State of Alaska Department of Revenue Lowers Position in Brunswick Co. (NYSE:BC)

State of Alaska Department of Revenue trimmed its position in Brunswick Co. (NYSE:BC) by 2.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,526 shares of the company’s stock after selling 165 shares during the period. State of Alaska Department of Revenue’s holdings in Brunswick were worth $486,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in BC. Nisa Investment Advisors LLC lifted its holdings in Brunswick by 0.5% in the third quarter. Nisa Investment Advisors LLC now owns 26,731 shares of the company’s stock valued at $2,241,000 after acquiring an additional 145 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Brunswick by 3.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,647 shares of the company’s stock worth $390,000 after purchasing an additional 174 shares during the period. Pacer Advisors Inc. increased its holdings in shares of Brunswick by 2.0% in the 4th quarter. Pacer Advisors Inc. now owns 9,861 shares of the company’s stock valued at $638,000 after purchasing an additional 190 shares in the last quarter. CWM LLC lifted its stake in shares of Brunswick by 21.6% in the third quarter. CWM LLC now owns 1,323 shares of the company’s stock valued at $111,000 after purchasing an additional 235 shares during the period. Finally, US Bancorp DE boosted its holdings in Brunswick by 3.0% during the third quarter. US Bancorp DE now owns 8,214 shares of the company’s stock worth $689,000 after buying an additional 241 shares in the last quarter. Institutional investors own 99.34% of the company’s stock.

Insider Buying and Selling

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

Brunswick Price Performance

Shares of Brunswick stock opened at $65.55 on Friday. Brunswick Co. has a 1-year low of $62.64 and a 1-year high of $96.65. The firm’s 50-day moving average price is $67.50 and its two-hundred day moving average price is $75.65. The company has a current ratio of 1.65, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $4.32 billion, a price-to-earnings ratio of 34.50 and a beta of 1.54.

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

Brunswick Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, February 24th will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.62%. This is an increase from Brunswick’s previous quarterly dividend of $0.42. The ex-dividend date is Monday, February 24th. Brunswick’s dividend payout ratio (DPR) is currently 88.42%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on BC shares. Morgan Stanley increased their target price on Brunswick from $64.00 to $65.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Truist Financial decreased their price objective on Brunswick from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. Stifel Nicolaus reduced their target price on shares of Brunswick from $95.00 to $86.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Benchmark lowered their price target on shares of Brunswick from $100.00 to $90.00 and set a “buy” rating for the company in a report on Friday, January 31st. Finally, DA Davidson reduced 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 equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $81.85.

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.