Mutual of America Capital Management LLC Decreases Holdings in Brunswick Co. (NYSE:BC)

Mutual of America Capital Management LLC lowered its position in Brunswick Co. (NYSE:BC) by 6.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,609 shares of the company’s stock after selling 2,861 shares during the period. Mutual of America Capital Management LLC’s holdings in Brunswick were worth $4,122,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Alps Advisors Inc. grew its holdings in Brunswick by 224.7% in the third quarter. Alps Advisors Inc. now owns 49,446 shares of the company’s stock valued at $3,906,000 after purchasing an additional 34,220 shares during the last quarter. Victory Capital Management Inc. grew its stake in Brunswick by 127.6% in the 3rd quarter. Victory Capital Management Inc. now owns 866,226 shares of the company’s stock valued at $68,432,000 after acquiring an additional 485,588 shares during the last quarter. International Assets Investment Management LLC purchased a new position in Brunswick during the 4th quarter valued at about $20,460,000. Envestnet Asset Management Inc. increased its holdings in Brunswick by 29.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 144,584 shares of the company’s stock valued at $11,422,000 after acquiring an additional 32,901 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its position in Brunswick by 10.6% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 156,596 shares of the company’s stock worth $12,371,000 after acquiring an additional 15,042 shares during the last quarter. 99.34% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP Christopher F. Dekker sold 6,234 shares of Brunswick stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $84.53, for a total value of $526,960.02. Following the transaction, the vice president now directly owns 35,176 shares of the company’s stock, valued at approximately $2,973,427.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP Christopher F. Dekker sold 6,234 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $84.53, for a total value of $526,960.02. Following the completion of the sale, the vice president now owns 35,176 shares of the company’s stock, valued at $2,973,427.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Ryan M. Gwillim sold 9,036 shares of Brunswick stock in a transaction on Friday, February 16th. The shares were sold at an average price of $87.10, for a total transaction of $787,035.60. Following the transaction, the chief financial officer now owns 28,966 shares in the company, valued at approximately $2,522,938.60. The disclosure for this sale can be found here. Insiders sold 52,696 shares of company stock worth $4,574,199 over the last three months. 0.81% of the stock is owned by insiders.

Brunswick Price Performance

Brunswick stock opened at $84.89 on Wednesday. Brunswick Co. has a 1 year low of $66.47 and a 1 year high of $99.68. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.59 and a current ratio of 1.43. The firm has a 50 day moving average price of $89.45 and a 200 day moving average price of $84.50. The company has a market cap of $5.84 billion, a price-to-earnings ratio of 14.27 and a beta of 1.56.

Brunswick (NYSE:BC) last announced its quarterly earnings results on Thursday, February 1st. The company reported $1.45 earnings per share for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.21). The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.44 billion. Brunswick had a net margin of 6.57% and a return on equity of 29.78%. The firm’s revenue for the quarter was down 14.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.99 EPS. Sell-side analysts predict that Brunswick Co. will post 7.49 earnings per share for the current year.

Brunswick Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, February 26th were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date was Friday, February 23rd. This is an increase from Brunswick’s previous quarterly dividend of $0.40. Brunswick’s payout ratio is 28.24%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BC. Stifel Nicolaus raised their price objective on shares of Brunswick from $88.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. B. Riley raised Brunswick from a “neutral” rating to a “buy” rating and raised their price target for the stock from $100.00 to $108.00 in a research report on Tuesday, February 20th. Truist Financial reduced their price objective on Brunswick from $115.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, February 2nd. BNP Paribas reiterated a “neutral” rating and set a $82.00 price objective (down previously from $94.00) on shares of Brunswick in a research report on Monday. Finally, Roth Mkm upped their target price on shares of Brunswick from $85.00 to $94.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Brunswick has a consensus rating of “Moderate Buy” and an average price target of $92.69.

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.