Strs Ohio Buys Shares of 3,825 Brunswick Co. (NYSE:BC)

Strs Ohio acquired a new position in Brunswick Co. (NYSE:BC) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,825 shares of the company’s stock, valued at approximately $246,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Brunswick by 18.1% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,618 shares of the company’s stock worth $334,000 after acquiring an additional 861 shares during the last quarter. Amalgamated Bank lifted its holdings in shares of Brunswick by 5.1% in the 1st quarter. Amalgamated Bank now owns 19,191 shares of the company’s stock worth $1,140,000 after acquiring an additional 934 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in Brunswick by 11.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 9,090 shares of the company’s stock valued at $585,000 after buying an additional 940 shares during the last quarter. Icon Advisers Inc. Co. raised its holdings in Brunswick by 0.7% during the 2nd quarter. Icon Advisers Inc. Co. now owns 197,163 shares of the company’s stock valued at $12,713,000 after buying an additional 1,400 shares during the last quarter. Finally, Grandfield & Dodd LLC raised its holdings in Brunswick by 0.9% during the 2nd quarter. Grandfield & Dodd LLC now owns 192,530 shares of the company’s stock valued at $12,414,000 after buying an additional 1,748 shares during the last quarter. Hedge funds and other institutional investors own 96.27% of the company’s stock.

Brunswick stock traded down $0.95 during mid-day trading on Friday, reaching $63.30. 480,423 shares of the company traded hands, compared to its average volume of 840,131. The company has a current ratio of 1.70, a quick ratio of 0.96 and a debt-to-equity ratio of 0.29. The company has a market cap of $5.81 billion, a P/E ratio of 16.27, a PEG ratio of 1.18 and a beta of 1.70. Brunswick Co. has a 52-week low of $48.04 and a 52-week high of $69.82.

Brunswick (NYSE:BC) last issued its quarterly earnings data on Thursday, July 26th. The company reported $1.50 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.55 by ($0.05). The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Brunswick had a net margin of 2.38% and a return on equity of 24.14%. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.35 earnings per share. Analysts predict that Brunswick Co. will post 4.63 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 14th. Shareholders of record on Tuesday, August 21st were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date was Monday, August 20th. Brunswick’s payout ratio is currently 19.54%.

BC has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of Brunswick from a “hold” rating to a “sell” rating in a report on Wednesday, September 26th. ValuEngine upgraded shares of Brunswick from a “hold” rating to a “buy” rating in a report on Friday, September 7th. Jefferies Financial Group reiterated a “hold” rating and set a $60.00 price target on shares of Brunswick in a report on Friday, July 27th. Citigroup upped their price target on shares of Brunswick from $69.00 to $81.00 and gave the company a “buy” rating in a report on Thursday, June 14th. Finally, Imperial Capital upped their price target on shares of Brunswick from $78.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, July 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $74.54.

In other Brunswick news, insider John C. Pfeifer sold 5,446 shares of the business’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $66.95, for a total transaction of $364,609.70. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by insiders.

Brunswick Profile

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, service parts, and lubricants; and diesel propulsion systems to the recreational and commercial marine markets.

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Institutional Ownership by Quarter for Brunswick (NYSE:BC)

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