Zurcher Kantonalbank Zurich Cantonalbank decreased its position in Brunswick Co. (NYSE:BC) by 13.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,815 shares of the company’s stock after selling 929 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Brunswick were worth $293,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BC. FNY Investment Advisers LLC bought a new position in shares of Brunswick in the 1st quarter valued at about $25,000. Oregon Public Employees Retirement Fund grew its holdings in shares of Brunswick by 4,579.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,604,197 shares of the company’s stock valued at $35,000 after acquiring an additional 1,569,918 shares in the last quarter. First Mercantile Trust Co. grew its holdings in shares of Brunswick by 15.7% in the 4th quarter. First Mercantile Trust Co. now owns 2,140 shares of the company’s stock valued at $99,000 after acquiring an additional 290 shares in the last quarter. New England Research & Management Inc. bought a new position in shares of Brunswick in the 1st quarter valued at about $206,000. Finally, B. Riley Financial Inc. bought a new position in shares of Brunswick in the 4th quarter valued at about $232,000. 95.63% of the stock is currently owned by hedge funds and other institutional investors.
Shares of BC stock opened at $50.20 on Wednesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.61 and a quick ratio of 0.79. The company has a market cap of $4.36 billion, a price-to-earnings ratio of 10.54, a P/E/G ratio of 1.02 and a beta of 1.63. Brunswick Co. has a 12-month low of $41.92 and a 12-month high of $69.82.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Tuesday, May 21st will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, May 20th. This represents a $0.84 annualized dividend and a yield of 1.67%. Brunswick’s dividend payout ratio (DPR) is presently 17.61%.
BC has been the subject of a number of research analyst reports. Longbow Research set a $68.00 price target on Brunswick and gave the stock a “buy” rating in a report on Friday, April 26th. JPMorgan Chase & Co. upgraded Brunswick from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $52.00 to $67.00 in a report on Monday, February 25th. Northcoast Research reiterated a “buy” rating on shares of Brunswick in a report on Friday, April 26th. TheStreet upgraded Brunswick from a “c” rating to a “b-” rating in a report on Thursday, January 31st. Finally, Zacks Investment Research upgraded Brunswick from a “sell” rating to a “hold” rating in a report on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $69.64.
In other Brunswick news, VP Daniel J. Tanner sold 3,373 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $53.28, for a total transaction of $179,713.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Christopher F. Dekker sold 1,599 shares of the firm’s stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $49.94, for a total transaction of $79,854.06. Following the sale, the vice president now owns 32,323 shares of the company’s stock, valued at $1,614,210.62. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.
Brunswick Corporation designs, manufactures, and markets recreation products worldwide. The company's Marine Engine segment offers outboard, sterndrive, and inboard engine and propulsion systems; marine electronics and control integration systems, steering systems, instruments, controls, propellers, trolling motors, fuel systems, electrical systems, service parts, and lubricants; and integrated propulsion systems to the recreational and commercial marine markets, as well as parts and accessories.
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