Los Angeles Capital Management LLC Invests $1.66 Million in Brookfield Business Corp $BBUC

Los Angeles Capital Management LLC bought a new stake in Brookfield Business Corp (NYSE:BBUC) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 46,372 shares of the company’s stock, valued at approximately $1,655,000.

Other large investors also recently bought and sold shares of the company. Signaturefd LLC lifted its position in Brookfield Business by 29.4% during the fourth quarter. Signaturefd LLC now owns 3,018 shares of the company’s stock valued at $108,000 after purchasing an additional 685 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Brookfield Business in the 4th quarter worth about $178,000. Handelsbanken Fonder AB purchased a new stake in shares of Brookfield Business during the 4th quarter valued at about $323,000. Strs Ohio purchased a new stake in shares of Brookfield Business during the 4th quarter valued at about $431,000. Finally, Qube Research & Technologies Ltd bought a new position in shares of Brookfield Business in the 3rd quarter valued at about $907,000. Institutional investors own 85.04% of the company’s stock.

Brookfield Business Stock Down 1.3%

Shares of NYSE:BBUC opened at $32.02 on Thursday. The firm has a market capitalization of $6.63 billion, a PE ratio of -71.16 and a beta of 1.24. The business has a 50 day simple moving average of $33.35 and a two-hundred day simple moving average of $34.30. Brookfield Business Corp has a 1 year low of $27.76 and a 1 year high of $38.25. The company has a debt-to-equity ratio of 2.78, a current ratio of 1.43 and a quick ratio of 1.19.

Brookfield Business (NYSE:BBUC) last issued its quarterly earnings results on Friday, May 8th. The company reported $999.00 earnings per share for the quarter, topping the consensus estimate of $1.31 by $997.69. Brookfield Business had a return on equity of 2.33% and a net margin of 1.28%.The firm had revenue of $6.44 billion for the quarter. On average, equities analysts predict that Brookfield Business Corp will post 5.54 EPS for the current year.

Brookfield Business Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be given a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, May 29th. Brookfield Business’s dividend payout ratio (DPR) is -55.56%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Royal Bank Of Canada reduced their price objective on Brookfield Business from $44.00 to $40.00 and set an “outperform” rating on the stock in a research note on Monday, May 11th. Canadian Imperial Bank of Commerce set a $41.50 price objective on Brookfield Business in a research note on Monday, May 11th. TD Cowen assumed coverage on Brookfield Business in a report on Tuesday. They issued a “hold” rating and a $34.00 target price for the company. Scotiabank reissued an “outperform” rating on shares of Brookfield Business in a research report on Monday, May 11th. Finally, National Bank Financial lowered their price target on Brookfield Business from $44.00 to $42.00 and set an “outperform” rating for the company in a research report on Tuesday, May 12th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $39.90.

Brookfield Business Profile

Brookfield Business (NYSE: BBUC) is a publicly traded operating company affiliated with the Brookfield group that focuses on owning and managing a portfolio of industrial and business services companies. The company’s model centers on acquiring established businesses and applying active operational oversight, capital investment and strategic management to improve performance and support long‑term growth.

Brookfield Business’s activities span a range of sectors within the industrial and services landscape, including manufacturing, industrial services, specialty distribution and business‑to‑business service providers.