Fidelity Management & Research Co has recently announced that it has increased stake in Brunswick Corp. (NYSE:BC) by 190.22%. After grabbing 2.67 million shares, the institutional investor is now in possession of 1.75 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 3.83% having worth around $185.79 million. Moreover, American Century Investment Manag increased its share by 9465.0 to have a control over 1.97 million shares. And Dimensional Fund Advisors LP raised its holdings to 0.24 million shares by acquiring 1.87 million shares or 2.68% of the stake.
Brunswick Corp. (BC) concluded trading on 11/22/23 at a closing price of $78.06, with 0.44 million shares of worth about $34.57 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 3.53% during that period and on Wednesday the price saw a loss of about -0.28%. Currently the company’s common shares owned by public are about 71.36M shares, out of which, 67.70M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 88 times over the past 12 months. They bought 225,894 shares in 54 of the transactions. In 34 selling transactions, insiders dumped 117,841 shares.
Vanguard Total Stock Market ETF, iShares Core S&P Mid Cap ETF, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in Brunswick Corp. Vanguard Total Stock Market ETF is currently holding 2.17 million shares of worth totaling $150.68 million. The company recently came buying 15822.0 shares which brought its stake up to 3.11% of the company’s outstanding shares. Vanguard Small Cap Index Fund, after buying 1.8 million shares, have now control over 2.58% of the stake in the company. It holds 3676.0 shares of worth $125.11 million.
Brunswick Corp. (NYSE: BC) started trading at $78.77, above $0.49 from concluding price of the previous day. However, the stock later moved at a day high price of 79.43, or with a loss of -0.28%. Stock saw a price change of -1.56% in past 5 days and over the past one month there was a price change of 12.33%. Year-to-date (YTD), BC shares are showing a performance of 8.30% which increased to 10.36% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $66.47 but also hit the highest price of $93.15 during that period. The average intraday trading volume for Brunswick Corp. shares is 737.40K. The stock is currently trading 7.70% above its 20-day simple moving average (SMA20), while that difference is up 4.70% for SMA50 and it goes to -3.42% lower than SMA200.
Fidelity Management & Research Co acquired 2.67 million shares of Brunswick Corp. having value of about $185.79 million. Data submitted at the U.S SEC by Fidelity Management & Research Co revealed that the firm now holds 1.75 million shares in the company valued at close to $136833793.86, or have control over 190.22% stake in the company. Brunswick Corp. (NYSE: BC) currently have 71.36M outstanding shares and institutions hold larger chunk of about 99.29% of that. Holding of mutual funds in the company is about 5.00% while other institutional holders and individual stake holders have control over 52.96% and 45.56% of the stake respectively.
The stock has a current market capitalization of $5.37B and its 3Y-monthly beta is at 1.50. PE ratio of stock for trailing 12 months is 11.12, while it has posted earnings per share of $7.02 in the same period. Its PEG reads 0.74 and has Quick Ratio of 0.60 while making debt-to-equity ratio of 1.22. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BC, volatility over the week remained 2.77% while standing at 3.07% over the month.
Analysts are in expectations that Brunswick Corp. (BC) stock would likely to be making an EPS of $1.66 in the current quarter, while forecast for next quarter EPS is $2.25 and it is $8.79 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.64 which is $1.7 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.99 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -10.23% while it is estimated to decrease by -2.67% in next year. EPS is likely to shrink at an annualized rate of 15.00% for next 5-years, compared to annual growth of 40.83% made by the stock over the past 5-years.
Analysts at 18 brokerage firms have issued recommendations for the Brunswick Corp. (BC)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.83. Out of those 18 Wall Street analysts, 9 recommended a “Buy” rating, while 6 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Morgan Stanley on September 27, 2023 offering an Equal-weight rating for the stock and assigned a target price of $84 to it.
