The Rice Hall James & Associates LLC Sold shares of Brunswick Corp. (BC)

The Rice Hall James & Associates LLC Sold shares of Brunswick Corp. (BC)

Rice Hall James & Associates LLC lowered its position in Brunswick Corp. (NYSE:BC) by 3.3% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 50,697 shares of the company’s stock after selling 1,746 shares during the period. Rice Hall James & Associates LLC’s holdings in Brunswick Corp. were worth $2,298,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of BC. Capstone Asset Management Co. raised its position in Brunswick Corp. by 2.6% in the second quarter. Capstone Asset Management Co. now owns 7,202 shares of the company’s stock worth $326,000 after buying an additional 180 shares in the last quarter. Aperio Group LLC raised its position in Brunswick Corp. by 1.7% in the first quarter. Aperio Group LLC now owns 12,216 shares of the company’s stock worth $586,000 after buying an additional 210 shares in the last quarter. Oakbrook Investments LLC raised its position in Brunswick Corp. by 11.1% in the second quarter. Oakbrook Investments LLC now owns 9,000 shares of the company’s stock worth $408,000 after buying an additional 900 shares in the last quarter. Arizona State Retirement System raised its position in Brunswick Corp. by 2.9% in the first quarter. Arizona State Retirement System now owns 46,350 shares of the company’s stock worth $2,224,000 after buying an additional 1,300 shares in the last quarter. Finally, Nisa Investment Advisors L.L.C. raised its position in Brunswick Corp. by 5.2% in the first quarter. Nisa Investment Advisors L.L.C. now owns 28,200 shares of the company’s stock worth $1,353,000 after buying an additional 1,400 shares in the last quarter. Hedge funds and other institutional investors own 95.26% of the company’s stock.

Shares of Brunswick Corp. (NYSE:BC) traded down 1.99% on Friday, reaching $48.39. 765,454 shares of the company traded hands. Brunswick Corp. has a 52-week low of $36.05 and a 52-week high of $55.65. The stock has a 50 day moving average of $47.23 and a 200 day moving average of $47.60. The stock has a market cap of $4.37 billion, a price-to-earnings ratio of 18.83 and a beta of 1.98.

Brunswick Corp. (NYSE:BC) last released its quarterly earnings results on Thursday, July 28th. The company reported $1.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.18 by $0.01. The company earned $1.24 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Brunswick Corp. had a net margin of 5.58% and a return on equity of 22.51%. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.05 earnings per share. On average, analysts expect that Brunswick Corp. will post $3.48 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Tuesday, August 23rd were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.24%. The ex-dividend date was Friday, August 19th. Brunswick Corp.’s dividend payout ratio (DPR) is presently 23.26%.

A number of equities research analysts have issued reports on the stock. B. Riley reiterated a “buy” rating and issued a $65.00 target price on shares of Brunswick Corp. in a research report on Friday, July 29th. Off Wall Street assumed coverage on shares of Brunswick Corp. in a research report on Monday, July 18th. They issued a “sell” rating for the company. Imperial Capital assumed coverage on shares of Brunswick Corp. in a research report on Tuesday, September 27th. They issued an “outperform” rating and a $60.00 target price for the company. Zacks Investment Research upgraded shares of Brunswick Corp. from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research report on Tuesday, August 2nd. Finally, Wedbush reiterated an “outperform” rating and issued a $60.00 target price on shares of Brunswick Corp. in a research report on Tuesday, June 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $56.42.

In other news, CFO William Metzger sold 19,051 shares of the company’s stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $49.52, for a total value of $943,405.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.50% of the stock is currently owned by insiders.

About Brunswick Corp.

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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