Brunswick Co. (NYSE:BC) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its stake in shares of Brunswick Co. (NYSE:BC) by 2.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,855 shares of the company’s stock after selling 937 shares during the period. Mutual of America Capital Management LLC owned approximately 0.05% of Brunswick worth $2,254,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Armstrong Advisory Group Inc. bought a new position in shares of Brunswick in the fourth quarter valued at approximately $39,000. Financial Perspectives Inc acquired a new stake in Brunswick during the fourth quarter valued at approximately $42,000. Avior Wealth Management LLC boosted its holdings in Brunswick by 1,073.7% during the third quarter. Avior Wealth Management LLC now owns 669 shares of the company’s stock worth $56,000 after buying an additional 612 shares in the last quarter. Covestor Ltd grew its position in Brunswick by 669.0% in the third quarter. Covestor Ltd now owns 969 shares of the company’s stock worth $81,000 after buying an additional 843 shares during the last quarter. Finally, KBC Group NV increased its holdings in shares of Brunswick by 21.7% in the third quarter. KBC Group NV now owns 2,025 shares of the company’s stock valued at $170,000 after buying an additional 361 shares in the last quarter. 99.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BC has been the subject of a number of recent analyst reports. Truist Financial decreased their price target on Brunswick from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. Stifel Nicolaus decreased their price target on shares of Brunswick from $95.00 to $86.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. Morgan Stanley increased their price objective on Brunswick from $64.00 to $65.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. DA Davidson decreased their target price on shares of Brunswick from $80.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, January 22nd. Finally, Robert W. Baird set a $90.00 price target on shares of Brunswick in a research note on Friday, January 31st. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.62.

Brunswick Stock Up 0.7 %

BC stock opened at $59.18 on Friday. Brunswick Co. has a twelve month low of $55.40 and a twelve month high of $96.65. The company has a quick ratio of 0.63, a current ratio of 1.65 and a debt-to-equity ratio of 1.11. The company has a market cap of $3.90 billion, a PE ratio of 31.15 and a beta of 1.54. The business’s 50-day simple moving average is $65.01 and its 200 day simple moving average is $74.19.

Brunswick (NYSE:BC) last announced its quarterly earnings results 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 net margin of 2.48% and a return on equity of 15.41%. During the same quarter in the previous year, the business earned $1.45 earnings per share. On average, research analysts anticipate that Brunswick Co. will post 4.19 earnings per share for the current year.

Brunswick Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, February 24th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Monday, February 24th. This is an increase from Brunswick’s previous quarterly dividend of $0.42. Brunswick’s payout ratio is currently 90.53%.

Insider Transactions at Brunswick

In other Brunswick news, Director Nancy E. Cooper sold 433 shares of Brunswick stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $65.65, for a total value of $28,426.45. Following the completion of the transaction, the director now owns 25,361 shares in the company, valued at approximately $1,664,949.65. The trade was a 1.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Randall S. Altman sold 3,417 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $63.21, for a total value of $215,988.57. Following the sale, the senior vice president now owns 26,683 shares in the company, valued at $1,686,632.43. The trade was a 11.35 % decrease in their position. The disclosure for this sale can be found here. 0.81% of the stock is owned by 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.