Signaturefd LLC Purchases 1,000 Shares of Brunswick Co. (NYSE:BC)

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Signaturefd LLC boosted its stake in shares of Brunswick Co. (NYSE:BC) by 95.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,049 shares of the company’s stock after acquiring an additional 1,000 shares during the quarter. Signaturefd LLC’s holdings in Brunswick were worth $94,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Municipal Employees Retirement System of Michigan lifted its holdings in Brunswick by 1.8% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 16,090 shares of the company’s stock worth $738,000 after buying an additional 280 shares during the period. Aperio Group LLC lifted its stake in shares of Brunswick by 20.1% in the 2nd quarter. Aperio Group LLC now owns 16,144 shares of the company’s stock valued at $741,000 after purchasing an additional 2,698 shares during the period. Mesirow Financial Investment Management Equity Management lifted its stake in shares of Brunswick by 13.5% in the 2nd quarter. Mesirow Financial Investment Management Equity Management now owns 148,485 shares of the company’s stock valued at $6,814,000 after purchasing an additional 17,675 shares during the period. First Trust Advisors LP purchased a new position in shares of Brunswick in the 2nd quarter valued at approximately $4,029,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Brunswick by 185.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,614 shares of the company’s stock valued at $762,000 after purchasing an additional 10,799 shares during the period. Institutional investors own 96.64% of the company’s stock.

BC stock traded up $0.08 on Friday, reaching $49.46. 765,961 shares of the company traded hands, compared to its average volume of 928,583. Brunswick Co. has a one year low of $41.02 and a one year high of $69.82. 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 market cap of $4.23 billion, a P/E ratio of 10.37, a price-to-earnings-growth ratio of 1.17 and a beta of 1.70. The firm has a fifty day simple moving average of $46.26 and a 200-day simple moving average of $48.27.

Brunswick (NYSE:BC) last posted its quarterly earnings data on Thursday, July 25th. The company reported $1.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.39 by $0.06. Brunswick had a return on equity of 26.56% and a net margin of 3.10%. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same quarter last year, the company earned $1.50 EPS. The firm’s revenue for the quarter was down 16.9% on a year-over-year basis. On average, sell-side analysts forecast that Brunswick Co. will post 4.23 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Tuesday, August 20th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend is Monday, August 19th. Brunswick’s dividend payout ratio (DPR) is presently 17.61%.

A number of research firms have recently commented on BC. Citigroup lowered their target price on Brunswick from $63.00 to $57.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. BMO Capital Markets lowered their target price on Brunswick to $63.00 and set an “outperform” rating for the company in a research note on Thursday, August 22nd. Northcoast Research cut Brunswick from a “buy” rating to a “neutral” rating and set a $45.31 target price for the company. in a research note on Thursday, June 27th. Jefferies Financial Group upgraded Brunswick from a “hold” rating to a “buy” rating and raised their target price for the company from $52.00 to $60.00 in a research note on Wednesday. Finally, Wells Fargo & Co lowered their target price on Brunswick from $64.00 to $55.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company. Brunswick presently has an average rating of “Buy” and a consensus price target of $58.88.

Brunswick 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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