New York State Common Retirement Fund lifted its position in shares of Brunswick Co. (NYSE:BC - Free Report) by 447.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 271,681 shares of the company's stock after acquiring an additional 222,062 shares during the quarter. New York State Common Retirement Fund owned approximately 0.40% of Brunswick worth $22,772,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new position in Brunswick in the 3rd quarter worth about $26,000. Allspring Global Investments Holdings LLC boosted its stake in Brunswick by 43,700.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 438 shares of the company's stock worth $42,000 after purchasing an additional 437 shares during the period. J.Safra Asset Management Corp boosted its stake in Brunswick by 77.1% in the 1st quarter. J.Safra Asset Management Corp now owns 602 shares of the company's stock worth $58,000 after purchasing an additional 262 shares during the period. GAMMA Investing LLC boosted its stake in Brunswick by 92.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,155 shares of the company's stock worth $97,000 after purchasing an additional 555 shares during the period. Finally, Fifth Third Bancorp raised its holdings in shares of Brunswick by 47.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,511 shares of the company's stock valued at $110,000 after acquiring an additional 483 shares in the last quarter. Institutional investors own 99.34% of the company's stock.
Shares of Brunswick stock opened at $80.61 on Tuesday. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.97 and a quick ratio of 0.74. The business's 50 day simple moving average is $80.70 and its two-hundred day simple moving average is $78.85. The stock has a market capitalization of $5.32 billion, a P/E ratio of 20.05 and a beta of 1.51. Brunswick Co. has a one year low of $69.05 and a one year high of $99.68.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 20th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $1.68 dividend on an annualized basis and a yield of 2.08%. Brunswick's dividend payout ratio (DPR) is currently 41.79%.
In other news, Director Joseph W. Mcclanathan sold 4,745 shares of Brunswick stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $80.14, for a total value of $380,264.30. Following the sale, the director now directly owns 19,218 shares in the company, valued at approximately $1,540,130.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Joseph W. Mcclanathan sold 4,745 shares of Brunswick stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $80.14, for a total value of $380,264.30. Following the sale, the director now directly owns 19,218 shares in the company, valued at approximately $1,540,130.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David M. Foulkes sold 23,829 shares of Brunswick stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $80.22, for a total value of $1,911,562.38. Following the completion of the sale, the chief executive officer now owns 251,094 shares in the company, valued at approximately $20,142,760.68. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,940 shares of company stock valued at $2,321,176 in the last ninety days. Company insiders own 0.81% of the company's stock.
Several research firms have weighed in on BC. Roth Mkm reaffirmed a "buy" rating and issued a $94.00 price target on shares of Brunswick in a report on Thursday, July 25th. Citigroup raised their price target on Brunswick from $92.00 to $101.00 and gave the company a "buy" rating in a report on Friday, September 27th. Northcoast Research raised Brunswick from a "neutral" rating to a "buy" rating and set a $100.00 price target on the stock in a report on Monday, July 29th. JPMorgan Chase & Co. lowered their price target on Brunswick from $78.00 to $75.00 and set a "neutral" rating on the stock in a report on Wednesday, July 24th. Finally, Jefferies Financial Group reaffirmed a "hold" rating and issued a $70.00 price target (down previously from $115.00) on shares of Brunswick in a report on Friday, July 26th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, Brunswick has a consensus rating of "Moderate Buy" and a consensus target price of $89.23.
Check Out Our Latest Analysis on Brunswick
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.
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