59,297 Shares in Brunswick Corporation $BC Acquired by Public Sector Pension Investment Board

Public Sector Pension Investment Board purchased a new stake in Brunswick Corporation (NYSE:BC) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 59,297 shares of the company’s stock, valued at approximately $3,193,000. Public Sector Pension Investment Board owned approximately 0.09% of Brunswick as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP lifted its stake in Brunswick by 4,972.7% in the first quarter. Allworth Financial LP now owns 558 shares of the company’s stock valued at $30,000 after buying an additional 547 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Brunswick by 695.7% in the first quarter. UMB Bank n.a. now owns 732 shares of the company’s stock worth $39,000 after purchasing an additional 640 shares in the last quarter. First Horizon Advisors Inc. lifted its position in shares of Brunswick by 171.6% in the first quarter. First Horizon Advisors Inc. now owns 755 shares of the company’s stock worth $41,000 after purchasing an additional 477 shares in the last quarter. Signaturefd LLC lifted its position in shares of Brunswick by 451.0% in the first quarter. Signaturefd LLC now owns 810 shares of the company’s stock worth $44,000 after purchasing an additional 663 shares in the last quarter. Finally, Quarry LP bought a new stake in shares of Brunswick in the fourth quarter worth $45,000. Institutional investors own 99.34% of the company’s stock.

Wall Street Analyst Weigh In

BC has been the topic of a number of research reports. DA Davidson boosted their price objective on shares of Brunswick from $43.00 to $59.00 and gave the stock a “neutral” rating in a research report on Monday, July 28th. Benchmark initiated coverage on shares of Brunswick in a research report on Monday, April 28th. They issued a “buy” rating and a $70.00 price objective on the stock. Robert W. Baird boosted their price objective on shares of Brunswick from $56.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, May 16th. Jefferies Financial Group lowered their target price on shares of Brunswick from $64.00 to $45.00 and set a “hold” rating on the stock in a report on Thursday, April 24th. Finally, BMO Capital Markets lowered their target price on shares of Brunswick from $75.00 to $65.00 and set an “outperform” rating on the stock in a report on Friday, April 25th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Brunswick has an average rating of “Moderate Buy” and a consensus target price of $68.25.

Insider Activity at Brunswick

In other Brunswick news, VP Christopher F. Dekker sold 2,092 shares of the company’s stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $58.47, for a total value of $122,319.24. Following the transaction, the vice president directly owned 44,466 shares in the company, valued at $2,599,927.02. The trade was a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.85% of the stock is currently owned by corporate insiders.

Brunswick Price Performance

NYSE:BC opened at $63.17 on Tuesday. Brunswick Corporation has a one year low of $41.00 and a one year high of $87.65. The company has a market cap of $4.13 billion, a P/E ratio of 101.88 and a beta of 1.28. The firm’s fifty day moving average price is $58.80 and its two-hundred day moving average price is $55.65. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.68 and a quick ratio of 0.70.

Brunswick (NYSE:BC) last released its quarterly earnings data on Thursday, July 24th. The company reported $1.16 EPS for the quarter, beating the consensus estimate of $0.89 by $0.27. Brunswick had a net margin of 0.82% and a return on equity of 10.73%. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the previous year, the company earned $1.80 earnings per share. The company’s quarterly revenue was up .2% on a year-over-year basis. Equities analysts expect that Brunswick Corporation will post 4.19 earnings per share for the current year.

Brunswick Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Wednesday, August 20th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Wednesday, August 20th. Brunswick’s payout ratio is currently 277.42%.

About Brunswick

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.