Northwestern Mutual Investment Management Company LLC Has $709,000 Position in Brunswick Corporation (BC)

Northwestern Mutual Investment Management Company LLC boosted its position in Brunswick Corporation (NYSE:BC) by 1.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,647 shares of the company’s stock after purchasing an additional 219 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Brunswick Corporation were worth $709,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in BC. Boston Partners increased its stake in shares of Brunswick Corporation by 3.8% during the 2nd quarter. Boston Partners now owns 9,306,042 shares of the company’s stock valued at $583,768,000 after acquiring an additional 338,212 shares during the last quarter. BlackRock Inc. increased its stake in shares of Brunswick Corporation by 8,617.9% during the 1st quarter. BlackRock Inc. now owns 7,488,087 shares of the company’s stock valued at $458,271,000 after acquiring an additional 7,402,194 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Brunswick Corporation by 6.8% during the 1st quarter. Vanguard Group Inc. now owns 7,158,280 shares of the company’s stock valued at $438,086,000 after acquiring an additional 457,104 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Brunswick Corporation by 10.4% during the 1st quarter. JPMorgan Chase & Co. now owns 2,926,645 shares of the company’s stock valued at $179,110,000 after acquiring an additional 275,751 shares during the last quarter. Finally, Schroder Investment Management Group increased its stake in shares of Brunswick Corporation by 4.8% during the 1st quarter. Schroder Investment Management Group now owns 2,293,970 shares of the company’s stock valued at $140,345,000 after acquiring an additional 104,107 shares during the last quarter. 94.04% of the stock is owned by hedge funds and other institutional investors.

Shares of Brunswick Corporation (NYSE BC) opened at 52.39 on Friday. Brunswick Corporation has a one year low of $42.02 and a one year high of $63.82. The stock’s 50 day moving average price is $54.70 and its 200-day moving average price is $58.22. The stock has a market cap of $4.65 billion, a PE ratio of 16.62 and a beta of 1.82.

Brunswick Corporation (NYSE:BC) last posted its quarterly earnings results on Thursday, July 27th. The company reported $1.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.02. Brunswick Corporation had a return on equity of 23.35% and a net margin of 6.13%. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the business earned $1.17 EPS. The business’s quarterly revenue was up 8.8% on a year-over-year basis. On average, equities analysts predict that Brunswick Corporation will post $4.05 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, August 22nd will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Friday, August 18th. Brunswick Corporation’s dividend payout ratio (DPR) is presently 20.95%.

In related news, Chairman Mark D. Schwabero sold 29,552 shares of the firm’s stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $63.74, for a total value of $1,883,644.48. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider William Metzger sold 15,301 shares of the firm’s stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $62.50, for a total value of $956,312.50. The disclosure for this sale can be found here. Insiders have sold a total of 51,439 shares of company stock valued at $3,258,968 over the last ninety days. Company insiders own 1.00% of the company’s stock.

BC has been the subject of a number of research analyst reports. BidaskClub downgraded shares of Brunswick Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, August 11th. B. Riley reaffirmed a “buy” rating and set a $70.00 price objective on shares of Brunswick Corporation in a research note on Wednesday, August 2nd. BMO Capital Markets dropped their price objective on shares of Brunswick Corporation from $72.00 to $68.00 and set an “outperform” rating for the company in a research note on Friday, July 28th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $65.00 price objective on shares of Brunswick Corporation in a research note on Sunday, June 11th. Finally, Forward View raised shares of Brunswick Corporation from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research note on Sunday, September 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $65.93.

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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.

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

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