Retirement Systems of Alabama Decreases Stake in Brunswick Co. (NYSE:BC)

Retirement Systems of Alabama lowered its stake in shares of Brunswick Co. (NYSE:BC - Free Report) by 53.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,230 shares of the company's stock after selling 93,015 shares during the quarter. Retirement Systems of Alabama owned 0.12% of Brunswick worth $5,189,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. V Square Quantitative Management LLC bought a new position in Brunswick in the 3rd quarter valued at $26,000. Armstrong Advisory Group Inc. purchased a new position in shares of Brunswick during the 4th quarter valued at $39,000. Avior Wealth Management LLC lifted its position in shares of Brunswick by 1,073.7% during the 3rd quarter. Avior Wealth Management LLC now owns 669 shares of the company's stock valued at $56,000 after buying an additional 612 shares during the last quarter. Covestor Ltd lifted its position in shares of Brunswick by 669.0% during the 3rd quarter. Covestor Ltd now owns 969 shares of the company's stock valued at $81,000 after buying an additional 843 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Brunswick by 92.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,155 shares of the company's stock valued at $97,000 after buying an additional 555 shares during the last quarter. Institutional investors own 99.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on BC shares. B. Riley raised Brunswick to a "hold" rating in a research report on Wednesday. Roth Mkm dropped their price target on Brunswick from $91.00 to $85.00 and set a "buy" rating on the stock in a research report on Friday, January 24th. Benchmark dropped their price target on Brunswick from $100.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. DA Davidson dropped their price target on Brunswick from $80.00 to $60.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 22nd. Finally, Truist Financial dropped their price target on Brunswick from $90.00 to $85.00 and set a "buy" rating on the stock in a research report on Tuesday, January 7th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $81.85.

Brunswick Price Performance

Shares of BC traded up $0.57 during trading hours on Friday, reaching $65.55. 441,920 shares of the company's stock traded hands, compared to its average volume of 710,967. The stock has a market cap of $4.32 billion, a PE ratio of 34.50 and a beta of 1.54. The company has a current ratio of 1.65, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. The firm's 50 day simple moving average is $67.50 and its 200-day simple moving average is $75.65. Brunswick Co. has a 12 month low of $62.64 and a 12 month high of $96.65.

Brunswick (NYSE:BC - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.06. Brunswick had a return on equity of 15.41% and a net margin of 2.48%. During the same quarter in the prior year, the firm posted $1.45 earnings per share. Equities analysts expect that Brunswick Co. will post 4.2 EPS for the current year.

Brunswick Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, February 24th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date of this dividend is Monday, February 24th. This is an increase from Brunswick's previous quarterly dividend of $0.42. Brunswick's dividend payout ratio (DPR) is 88.42%.

Insider Activity

In related news, Director Nancy E. Cooper sold 433 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $65.65, for a total transaction of $28,426.45. Following the transaction, the director now directly owns 25,361 shares of the company's stock, valued at approximately $1,664,949.65. This trade represents a 1.68 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.81% of the company's stock.

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.