Brunswick Co. (NYSE:BC) Shares Bought by New York State Common Retirement Fund

New York State Common Retirement Fund boosted its position in shares of Brunswick Co. (NYSE:BC - Free Report) by 7.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 292,552 shares of the company's stock after acquiring an additional 20,871 shares during the period. New York State Common Retirement Fund owned 0.44% of Brunswick worth $18,922,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. CWM LLC lifted its holdings in shares of Brunswick by 21.6% during the third quarter. CWM LLC now owns 1,323 shares of the company's stock valued at $111,000 after acquiring an additional 235 shares during the period. Creative Planning acquired a new position in shares of Brunswick during the 3rd quarter worth about $295,000. Tectonic Advisors LLC increased its position in shares of Brunswick by 3.4% during the third quarter. Tectonic Advisors LLC now owns 14,933 shares of the company's stock worth $1,252,000 after acquiring an additional 488 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Brunswick by 3.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,647 shares of the company's stock worth $390,000 after acquiring an additional 174 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its holdings in shares of Brunswick by 3.5% in the 3rd quarter. State of Alaska Department of Revenue now owns 7,691 shares of the company's stock valued at $644,000 after buying an additional 260 shares during the last quarter. 99.34% of the stock is owned by institutional investors.

Insider Buying and Selling at Brunswick

In related news, Director Nancy E. Cooper sold 433 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $65.65, for a total value of $28,426.45. Following the completion of the transaction, the director now directly owns 25,361 shares of the company's stock, valued at $1,664,949.65. This trade represents a 1.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.81% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Stifel Nicolaus dropped their price target on Brunswick from $95.00 to $86.00 and set a "buy" rating for the company in a report on Wednesday, January 15th. Robert W. Baird set a $90.00 price objective on Brunswick in a research report on Friday, January 31st. B. Riley raised shares of Brunswick to a "hold" rating in a research note on Wednesday, February 12th. Truist Financial decreased their target price on shares of Brunswick from $90.00 to $85.00 and set a "buy" rating for the company in a research report on Tuesday, January 7th. Finally, Citigroup cut their price target on shares of Brunswick from $92.00 to $85.00 and set a "buy" rating on the stock in a report on Tuesday, January 28th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $81.62.

Brunswick Stock Performance

Shares of NYSE BC traded down $2.04 during trading on Wednesday, reaching $62.44. 193,552 shares of the company traded hands, compared to its average volume of 714,681. 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 stock has a market cap of $4.11 billion, a P/E ratio of 32.94 and a beta of 1.54. The firm's fifty day simple moving average is $66.03 and its 200 day simple moving average is $74.98. Brunswick Co. has a 12-month low of $61.42 and a 12-month high of $96.65.

Brunswick (NYSE:BC - Get Free Report) last issued its earnings results on Thursday, January 30th. The company reported $0.24 earnings per share (EPS) for the quarter, topping 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 period in the prior year, the firm posted $1.45 earnings per share. As a group, research analysts anticipate that Brunswick Co. will post 4.19 earnings per share for the current fiscal year.

Brunswick Increases Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 2.75%. 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 payout ratio is currently 88.42%.

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.