2,434,616 Shares in Brunswick Co. (NYSE:BC) Purchased by Cantillon Capital Management LLC

Cantillon Capital Management LLC bought a new position in shares of Brunswick Co. (NYSE:BC) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,434,616 shares of the company’s stock, valued at approximately $111,724,000. Cantillon Capital Management LLC owned 2.80% of Brunswick as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in BC. FMR LLC raised its position in Brunswick by 45.0% during the first quarter. FMR LLC now owns 3,012,240 shares of the company’s stock valued at $151,605,000 after acquiring an additional 934,679 shares in the last quarter. TimesSquare Capital Management LLC raised its position in Brunswick by 4.8% during the first quarter. TimesSquare Capital Management LLC now owns 1,953,440 shares of the company’s stock valued at $98,317,000 after acquiring an additional 89,350 shares in the last quarter. Impala Asset Management LLC raised its position in Brunswick by 621.7% during the first quarter. Impala Asset Management LLC now owns 1,324,580 shares of the company’s stock valued at $66,666,000 after acquiring an additional 1,141,053 shares in the last quarter. Eagle Asset Management Inc. raised its position in Brunswick by 0.7% during the first quarter. Eagle Asset Management Inc. now owns 1,242,851 shares of the company’s stock valued at $62,552,000 after acquiring an additional 8,611 shares in the last quarter. Finally, MARSHALL WACE ASIA Ltd raised its position in Brunswick by 147.5% during the first quarter. MARSHALL WACE ASIA Ltd now owns 1,228,921 shares of the company’s stock valued at $61,852,000 after acquiring an additional 732,303 shares in the last quarter. 95.52% of the stock is owned by hedge funds and other institutional investors.

Brunswick stock opened at $46.21 on Wednesday. The stock has a market capitalization of $4.13 billion, a PE ratio of 9.69, a PEG ratio of 1.12 and a beta of 1.70. Brunswick Co. has a 12 month low of $41.02 and a 12 month high of $69.82. The firm has a 50 day simple moving average of $46.22. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.98 and a quick ratio of 1.19.

Brunswick (NYSE:BC) last posted its quarterly earnings data on Thursday, July 25th. The company reported $1.45 EPS for the quarter, beating the Zacks’ 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 return on equity of 26.56% and a net margin of 3.10%. The business’s revenue was down 16.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.50 earnings per share. Equities analysts forecast that Brunswick Co. will post 4.22 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Tuesday, August 20th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend is Monday, August 19th. Brunswick’s dividend payout ratio (DPR) is presently 17.61%.

BC has been the subject of several recent research reports. Wells Fargo & Co reduced their price target on Brunswick from $64.00 to $55.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. Citigroup reduced their price target on Brunswick from $63.00 to $57.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. TheStreet cut Brunswick from a “b-” rating to a “c” rating in a research report on Thursday, April 25th. Longbow Research set a $68.00 price target on Brunswick and gave the company a “buy” rating in a research report on Friday, April 26th. Finally, B. Riley set a $71.00 price target on Brunswick and gave the company a “buy” rating in a research report on Friday, June 28th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average 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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