Teachers Retirement System of The State of Kentucky Takes $7.75 Million Position in Brunswick Co. (NYSE:BC)

Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Brunswick Co. (NYSE:BC – Get Rating) in the third quarter, Holdings Channel.com reports. The fund acquired 118,428 shares of the company’s stock, valued at approximately $7,751,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Neo Ivy Capital Management acquired a new stake in shares of Brunswick during the 2nd quarter valued at $46,000. Wipfli Financial Advisors LLC acquired a new stake in Brunswick during the 3rd quarter valued at $50,000. Covestor Ltd raised its stake in Brunswick by 200.3% during the 1st quarter. Covestor Ltd now owns 961 shares of the company’s stock valued at $78,000 after purchasing an additional 641 shares during the period. CWM LLC raised its stake in Brunswick by 23.3% during the 3rd quarter. CWM LLC now owns 975 shares of the company’s stock valued at $64,000 after purchasing an additional 184 shares during the period. Finally, Quadrant Capital Group LLC raised its stake in Brunswick by 21.2% during the 3rd quarter. Quadrant Capital Group LLC now owns 1,366 shares of the company’s stock valued at $89,000 after purchasing an additional 239 shares during the period. Institutional investors and hedge funds own 93.01% of the company’s stock.

Brunswick Trading Down 5.4 %

Brunswick stock opened at $75.99 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.81 and a quick ratio of 0.82. The company has a market capitalization of $5.41 billion, a price-to-earnings ratio of 8.93 and a beta of 1.53. Brunswick Co. has a one year low of $61.89 and a one year high of $94.60. The company’s fifty day moving average price is $84.20 and its two-hundred day moving average price is $75.86.

Brunswick (NYSE:BC – Get Rating) last posted its earnings results on Thursday, February 2nd. The company reported $1.99 EPS for the quarter, topping the consensus estimate of $1.97 by $0.02. The firm had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.66 billion. Brunswick had a net margin of 9.94% and a return on equity of 37.56%. The business’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.44 earnings per share. On average, analysts forecast that Brunswick Co. will post 10.36 earnings per share for the current fiscal year.

Brunswick Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Shareholders of record on Monday, February 27th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.11%. This is an increase from Brunswick’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Friday, February 24th. Brunswick’s dividend payout ratio is presently 17.80%.

Insiders Place Their Bets

In other Brunswick news, VP Christopher F. Dekker sold 7,353 shares of the company’s stock in a transaction dated Thursday, February 16th. The shares were sold at an average price of $88.29, for a total transaction of $649,196.37. Following the completion of the sale, the vice president now directly owns 41,455 shares in the company, valued at $3,660,061.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Brunswick news, CFO Ryan M. Gwillim sold 5,710 shares of the company’s stock in a transaction dated Thursday, February 16th. The shares were sold at an average price of $88.28, for a total transaction of $504,078.80. Following the completion of the sale, the chief financial officer now directly owns 28,522 shares in the company, valued at $2,517,922.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Christopher F. Dekker sold 7,353 shares of the company’s stock in a transaction dated Thursday, February 16th. The shares were sold at an average price of $88.29, for a total transaction of $649,196.37. Following the sale, the vice president now owns 41,455 shares of the company’s stock, valued at $3,660,061.95. The disclosure for this sale can be found here. Insiders have sold 13,234 shares of company stock valued at $1,167,542 over the last three months. 0.58% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. B. Riley boosted their target price on shares of Brunswick from $88.00 to $108.00 and gave the company a “buy” rating in a research note on Friday, February 3rd. DA Davidson boosted their target price on shares of Brunswick from $82.00 to $92.00 and gave the company a “neutral” rating in a research note on Tuesday, February 7th. Citigroup boosted their target price on shares of Brunswick from $104.00 to $106.00 and gave the company a “buy” rating in a research note on Friday, February 3rd. StockNews.com assumed coverage on shares of Brunswick in a research note on Thursday. They set a “buy” rating on the stock. Finally, BMO Capital Markets upped their price target on shares of Brunswick from $110.00 to $122.00 in a research note on Friday, February 3rd. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, Brunswick presently has a consensus rating of “Moderate Buy” and an average price target of $102.77.

About Brunswick

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Brunswick Corp. engages in the design, manufacture, and marketing of recreational marine products, including marine engines, boats, and parts and accessories for those products. It operates through the following segments: Propulsion, Parts and Accessories, Boat, and Corporate/Other. The Propulsion segment manufactures a full range of outboard, sterndrive, and inboard engines, as well as propulsion-related controls, propellers, and rigging parts and accessories.