New York State Teachers Retirement System Sells 597 Shares of Brunswick Co. (NYSE:BC)

New York State Teachers Retirement System lessened its position in Brunswick Co. (NYSE:BC) by 0.7% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 83,356 shares of the company’s stock after selling 597 shares during the period. New York State Teachers Retirement System owned approximately 0.12% of Brunswick worth $6,987,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of BC. V Square Quantitative Management LLC bought a new stake in shares of Brunswick during the 3rd quarter worth $26,000. Allspring Global Investments Holdings LLC raised its holdings in Brunswick by 43,700.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 438 shares of the company’s stock valued at $42,000 after acquiring an additional 437 shares during the period. J.Safra Asset Management Corp lifted its position in shares of Brunswick by 77.1% during the first quarter. J.Safra Asset Management Corp now owns 602 shares of the company’s stock worth $58,000 after acquiring an additional 262 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Brunswick by 92.5% in the third quarter. GAMMA Investing LLC now owns 1,155 shares of the company’s stock worth $97,000 after acquiring an additional 555 shares during the period. Finally, Fifth Third Bancorp grew its position in shares of Brunswick by 47.0% in the second quarter. Fifth Third Bancorp now owns 1,511 shares of the company’s stock valued at $110,000 after purchasing an additional 483 shares in the last quarter. Institutional investors own 99.34% of the company’s stock.

Insider Transactions at Brunswick

In other news, Director Nancy E. Cooper sold 366 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $80.19, for a total transaction of $29,349.54. Following the completion of the sale, the director now owns 24,557 shares in the company, valued at $1,969,225.83. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Nancy E. Cooper sold 366 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $80.19, for a total transaction of $29,349.54. Following the completion of the transaction, the director now directly owns 24,557 shares in the company, valued at $1,969,225.83. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Joseph W. Mcclanathan sold 4,745 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $80.14, for a total transaction of $380,264.30. Following the completion of the transaction, the director now directly owns 19,218 shares of the company’s stock, valued at approximately $1,540,130.52. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,940 shares of company stock worth $2,321,176 in the last quarter. Company insiders own 0.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on BC shares. Stifel Nicolaus reduced their target price on Brunswick from $97.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, July 12th. Northcoast Research raised Brunswick from a “neutral” rating to a “buy” rating and set a $100.00 target price on the stock in a research note on Monday, July 29th. Jefferies Financial Group reaffirmed a “hold” rating and set a $70.00 price target (down previously from $115.00) on shares of Brunswick in a research note on Friday, July 26th. Citigroup increased their price objective on Brunswick from $92.00 to $101.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Brunswick from $78.00 to $75.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Brunswick currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.23.

Brunswick Price Performance

Brunswick stock opened at $80.61 on Tuesday. The stock has a market capitalization of $5.32 billion, a P/E ratio of 20.05 and a beta of 1.51. The company’s fifty day moving average price is $80.70 and its 200 day moving average price is $78.85. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.74 and a current ratio of 1.97. Brunswick Co. has a 1 year low of $69.05 and a 1 year high of $99.68.

Brunswick Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 20th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend is Wednesday, November 20th. Brunswick’s payout ratio 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.