Retirement Systems of Alabama raised its position in shares of Brunswick Co. (NYSE:BC) by 2.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 230,588 shares of the company’s stock after purchasing an additional 6,514 shares during the quarter. Retirement Systems of Alabama’s holdings in Brunswick were worth $12,733,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the business. New Mexico Educational Retirement Board bought a new position in shares of Brunswick during the 4th quarter worth approximately $1,215,000. Verity Asset Management Inc. bought a new position in shares of Brunswick during the 4th quarter worth approximately $340,000. Swiss National Bank boosted its holdings in shares of Brunswick by 1.5% during the 4th quarter. Swiss National Bank now owns 152,100 shares of the company’s stock worth $8,399,000 after buying an additional 2,300 shares in the last quarter. California Public Employees Retirement System boosted its holdings in shares of Brunswick by 6.0% during the 4th quarter. California Public Employees Retirement System now owns 204,411 shares of the company’s stock worth $11,288,000 after buying an additional 11,488 shares in the last quarter. Finally, M&T Bank Corp boosted its holdings in shares of Brunswick by 17.3% during the 4th quarter. M&T Bank Corp now owns 8,605 shares of the company’s stock worth $476,000 after buying an additional 1,271 shares in the last quarter. 85.96% of the stock is owned by institutional investors and hedge funds.
Brunswick Co. (NYSE:BC) opened at $59.04 on Friday. Brunswick Co. has a twelve month low of $48.04 and a twelve month high of $64.45. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.78 and a quick ratio of 1.04. The stock has a market capitalization of $5,177.22, a price-to-earnings ratio of 15.54, a P/E/G ratio of 0.79 and a beta of 1.82.
Brunswick (NYSE:BC) last issued its earnings results on Thursday, February 1st. The company reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.04). Brunswick had a return on equity of 22.52% and a net margin of 3.09%. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the prior year, the business earned $0.66 earnings per share. Brunswick’s revenue for the quarter was up 10.6% on a year-over-year basis. analysts predict that Brunswick Co. will post 4.58 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Tuesday, February 27th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Monday, February 26th. Brunswick’s dividend payout ratio is currently 47.80%.
In other Brunswick news, VP Christopher F. Dekker sold 3,100 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $58.84, for a total transaction of $182,404.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider John C. Pfeifer sold 3,780 shares of the firm’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $54.96, for a total value of $207,748.80. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.
A number of research firms have issued reports on BC. BMO Capital Markets cut their price target on Brunswick from $68.00 to $62.00 and set an “outperform” rating on the stock in a report on Friday, October 27th. Robert W. Baird restated a “buy” rating and set a $65.00 price target on shares of Brunswick in a report on Friday, December 22nd. Imperial Capital restated a “buy” rating and set a $65.00 price target on shares of Brunswick in a report on Wednesday, December 13th. They noted that the move was a valuation call. Wedbush upgraded Brunswick from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $57.54 to $70.00 in a report on Wednesday. Finally, Zacks Investment Research upgraded Brunswick from a “sell” rating to a “hold” rating in a report on Thursday, January 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the stock. Brunswick currently has a consensus rating of “Buy” and a consensus price target of $66.13.
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Brunswick Corporation is a designer, manufacturer and marketer of recreation products. The Company operates through three segments: Marine Engine, Boat and Fitness. The Company’s product includes marine engines, boats, fitness equipment and active recreation products. The Company’s engine-related products include outboard, sterndrive and inboard engines; trolling motors; propellers; engine control systems; and marine parts and accessories.
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