Brunswick Co. (NYSE:BC) Shares Sold by Arizona State Retirement System

Arizona State Retirement System lessened its stake in Brunswick Co. (NYSE:BC) by 1.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,219 shares of the company’s stock after selling 237 shares during the quarter. Arizona State Retirement System’s holdings in Brunswick were worth $1,243,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Pacer Advisors Inc. raised its stake in Brunswick by 2.0% during the fourth quarter. Pacer Advisors Inc. now owns 9,861 shares of the company’s stock worth $638,000 after acquiring an additional 190 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in Brunswick by 5.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,883 shares of the company’s stock worth $316,000 after acquiring an additional 236 shares during the period. KBC Group NV raised its stake in Brunswick by 21.7% during the third quarter. KBC Group NV now owns 2,025 shares of the company’s stock worth $170,000 after acquiring an additional 361 shares during the period. Hunter Associates Investment Management LLC raised its stake in Brunswick by 2.5% during the fourth quarter. Hunter Associates Investment Management LLC now owns 18,127 shares of the company’s stock worth $1,170,000 after acquiring an additional 447 shares during the period. Finally, State of New Jersey Common Pension Fund D raised its stake in Brunswick by 2.3% during the third quarter. State of New Jersey Common Pension Fund D now owns 24,190 shares of the company’s stock worth $2,028,000 after acquiring an additional 551 shares during the period. Institutional investors and hedge funds own 99.34% of the company’s stock.

Insiders Place Their Bets

In other Brunswick news, SVP Randall S. Altman sold 3,417 shares of Brunswick stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $63.21, for a total value of $215,988.57. Following the transaction, the senior vice president now owns 26,683 shares in the company, valued at approximately $1,686,632.43. The trade was a 11.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction 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 represents a 1.68 % decrease in their position. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by company insiders.

Brunswick Price Performance

NYSE BC opened at $56.59 on Thursday. Brunswick Co. has a 12 month low of $55.40 and a 12 month high of $96.65. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.65 and a quick ratio of 0.63. The firm has a market capitalization of $3.73 billion, a PE ratio of 29.78 and a beta of 1.54. The company’s 50 day simple moving average is $64.48 and its 200 day simple moving average is $73.63.

Brunswick (NYSE:BC) last posted its quarterly earnings data on Thursday, January 30th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. Brunswick had a net margin of 2.48% and a return on equity of 15.41%. During the same quarter last year, the firm earned $1.45 EPS. As a group, equities research analysts forecast that Brunswick Co. will post 4.19 EPS for the current fiscal year.

Brunswick Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, February 24th will be given a $0.43 dividend. This is a positive change from Brunswick’s previous quarterly dividend of $0.42. The ex-dividend date is Monday, February 24th. This represents a $1.72 annualized dividend and a yield of 3.04%. Brunswick’s payout ratio is 90.53%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Truist Financial dropped their price objective on shares of Brunswick from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. Stifel Nicolaus decreased their target price on shares of Brunswick from $95.00 to $86.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. Citigroup decreased their target price on shares of Brunswick from $92.00 to $85.00 and set a “buy” rating for the company in a research report on Tuesday, January 28th. B. Riley upgraded shares of Brunswick to a “hold” rating in a research report on Wednesday, February 12th. Finally, Roth Mkm decreased their target price on shares of Brunswick from $91.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $81.62.

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.