Brunswick Corporation (BC) : Chartwell Investment Partners scooped up 481,101 additional shares in Brunswick Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 3,462,110 shares of Brunswick Corporation which is valued at $163.3 Million.Brunswick Corporation makes up approximately 3.19% of Chartwell Investment Partners’s portfolio.
Other Hedge Funds, Including , Picton Mahoney Asset Management sold out all of its stake in BC during the most recent quarter. The investment firm sold 54,166 shares of BC which is valued $2.6 Million.Manufacturers Life Insurance Company The boosted its stake in BC in the latest quarter, The investment management firm added 2,319 additional shares and now holds a total of 120,195 shares of Brunswick Corporation which is valued at $5.7 Million. Brunswick Corporation makes up approx 0.01% of Manufacturers Life Insurance Company The’s portfolio.Nationwide Fund Advisors reduced its stake in BC by selling 170,970 shares or 30.63% in the most recent quarter. The Hedge Fund company now holds 387,284 shares of BC which is valued at $18.3 Million. Brunswick Corporation makes up approx 0.08% of Nationwide Fund Advisors’s portfolio. First Mercantile Trust Co added BC to its portfolio by purchasing 1,900 company shares during the most recent quarter which is valued at $91,257. Brunswick Corporation makes up approx 0.01% of First Mercantile Trust Co’s portfolio. Brc Investment Management added BC to its portfolio by purchasing 15,255 company shares during the most recent quarter which is valued at $732,698. Brunswick Corporation makes up approx 0.11% of Brc Investment Management’s portfolio.
Brunswick Corporation opened for trading at $47.4 and hit $48.48 on the upside on Monday, eventually ending the session at $48.02, with a gain of 1.78% or 0.84 points. The heightened volatility saw the trading volume jump to 8,59,370 shares. Company has a market cap of $4,352 M.
On the company’s financial health, Brunswick Corporation reported $0.71 EPS for the quarter, based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus estimate of $0.71. The company had revenue of $1070.30 million for the quarter, compared to analysts expectations of $1076.50 million. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 EPS.
Investors should note that on May 4, 2016, Brunswick Corporation announced a cash dividend of $0.1500. The company’s management has announced May 20, 2016 as the ex-dividend date and fixed the record date on May 24, 2016. The payable date has been fixed on Jun 15, 2016.
Many Wall Street Analysts have commented on Brunswick Corporation. Company shares were Reiterated by RBC Capital Mkts on Apr 29, 2016 to “Outperform”, Firm has raised the Price Target to $ 54 from a previous price target of $51 .
Brunswick Corporation (Brunswick) is a designer manufacturer and marketer of recreation products including marine engines boats fitness and billiards equipment. The Company operates in three segments: Marine Engine Boat and Fitness. Brunswick’s engine-related products include outboard sterndrive and inboard engines; trolling motors; propellers; engine control systems and marine parts and accessories. Its boat offerings include fiberglass pleasure boats; luxury yachts yachts and sport yachts; offshore fishing boats; aluminum fishing boats; pontoon boats; deck boats and inflatable boats. Its Fitness segment consists of Life Fitness division (Life Fitness) which designs manufactures and markets a line of cardiovascular fitness equipment including treadmills total body cross-trainers stair climbers and stationary exercise bicycles and strength-training equipment under the Life Fitness Cybex and Hammer Strength brands.