Amalgamated Bank Decreases Holdings in Brunswick Corporation (NYSE:BC)

Amalgamated Bank trimmed its holdings in shares of Brunswick Corporation (NYSE:BC) by 3.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,392 shares of the company’s stock after selling 1,202 shares during the period. Amalgamated Bank’s holdings in Brunswick were worth $1,637,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its position in shares of Brunswick by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 715,358 shares of the company’s stock worth $46,269,000 after purchasing an additional 14,089 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Brunswick during the fourth quarter worth about $2,827,000. Raymond James Financial Inc. acquired a new stake in shares of Brunswick during the fourth quarter worth about $29,646,000. Ashton Thomas Private Wealth LLC increased its position in shares of Brunswick by 38.4% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 8,884 shares of the company’s stock worth $575,000 after purchasing an additional 2,463 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Brunswick by 56.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,537 shares of the company’s stock worth $358,000 after purchasing an additional 1,992 shares in the last quarter. 99.34% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Brunswick

In other news, VP Christopher F. Dekker sold 2,092 shares of Brunswick stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $58.47, for a total value of $122,319.24. Following the completion of the sale, the vice president owned 44,466 shares of the company’s stock, valued at $2,599,927.02. The trade was a 4.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.85% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

BC has been the topic of several recent analyst reports. DA Davidson reiterated a “neutral” rating and set a $43.00 target price (down previously from $64.00) on shares of Brunswick in a research report on Monday, April 28th. Benchmark initiated coverage on Brunswick in a research report on Monday, April 28th. They set a “buy” rating and a $70.00 target price on the stock. Citigroup reiterated a “buy” rating and set a $68.00 target price (up previously from $61.00) on shares of Brunswick in a research report on Monday, June 16th. Baird R W cut Brunswick from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Finally, Jefferies Financial Group dropped their target price on Brunswick from $64.00 to $45.00 and set a “hold” rating on the stock in a research report on Thursday, April 24th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.00.

Brunswick Stock Performance

Brunswick stock opened at $59.44 on Monday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 1.57. The stock has a fifty day moving average of $52.90 and a two-hundred day moving average of $57.04. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of 49.12 and a beta of 1.27. Brunswick Corporation has a fifty-two week low of $41.00 and a fifty-two week high of $87.65.

Brunswick (NYSE:BC) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.31. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.14 billion. Brunswick had a return on equity of 12.88% and a net margin of 1.62%. Brunswick’s revenue was down 10.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.35 earnings per share. On average, analysts anticipate that Brunswick Corporation will post 4.19 EPS for the current fiscal year.

Brunswick Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, May 19th were given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend was Monday, May 19th. Brunswick’s dividend payout ratio is currently 142.15%.

About 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.