Teachers Retirement System of The State of Kentucky Decreases Stock Position in Brunswick Co. (NYSE:BC)

Teachers Retirement System of The State of Kentucky lessened its position in shares of Brunswick Co. (NYSE:BC - Free Report) by 45.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 77,910 shares of the company's stock after selling 64,088 shares during the period. Teachers Retirement System of The State of Kentucky owned 0.12% of Brunswick worth $5,039,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Armstrong Advisory Group Inc. purchased a new position in shares of Brunswick in the fourth quarter worth about $39,000. Financial Perspectives Inc bought a new stake in Brunswick during the 4th quarter valued at $42,000. KBC Group NV lifted its position in shares of Brunswick by 42.8% during the fourth quarter. KBC Group NV now owns 2,892 shares of the company's stock worth $187,000 after acquiring an additional 867 shares in the last quarter. Stevens Capital Management LP bought a new position in shares of Brunswick in the fourth quarter worth $203,000. Finally, Sterling Capital Management LLC raised its stake in shares of Brunswick by 52.0% during the 4th quarter. Sterling Capital Management LLC now owns 4,001 shares of the company's stock valued at $259,000 after purchasing an additional 1,369 shares during the period. Institutional investors own 99.34% of the company's stock.

Insider Buying and Selling at Brunswick

In related news, SVP Randall S. Altman sold 3,417 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $63.21, for a total transaction of $215,988.57. Following the completion of the transaction, the senior vice president now owns 26,683 shares in the company, valued at $1,686,632.43. This represents a 11.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Nancy E. Cooper sold 433 shares of Brunswick stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $65.65, for a total transaction of $28,426.45. Following the completion of the sale, the director now owns 25,361 shares in the company, valued at approximately $1,664,949.65. This trade represents a 1.68 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.81% of the company's stock.

Brunswick Price Performance

Shares of NYSE:BC opened at $44.67 on Wednesday. The company's fifty day moving average is $54.38 and its 200 day moving average is $67.25. The company has a quick ratio of 0.63, a current ratio of 1.65 and a debt-to-equity ratio of 1.11. Brunswick Co. has a 52 week low of $41.00 and a 52 week high of $87.65. The stock has a market cap of $2.94 billion, a PE ratio of 23.51 and a beta of 1.42.

Brunswick (NYSE:BC - Get Free Report) last released its earnings results on Thursday, January 30th. The company reported $0.24 earnings per share 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 period last year, the firm posted $1.45 earnings per share. Research analysts anticipate that Brunswick Co. will post 4.19 earnings per share for the current year.

Brunswick Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, February 24th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.72 annualized dividend and a yield of 3.85%. This is a boost from Brunswick's previous quarterly dividend of $0.42. Brunswick's dividend payout ratio is presently 90.53%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BC. Baird R W lowered Brunswick from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Roth Mkm cut their price target on shares of Brunswick from $91.00 to $85.00 and set a "buy" rating for the company in a report on Friday, January 24th. B. Riley raised Brunswick to a "hold" rating in a research note on Wednesday, February 12th. Robert W. Baird restated a "neutral" rating and issued a $56.00 target price (down from $90.00) on shares of Brunswick in a research note on Friday, April 4th. Finally, DA Davidson upgraded Brunswick to a "hold" rating in a research report on Monday, April 14th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $76.67.

About Brunswick

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.