New York State Common Retirement Fund Increases Stake in Brunswick Co. (NYSE:BC)

New York State Common Retirement Fund boosted its stake in Brunswick Co. (NYSE:BC - Free Report) by 447.5% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 271,681 shares of the company's stock after acquiring an additional 222,062 shares during the quarter. New York State Common Retirement Fund owned 0.40% of Brunswick worth $22,772,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. M&G Plc lifted its position in shares of Brunswick by 15.1% in the second quarter. M&G Plc now owns 55,218 shares of the company's stock valued at $4,031,000 after acquiring an additional 7,261 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Brunswick by 11.4% in the first quarter. Russell Investments Group Ltd. now owns 82,356 shares of the company's stock valued at $7,942,000 after buying an additional 8,456 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Brunswick by 2.3% in the first quarter. Vanguard Group Inc. now owns 7,266,170 shares of the company's stock worth $701,331,000 after buying an additional 160,531 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in Brunswick by 292.5% during the second quarter. Harbor Capital Advisors Inc. now owns 9,224 shares of the company's stock worth $671,000 after acquiring an additional 6,874 shares during the last quarter. Finally, Swedbank AB acquired a new stake in Brunswick in the 1st quarter valued at about $19,304,000. Hedge funds and other institutional investors own 99.34% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on BC shares. Roth Mkm restated a "buy" rating and issued a $94.00 price target on shares of Brunswick in a research report on Thursday, July 25th. Truist Financial lowered their price target on shares of Brunswick from $95.00 to $90.00 and set a "buy" rating on the stock in a research report on Monday, July 8th. Stifel Nicolaus cut their price objective on shares of Brunswick from $97.00 to $95.00 and set a "buy" rating for the company in a research report on Friday, July 12th. JPMorgan Chase & Co. cut their price target on shares of Brunswick from $78.00 to $75.00 and set a "neutral" rating for the company in a report on Wednesday, July 24th. Finally, Jefferies Financial Group restated a "hold" rating and issued a $70.00 target price (down previously from $115.00) on shares of Brunswick in a research report on Friday, July 26th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $89.23.

Insider Buying and Selling

In other news, Director Joseph W. Mcclanathan sold 4,745 shares of the firm's stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $80.14, for a total transaction of $380,264.30. Following the sale, the director now owns 19,218 shares of the company's stock, valued at approximately $1,540,130.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Joseph W. Mcclanathan sold 4,745 shares of the stock in a transaction on Friday, October 25th. The shares were sold at an average price of $80.14, for a total value of $380,264.30. Following the transaction, the director now directly owns 19,218 shares of the company's stock, valued at $1,540,130.52. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO David M. Foulkes sold 23,829 shares of the business's stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $80.22, for a total transaction of $1,911,562.38. Following the completion of the sale, the chief executive officer now directly owns 251,094 shares of the company's stock, valued at approximately $20,142,760.68. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,940 shares of company stock worth $2,321,176. Corporate insiders own 0.81% of the company's stock.

Brunswick Stock Up 1.2 %

Shares of BC stock traded up $0.98 during trading hours on Tuesday, reaching $81.59. 437,513 shares of the stock were exchanged, compared to its average volume of 710,842. The business's fifty day moving average is $80.67 and its two-hundred day moving average is $78.84. The firm has a market capitalization of $5.38 billion, a P/E ratio of 20.05 and a beta of 1.51. Brunswick Co. has a 12-month low of $69.05 and a 12-month high of $99.68. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.97 and a quick ratio of 0.74.

Brunswick Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 20th will be given a dividend of $0.42 per share. The ex-dividend date is Wednesday, November 20th. This represents a $1.68 annualized dividend and a dividend yield of 2.06%. Brunswick's dividend payout ratio (DPR) is currently 41.79%.

Brunswick 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.