AQR Capital Management LLC Sells 30,869 Shares of Brunswick Co. (NYSE:BC)

AQR Capital Management LLC trimmed its holdings in Brunswick Co. (NYSE:BC) by 69.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,769 shares of the company’s stock after selling 30,869 shares during the quarter. AQR Capital Management LLC’s holdings in Brunswick were worth $990,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Rise Advisors LLC grew its holdings in shares of Brunswick by 249.5% during the 1st quarter. Rise Advisors LLC now owns 325 shares of the company’s stock worth $31,000 after purchasing an additional 232 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Brunswick by 43,700.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 438 shares of the company’s stock worth $42,000 after buying an additional 437 shares in the last quarter. J.Safra Asset Management Corp increased its holdings in Brunswick by 77.1% in the 1st quarter. J.Safra Asset Management Corp now owns 602 shares of the company’s stock valued at $58,000 after buying an additional 262 shares during the period. Valley National Advisers Inc. raised its stake in shares of Brunswick by 47.0% in the 1st quarter. Valley National Advisers Inc. now owns 1,120 shares of the company’s stock valued at $108,000 after buying an additional 358 shares in the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of Brunswick by 47.0% during the 2nd quarter. Fifth Third Bancorp now owns 1,511 shares of the company’s stock worth $110,000 after acquiring an additional 483 shares during the period. Institutional investors and hedge funds own 99.34% of the company’s stock.

Brunswick Price Performance

Shares of BC stock opened at $82.49 on Friday. The company has a current ratio of 1.70, a quick ratio of 0.75 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $5.57 billion, a price-to-earnings ratio of 15.33 and a beta of 1.51. The firm’s 50 day moving average is $79.01 and its 200-day moving average is $79.99. Brunswick Co. has a 1 year low of $66.47 and a 1 year high of $99.68.

Brunswick (NYSE:BC) last announced its quarterly earnings data on Thursday, July 25th. The company reported $1.80 EPS for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.10). The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.55 billion. Brunswick had a net margin of 5.92% and a return on equity of 23.46%. The firm’s quarterly revenue was down 15.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.35 earnings per share. Sell-side analysts forecast that Brunswick Co. will post 5.26 EPS for the current fiscal year.

Brunswick Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Wednesday, August 21st were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.04%. The ex-dividend date was Wednesday, August 21st. Brunswick’s dividend payout ratio (DPR) is presently 31.23%.

Wall Street Analyst Weigh In

BC has been the subject of several recent research reports. Stifel Nicolaus dropped their price target on shares of Brunswick from $97.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, July 12th. Robert W. Baird cut their target price on Brunswick from $95.00 to $93.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. Citigroup upped their price target on Brunswick from $92.00 to $101.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Northcoast Research raised Brunswick from a “neutral” rating to a “buy” rating and set a $100.00 price objective for the company in a report on Monday, July 29th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $70.00 target price (down previously from $115.00) on shares of Brunswick in a research report on Friday, July 26th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $89.23.

Insider Transactions at Brunswick

In other Brunswick news, Director Nancy E. Cooper sold 358 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $81.34, for a total transaction of $29,119.72. Following the completion of the sale, the director now owns 23,877 shares in the company, valued at approximately $1,942,155.18. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.81% of the stock is owned by corporate insiders.

Brunswick Company Profile

Brunswick Corporation designs, manufactures, and markets recreation products in the United States, Europe, the Asia-Pacific, Canada, and internationally. It operates through four segments: Propulsion, Engine P&A, Navico Group, and Boat. The Propulsion segment provides outboard, sterndrive, inboard engines, propulsion-related controls, rigging, and propellers for boat builders through marine retail dealers under the Mercury, Mercury MerCruiser, Mariner, Mercury Racing, Mercury Diesel, Avator, and Fliteboard brands.