Brunswick Co. (NYSE:BC) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama lowered its stake in shares of Brunswick Co. (NYSE:BC) by 53.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,230 shares of the company’s stock after selling 93,015 shares during the quarter. Retirement Systems of Alabama’s holdings in Brunswick were worth $5,189,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Hodges Capital Management Inc. lifted its stake in Brunswick by 25.4% during the fourth quarter. Hodges Capital Management Inc. now owns 146,993 shares of the company’s stock worth $9,508,000 after purchasing an additional 29,750 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. lifted its stake in Brunswick by 8.0% in the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 204,897 shares of the company’s stock valued at $13,253,000 after buying an additional 15,122 shares during the last quarter. Hunter Associates Investment Management LLC lifted its stake in Brunswick by 2.5% in the fourth quarter. Hunter Associates Investment Management LLC now owns 18,127 shares of the company’s stock valued at $1,170,000 after buying an additional 447 shares during the last quarter. Pacer Advisors Inc. lifted its stake in Brunswick by 2.0% in the fourth quarter. Pacer Advisors Inc. now owns 9,861 shares of the company’s stock valued at $638,000 after buying an additional 190 shares during the last quarter. Finally, KBC Group NV lifted its stake in Brunswick by 42.8% in the fourth quarter. KBC Group NV now owns 2,892 shares of the company’s stock valued at $187,000 after buying an additional 867 shares during the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

Brunswick Stock Performance

Shares of NYSE:BC opened at $65.54 on Tuesday. The business has a fifty day moving average of $68.55 and a 200-day moving average of $76.02. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 1.65. The firm has a market cap of $4.32 billion, a PE ratio of 34.50 and a beta of 1.54. Brunswick Co. has a twelve month low of $62.64 and a twelve month high of $96.65.

Brunswick (NYSE:BC) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. Brunswick had a return on equity of 15.41% and a net margin of 2.48%. During the same period last year, the business earned $1.45 earnings per share. On average, equities research analysts predict that Brunswick Co. will post 4.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BC. Stifel Nicolaus cut their price objective on shares of Brunswick from $95.00 to $86.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th. Truist Financial cut their price objective on shares of Brunswick from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. Roth Mkm cut their price objective on shares of Brunswick from $91.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Benchmark cut their price objective on shares of Brunswick from $100.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Finally, DA Davidson cut their price objective on shares of Brunswick from $80.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 22nd. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $81.85.

Insider Activity

In related news, Director Nancy E. Cooper sold 433 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $65.65, for a total value of $28,426.45. Following the sale, the director now directly owns 25,361 shares of the company’s stock, valued at approximately $1,664,949.65. The trade was a 1.68 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.81% of the stock is owned by company insiders.

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.