Retirement Systems of Alabama Has $17.30 Million Stock Position in Brunswick Co. (NYSE:BC)

Retirement Systems of Alabama boosted its holdings in Brunswick Co. (NYSE:BC) by 0.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 179,212 shares of the company’s stock after buying an additional 228 shares during the quarter. Retirement Systems of Alabama owned approximately 0.26% of Brunswick worth $17,298,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of BC. Hawk Ridge Capital Management LP bought a new position in Brunswick in the fourth quarter valued at about $5,777,000. Dimensional Fund Advisors LP raised its position in Brunswick by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,917,051 shares of the company’s stock valued at $185,483,000 after purchasing an additional 47,053 shares during the last quarter. Alps Advisors Inc. raised its position in shares of Brunswick by 224.7% during the third quarter. Alps Advisors Inc. now owns 49,446 shares of the company’s stock worth $3,906,000 after acquiring an additional 34,220 shares during the last quarter. Chesapeake Capital Corp IL bought a new position in shares of Brunswick during the fourth quarter worth about $800,000. Finally, Van ECK Associates Corp raised its position in shares of Brunswick by 78.7% during the fourth quarter. Van ECK Associates Corp now owns 55,646 shares of the company’s stock worth $5,384,000 after acquiring an additional 24,501 shares during the last quarter. 99.34% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Brunswick

In related news, VP Brenna Preisser sold 1,225 shares of the business’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $82.09, for a total transaction of $100,560.25. Following the sale, the vice president now directly owns 58,076 shares in the company, valued at approximately $4,767,458.84. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, VP Brenna Preisser sold 1,225 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $82.09, for a total transaction of $100,560.25. Following the completion of the transaction, the vice president now directly owns 58,076 shares in the company, valued at $4,767,458.84. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Nancy E. Cooper sold 357 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $80.34, for a total value of $28,681.38. Following the transaction, the director now owns 23,211 shares of the company’s stock, valued at $1,864,771.74. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by corporate insiders.

Brunswick Stock Performance

Shares of BC traded down $0.15 during mid-day trading on Friday, hitting $69.46. The stock had a trading volume of 1,047,249 shares, compared to its average volume of 727,900. The firm has a market cap of $4.69 billion, a P/E ratio of 12.94 and a beta of 1.52. The business has a fifty day moving average price of $77.91 and a 200-day moving average price of $85.21. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.68 and a quick ratio of 0.75. Brunswick Co. has a 52 week low of $66.47 and a 52 week high of $99.68.

Brunswick (NYSE:BC) last issued its earnings results on Thursday, April 25th. The company reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.36 by ($0.01). The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.36 billion. Brunswick had a net margin of 6.24% and a return on equity of 25.37%. The business’s quarterly revenue was down 21.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.57 earnings per share. On average, equities research analysts expect that Brunswick Co. will post 7.39 EPS for the current year.

Brunswick Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Monday, May 13th were paid a dividend of $0.42 per share. The ex-dividend date was Friday, May 10th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.42%. Brunswick’s payout ratio is 31.23%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BC. Morgan Stanley lowered their price objective on Brunswick from $91.00 to $86.00 and set an “equal weight” rating for the company in a research report on Friday, April 26th. Roth Mkm restated a “buy” rating and set a $94.00 price objective on shares of Brunswick in a research report on Thursday, April 25th. DA Davidson reiterated a “neutral” rating and issued a $77.00 target price on shares of Brunswick in a report on Friday, March 15th. Benchmark initiated coverage on Brunswick in a report on Wednesday, May 22nd. They issued a “buy” rating and a $100.00 target price for the company. Finally, BNP Paribas reiterated a “neutral” rating and issued a $82.00 target price (down from $94.00) on shares of Brunswick in a report on Monday, April 15th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $92.83.

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.