Ferguson Wellman Capital Management Inc. Decreases Stake in Brunswick Corporation (BC)

Ferguson Wellman Capital Management Inc. decreased its stake in Brunswick Corporation (NYSE:BC) by 63.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,123 shares of the company’s stock after selling 16,157 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Brunswick Corporation were worth $572,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of BC. Teachers Advisors LLC boosted its position in shares of Brunswick Corporation by 25.4% in the fourth quarter. Teachers Advisors LLC now owns 104,179 shares of the company’s stock worth $5,682,000 after buying an additional 21,126 shares in the last quarter. Macquarie Group Ltd. boosted its stake in shares of Brunswick Corporation by 32.9% in the fourth quarter. Macquarie Group Ltd. now owns 683,839 shares of the company’s stock worth $37,297,000 after buying an additional 169,212 shares during the period. Copper Rock Capital Partners LLC boosted its stake in shares of Brunswick Corporation by 1.7% in the first quarter. Copper Rock Capital Partners LLC now owns 532,422 shares of the company’s stock worth $32,574,000 after buying an additional 9,018 shares during the period. Bank of Montreal Can boosted its stake in shares of Brunswick Corporation by 13.7% in the first quarter. Bank of Montreal Can now owns 58,948 shares of the company’s stock worth $3,607,000 after buying an additional 7,096 shares during the period. Finally, Capstone Asset Management Co. boosted its stake in shares of Brunswick Corporation by 3.8% in the first quarter. Capstone Asset Management Co. now owns 7,452 shares of the company’s stock worth $456,000 after buying an additional 270 shares during the period. 99.59% of the stock is owned by hedge funds and other institutional investors.

Brunswick Corporation (BC) traded up 1.37% during trading on Friday, reaching $54.78. 534,027 shares of the company’s stock were exchanged. The firm’s 50-day moving average price is $59.90 and its 200-day moving average price is $59.11. The firm has a market cap of $4.86 billion, a price-to-earnings ratio of 17.38 and a beta of 1.81. Brunswick Corporation has a 12 month low of $42.02 and a 12 month high of $63.82.

Brunswick Corporation (NYSE:BC) last issued its quarterly earnings results on Thursday, July 27th. The company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.02. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.17 earnings per share. On average, equities research analysts anticipate that Brunswick Corporation will post $4.05 EPS for the current year.

The business also recently declared 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. This represents a $0.66 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Friday, August 18th. Brunswick Corporation’s payout ratio is 20.95%.

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Several brokerages have recently issued reports on BC. Zacks Investment Research raised shares of Brunswick Corporation from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research note on Thursday, June 29th. BMO Capital Markets reduced their target price on shares of Brunswick Corporation from $72.00 to $68.00 and set an “outperform” rating on the stock in a research note on Friday, July 28th. Stifel Nicolaus reissued an “outperform” rating and set a $65.00 price objective (up previously from $64.00) on shares of Brunswick Corporation in a research note on Friday, April 14th. Forward View set a $60.00 price objective on shares of Brunswick Corporation and gave the stock a “hold” rating in a research note on Sunday, July 30th. Finally, BidaskClub lowered shares of Brunswick Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Brunswick Corporation currently has an average rating of “Buy” and a consensus price target of $65.82.

In related news, Chairman Mark D. Schwabero sold 2,738 shares of the stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $63.72, for a total transaction of $174,465.36. Following the completion of the transaction, the chairman now directly owns 219,783 shares of the company’s stock, valued at $14,004,572.76. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Mark D. Schwabero sold 3,289 shares of the stock in a transaction that occurred on Monday, July 3rd. The shares were 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 of the company’s stock, valued at $14,007,790.27. The disclosure for this sale can be found here. In the last 90 days, insiders sold 51,439 shares of company stock valued at $3,258,968. Company insiders own 1.00% of the company’s stock.

Brunswick Corporation Company 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.

Institutional Ownership by Quarter for Brunswick Corporation (NYSE:BC)

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