisory Group grew its position in Brunswick by 25.7% during the first quarter. Rehmann Capital Advisory Group now owns 2,722 shares of the company’s stock worth $137,000 after buying an additional 556 shares in the last quarter. Institutional investors own 96.65% of the company’s stock.

BC traded down $1.16 during trading on Thursday, hitting $43.14. 36,662 shares of the stock traded hands, compared to its average volume of 1,597,733. The company has a market cap of $3.99 billion, a price-to-earnings ratio of 9.10, a P/E/G ratio of 1.10 and a beta of 1.70. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.98 and a quick ratio of 1.19. The company has a 50-day moving average price of $46.31. Brunswick Co. has a 12-month low of $41.02 and a 12-month high of $69.82.

Brunswick (NYSE:BC) last announced its quarterly earnings results on Thursday, July 25th. The company reported $1.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.39 by $0.06. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Brunswick had a net margin of 3.10% and a return on equity of 26.56%. The firm’s revenue for the quarter was down 16.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.50 EPS. As a group, equities research analysts expect that Brunswick Co. will post 4.22 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Tuesday, August 20th will be given a dividend of $0.21 per share. The ex-dividend date is Monday, August 19th. This represents a $0.84 annualized dividend and a yield of 1.95%. Brunswick’s payout ratio is currently 17.61%.

A number of brokerages have weighed in on BC. B. Riley set a $71.00 target price on shares of Brunswick and gave the company a “buy” rating in a research report on Friday, June 28th. Northcoast Research cut shares of Brunswick from a “buy” rating to a “neutral” rating and set a $45.31 price objective for the company. in a research note on Thursday, June 27th. JPMorgan Chase & Co. cut shares of Brunswick from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $61.00 to $46.00 in a research note on Monday, July 22nd. Citigroup dropped their price target on shares of Brunswick from $63.00 to $57.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Finally, Zacks Investment Research cut shares of Brunswick from a “hold” rating to a “sell” rating in a research report on Tuesday, July 30th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. Brunswick has a consensus rating of “Hold” and a consensus target price of $58.19.

Brunswick Company Profile

Brunswick Corporation designs, manufactures, and markets recreation products worldwide. The company's Marine Engine segment offers outboard, sterndrive, and inboard engine and propulsion systems; marine electronics and control integration systems, steering systems, instruments, controls, propellers, trolling motors, fuel systems, electrical systems, service parts, and lubricants; and integrated propulsion systems to the recreational and commercial marine markets, as well as parts and accessories.

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Institutional Ownership by Quarter for Brunswick (NYSE:BC)

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