New York State Teachers Retirement System Has $6.89 Million Position in Brunswick Co. (BC)

New York State Teachers Retirement System cut its stake in shares of Brunswick Co. (NYSE:BC) by 0.5% in the first quarter, HoldingsChannel.com reports. The firm owned 136,948 shares of the company’s stock after selling 700 shares during the quarter. New York State Teachers Retirement System’s holdings in Brunswick were worth $6,893,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in Brunswick by 3.0% in the third quarter. JPMorgan Chase & Co. now owns 2,738,404 shares of the company’s stock valued at $183,527,000 after acquiring an additional 78,502 shares in the last quarter. Vanguard Group Inc raised its holdings in Brunswick by 1.9% in the third quarter. Vanguard Group Inc now owns 7,493,427 shares of the company’s stock valued at $502,209,000 after acquiring an additional 136,697 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in Brunswick by 3.8% in the fourth quarter. State of Alaska Department of Revenue now owns 13,707 shares of the company’s stock valued at $635,000 after acquiring an additional 503 shares in the last quarter. BB&T Corp raised its holdings in Brunswick by 6.7% in the fourth quarter. BB&T Corp now owns 17,193 shares of the company’s stock valued at $798,000 after acquiring an additional 1,087 shares in the last quarter. Finally, Strs Ohio raised its holdings in Brunswick by 2,046.0% in the fourth quarter. Strs Ohio now owns 105,090 shares of the company’s stock valued at $4,881,000 after acquiring an additional 100,193 shares in the last quarter. 96.19% of the stock is owned by institutional investors and hedge funds.

BC stock opened at $45.54 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.79 and a current ratio of 1.61. Brunswick Co. has a twelve month low of $41.92 and a twelve month high of $69.82. The company has a market cap of $4.09 billion, a price-to-earnings ratio of 9.55, a P/E/G ratio of 1.02 and a beta of 1.63.

Brunswick (NYSE:BC) last released its quarterly earnings data on Thursday, April 25th. The company reported $0.99 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.99. Brunswick had a net margin of 2.99% and a return on equity of 27.01%. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter last year, the company earned $1.01 earnings per share. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, analysts predict that Brunswick Co. will post 4.65 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Tuesday, May 21st will be issued a dividend of $0.21 per share. The ex-dividend date is Monday, May 20th. This represents a $0.84 dividend on an annualized basis and a yield of 1.84%. Brunswick’s payout ratio is currently 17.61%.

Several analysts recently weighed in on the stock. ValuEngine raised shares of Brunswick from a “sell” rating to a “hold” rating in a report on Monday, February 25th. JPMorgan Chase & Co. raised shares of Brunswick from a “neutral” rating to an “overweight” rating and raised their target price for the company from $52.00 to $67.00 in a report on Monday, February 25th. Northcoast Research reaffirmed a “buy” rating on shares of Brunswick in a report on Friday, April 26th. Zacks Investment Research raised shares of Brunswick from a “sell” rating to a “hold” rating in a report on Wednesday, April 3rd. Finally, Longbow Research set a $68.00 target price on shares of Brunswick and gave the company a “buy” rating in a report on Friday, April 26th. Two analysts have rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $69.64.

In other Brunswick news, VP Daniel J. Tanner sold 3,373 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $53.28, for a total transaction of $179,713.44. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.20% of the stock is currently owned by company insiders.

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About Brunswick

Brunswick Corporation designs, manufactures, and markets recreation products worldwide. The company's Marine Engine segment offers outboard, sterndrive, and inboard engine and propulsion systems; marine electronics and control integration systems, steering systems, instruments, controls, propellers, trolling motors, fuel systems, electrical systems, service parts, and lubricants; and integrated propulsion systems to the recreational and commercial marine markets, as well as parts and accessories.

Further Reading: Buy-Side Analysts

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Institutional Ownership by Quarter for Brunswick (NYSE:BC)

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