Brunswick Co. (NYSE:BC) Shares Acquired by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board lifted its holdings in shares of Brunswick Co. (NYSE:BC) by 13.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,522 shares of the company’s stock after purchasing an additional 2,167 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Brunswick were worth $1,788,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Jennison Associates LLC grew its position in shares of Brunswick by 5.2% during the first quarter. Jennison Associates LLC now owns 848,728 shares of the company’s stock worth $81,919,000 after acquiring an additional 42,332 shares during the last quarter. Hawk Ridge Capital Management LP acquired a new stake in shares of Brunswick during the fourth quarter worth $5,777,000. Russell Investments Group Ltd. lifted its holdings in shares of Brunswick by 11.4% during the first quarter. Russell Investments Group Ltd. now owns 82,356 shares of the company’s stock worth $7,942,000 after purchasing an additional 8,456 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Brunswick by 2.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,917,051 shares of the company’s stock worth $185,483,000 after purchasing an additional 47,053 shares during the period. Finally, Lord Abbett & CO. LLC acquired a new stake in shares of Brunswick during the first quarter worth $38,655,000. Institutional investors and hedge funds own 99.34% of the company’s stock.

Insider Activity

In other Brunswick news, VP Brenna Preisser sold 1,225 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $82.09, for a total value of $100,560.25. Following the transaction, the vice president now directly owns 58,076 shares of the company’s stock, valued at approximately $4,767,458.84. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Brunswick news, VP Brenna Preisser sold 1,225 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $82.09, for a total value of $100,560.25. Following the transaction, the vice president now directly owns 58,076 shares of the company’s stock, valued at approximately $4,767,458.84. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Nancy E. Cooper sold 357 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $80.34, for a total value of $28,681.38. Following the completion of the sale, 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. Corporate insiders own 0.81% of the company’s stock.

Analyst Ratings Changes

BC has been the subject of several recent research reports. Truist Financial decreased their price target on Brunswick from $95.00 to $90.00 and set a “buy” rating for the company in a report on Monday, July 8th. 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. Morgan Stanley reduced their target price on Brunswick from $91.00 to $86.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. B. Riley reduced their target price on Brunswick from $108.00 to $97.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Finally, Stifel Nicolaus reduced their target price on Brunswick from $97.00 to $95.00 and set a “buy” rating for the company in a report on Friday, July 12th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.31.

Brunswick Trading Down 3.4 %

BC traded down $2.67 during midday trading on Tuesday, hitting $75.30. The company’s stock had a trading volume of 60,621 shares, compared to its average volume of 736,034. The company has a current ratio of 1.68, a quick ratio of 0.75 and a debt-to-equity ratio of 1.16. The firm has a market cap of $5.09 billion, a P/E ratio of 13.96 and a beta of 1.52. The firm has a 50-day moving average price of $76.51 and a two-hundred day moving average price of $83.39. Brunswick Co. has a 52-week low of $66.47 and a 52-week high of $99.68.

Brunswick (NYSE:BC) last posted its quarterly earnings results on Thursday, April 25th. The company reported $1.35 EPS for the quarter, missing the consensus estimate of $1.36 by ($0.01). The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Brunswick had a net margin of 6.24% and a return on equity of 25.37%. The firm’s quarterly revenue was down 21.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.57 EPS. On average, research analysts anticipate that Brunswick Co. will post 7.18 earnings per share for the current year.

Brunswick Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Wednesday, August 21st will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend is Wednesday, August 21st. Brunswick’s dividend payout ratio is currently 31.23%.

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.