Brunswick Corporation (BC) : Ferguson Wellman Capital Management Inc reduced its stake in Brunswick Corporation by 2.72% during the most recent quarter end. The investment management company now holds a total of 648,537 shares of Brunswick Corporation which is valued at $31,077,893 after selling 18,157 shares in Brunswick Corporation , the firm said in a disclosure report filed with the SEC on Jul 15, 2016.Brunswick Corporation makes up approximately 1.26% of Ferguson Wellman Capital Management Inc’s portfolio.
Other Hedge Funds, Including , Creative Planning boosted its stake in BC in the latest quarter, The investment management firm added 1,050 additional shares and now holds a total of 1,557 shares of Brunswick Corporation which is valued at $75,717.Bnp Paribas Arbitrage Sa boosted its stake in BC in the latest quarter, The investment management firm added 3,709 additional shares and now holds a total of 35,811 shares of Brunswick Corporation which is valued at $1,710,691. Brunswick Corporation makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.
Brunswick Corporation closed down -1.31 points or -2.66% at $47.92 with 19,63,886 shares getting traded on Monday. Post opening the session at $47.75, the shares hit an intraday low of $46.881 and an intraday high of $48.36 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.
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.