State of Alaska Department of Revenue Acquires 260 Shares of Brunswick Co. (NYSE:BC)

State of Alaska Department of Revenue raised its stake in shares of Brunswick Co. (NYSE:BC) by 3.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,691 shares of the company’s stock after purchasing an additional 260 shares during the period. State of Alaska Department of Revenue’s holdings in Brunswick were worth $644,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BC. V Square Quantitative Management LLC bought a new stake in shares of Brunswick in the 3rd quarter valued at $26,000. Allspring Global Investments Holdings LLC boosted its position in Brunswick by 43,700.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 438 shares of the company’s stock valued at $42,000 after acquiring an additional 437 shares during the last quarter. J.Safra Asset Management Corp grew its holdings in Brunswick by 77.1% during the 1st quarter. J.Safra Asset Management Corp now owns 602 shares of the company’s stock worth $58,000 after acquiring an additional 262 shares during the period. GAMMA Investing LLC raised its position in shares of 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 acquiring an additional 555 shares in the last quarter. Finally, Fifth Third Bancorp lifted its stake 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 purchasing an additional 483 shares during the period. 99.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on BC shares. Stifel Nicolaus decreased their target price on Brunswick from $97.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, July 12th. Benchmark reaffirmed a “buy” rating and set a $100.00 price objective on shares of Brunswick in a research report on Friday, October 25th. Citigroup boosted their target price on shares of Brunswick from $92.00 to $101.00 and gave the company a “buy” rating in a research report on Friday, September 27th. JPMorgan Chase & Co. reduced their price target on shares of Brunswick from $78.00 to $75.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. Finally, Robert W. Baird dropped their price objective on shares of Brunswick from $95.00 to $93.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $89.23.

Brunswick Price Performance

Shares of NYSE BC opened at $83.51 on Friday. The stock has a market cap of $5.51 billion, a price-to-earnings ratio of 20.77 and a beta of 1.51. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.74 and a current ratio of 1.97. Brunswick Co. has a fifty-two week low of $69.05 and a fifty-two week high of $99.68. The firm’s 50-day simple moving average is $80.91 and its 200 day simple moving average is $78.91.

Brunswick Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 20th will be given a dividend of $0.42 per share. The ex-dividend date is Wednesday, November 20th. This represents a $1.68 annualized dividend and a dividend yield of 2.01%. Brunswick’s payout ratio is 41.79%.

Insider Buying and Selling

In other Brunswick news, CEO David M. Foulkes sold 23,829 shares of the firm’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $80.22, for a total transaction of $1,911,562.38. Following the transaction, the chief executive officer now directly owns 251,094 shares in the company, valued at approximately $20,142,760.68. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Joseph W. Mcclanathan sold 4,745 shares of the business’s 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 transaction, the director now owns 19,218 shares in the company, valued at $1,540,130.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David M. Foulkes sold 23,829 shares of the stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $80.22, for a total value of $1,911,562.38. Following the sale, the chief executive officer now directly owns 251,094 shares of the company’s stock, valued at $20,142,760.68. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,940 shares of company stock worth $2,321,176. 0.81% of the stock is owned by corporate insiders.

Brunswick Company 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.