Acushnet $GOLF Stock Holdings Increased by Neumeier Poma Investment Counsel LLC

Neumeier Poma Investment Counsel LLC increased its holdings in Acushnet (NYSE:GOLFFree Report) by 51.7% during the fourth quarter, Holdings Channel reports. The firm owned 384,424 shares of the company’s stock after purchasing an additional 130,990 shares during the period. Acushnet makes up 2.5% of Neumeier Poma Investment Counsel LLC’s portfolio, making the stock its 18th largest holding. Neumeier Poma Investment Counsel LLC’s holdings in Acushnet were worth $30,685,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fisher Asset Management LLC raised its holdings in shares of Acushnet by 238.0% during the third quarter. Fisher Asset Management LLC now owns 704,151 shares of the company’s stock valued at $55,269,000 after acquiring an additional 495,794 shares during the period. M&T Bank Corp grew its position in Acushnet by 668.1% during the fourth quarter. M&T Bank Corp now owns 159,874 shares of the company’s stock valued at $12,761,000 after purchasing an additional 139,060 shares in the last quarter. Bank of America Corp DE grew its position in Acushnet by 31.8% during the second quarter. Bank of America Corp DE now owns 457,460 shares of the company’s stock valued at $33,312,000 after purchasing an additional 110,245 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Acushnet by 55.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 303,957 shares of the company’s stock valued at $24,262,000 after purchasing an additional 107,840 shares in the last quarter. Finally, Norges Bank purchased a new position in Acushnet during the fourth quarter valued at approximately $6,666,000. 53.12% of the stock is currently owned by institutional investors.

Acushnet Trading Up 1.6%

Shares of NYSE:GOLF opened at $89.17 on Friday. The stock has a market capitalization of $5.22 billion, a PE ratio of 31.40 and a beta of 0.85. Acushnet has a 1 year low of $69.54 and a 1 year high of $104.81. The firm has a fifty day moving average price of $92.52 and a 200 day moving average price of $91.30. The company has a current ratio of 2.87, a quick ratio of 1.59 and a debt-to-equity ratio of 1.36.

Acushnet (NYSE:GOLFGet Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.02). The business had revenue of $752.98 million during the quarter, compared to the consensus estimate of $722.48 million. Acushnet had a return on equity of 22.95% and a net margin of 6.54%.The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.62 earnings per share. Analysts expect that Acushnet will post 3.82 EPS for the current fiscal year.

Acushnet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Friday, June 5th will be issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, June 5th. Acushnet’s dividend payout ratio is currently 35.92%.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Jefferies Financial Group reaffirmed a “hold” rating on shares of Acushnet in a research report on Thursday, February 26th. Weiss Ratings downgraded shares of Acushnet from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 27th. UBS Group set a $100.00 price objective on shares of Acushnet in a research report on Thursday, February 26th. Truist Financial boosted their price objective on shares of Acushnet from $95.00 to $97.00 and gave the company a “hold” rating in a research report on Tuesday, May 19th. Finally, Roth Mkm set a $87.00 price objective on shares of Acushnet in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $94.17.

View Our Latest Analysis on Acushnet

Insider Activity

In related news, insider Steven Francis Pelisek sold 15,000 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $91.26, for a total transaction of $1,368,900.00. Following the completion of the sale, the insider directly owned 70,512 shares of the company’s stock, valued at approximately $6,434,925.12. This represents a 17.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 53.30% of the company’s stock.

Acushnet Profile

(Free Report)

Acushnet Holdings Corp., traded on the NYSE under the symbol GOLF, is a leading designer, manufacturer and marketer of golf equipment, footwear, apparel and accessories. The company’s portfolio encompasses a range of golf lifestyle products, with a focus on innovation, performance and quality for players of all skill levels.

At the core of Acushnet’s product lineup is the Titleist brand, globally recognized for its Tour-level golf balls and precision-engineered clubs. FootJoy offers golf shoes, gloves and apparel that blend comfort, style and technical performance, while Scotty Cameron putters and Vokey design wedges cater to players seeking exacting standards in feel and accuracy.

See Also

Want to see what other hedge funds are holding GOLF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Acushnet (NYSE:GOLFFree Report).

Institutional Ownership by Quarter for Acushnet (NYSE:GOLF)

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