New York State Common Retirement Fund Purchases 99,391 Shares of Brunswick Corporation $BC

New York State Common Retirement Fund increased its position in Brunswick Corporation (NYSE:BC) by 33.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 399,962 shares of the company’s stock after acquiring an additional 99,391 shares during the period. New York State Common Retirement Fund owned about 0.61% of Brunswick worth $22,094,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Brunswick during the second quarter valued at $27,990,000. Dimensional Fund Advisors LP raised its position in Brunswick by 20.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,504,407 shares of the company’s stock worth $134,857,000 after buying an additional 420,369 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Brunswick by 194.2% during the 2nd quarter. Franklin Resources Inc. now owns 574,352 shares of the company’s stock valued at $31,727,000 after acquiring an additional 379,155 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Brunswick by 22.7% during the 2nd quarter. American Century Companies Inc. now owns 1,472,467 shares of the company’s stock valued at $81,339,000 after acquiring an additional 272,815 shares during the last quarter. Finally, Nuveen LLC bought a new stake in shares of Brunswick in the first quarter worth approximately $12,547,000. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

Brunswick Stock Performance

Shares of NYSE BC opened at $67.12 on Tuesday. The stock has a market cap of $4.37 billion, a PE ratio of -18.44 and a beta of 1.40. Brunswick Corporation has a 1 year low of $41.00 and a 1 year high of $81.13. The firm has a fifty day moving average price of $64.67 and a 200-day moving average price of $61.13. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.78 and a quick ratio of 0.73.

Brunswick (NYSE:BC) last issued its earnings results on Thursday, October 23rd. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.13. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.26 billion. Brunswick had a negative net margin of 4.60% and a positive return on equity of 10.55%. Brunswick’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.17 EPS. Brunswick has set its FY 2025 guidance at 3.250-3.25 EPS. Equities analysts anticipate that Brunswick Corporation will post 4.19 earnings per share for the current fiscal year.

Brunswick Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Wednesday, November 26th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $1.72 dividend on an annualized basis and a yield of 2.6%. Brunswick’s payout ratio is currently -47.25%.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Jefferies Financial Group reaffirmed a “hold” rating and issued a $65.00 target price on shares of Brunswick in a research report on Thursday, October 23rd. B. Riley upped their price objective on Brunswick from $60.00 to $70.00 and gave the company a “neutral” rating in a research report on Monday, September 8th. Wall Street Zen raised Brunswick from a “hold” rating to a “buy” rating in a research report on Saturday. Zacks Research lowered shares of Brunswick from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Finally, BMO Capital Markets raised their price objective on shares of Brunswick from $65.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. Seven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $73.54.

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.