New York State Teachers Retirement System Sells 21,665 Shares of Brunswick Corporation (NYSE:BC)

New York State Teachers Retirement System reduced its position in shares of Brunswick Corporation (NYSE:BC - Free Report) by 26.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,491 shares of the company's stock after selling 21,665 shares during the period. New York State Teachers Retirement System owned about 0.09% of Brunswick worth $3,311,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. UMB Bank n.a. raised its position in shares of Brunswick by 695.7% during the 1st quarter. UMB Bank n.a. now owns 732 shares of the company's stock valued at $39,000 after acquiring an additional 640 shares in the last quarter. Quarry LP bought a new stake in shares of Brunswick during the 4th quarter valued at about $45,000. Fifth Third Bancorp grew its position in shares of Brunswick by 33.3% during the 1st quarter. Fifth Third Bancorp now owns 1,078 shares of the company's stock valued at $58,000 after buying an additional 269 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Brunswick by 59.3% during the 1st quarter. GAMMA Investing LLC now owns 1,276 shares of the company's stock valued at $69,000 after buying an additional 475 shares during the last quarter. Finally, Stevens Capital Management LP bought a new stake in shares of Brunswick during the 4th quarter valued at about $203,000. 99.34% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, VP Christopher F. Dekker sold 2,092 shares of the stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $58.47, for a total transaction of $122,319.24. Following the transaction, the vice president owned 44,466 shares in the company, valued at $2,599,927.02. This represents a 4.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.81% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. DA Davidson reaffirmed a "neutral" rating and set a $43.00 price objective (down previously from $64.00) on shares of Brunswick in a research report on Monday, April 28th. BMO Capital Markets lowered their price objective on shares of Brunswick from $75.00 to $65.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Citigroup reaffirmed a "buy" rating and set a $68.00 price objective (up previously from $61.00) on shares of Brunswick in a research report on Monday, June 16th. Benchmark assumed coverage on shares of Brunswick in a research note on Monday, April 28th. They set a "buy" rating and a $70.00 target price for the company. Finally, Baird R W lowered shares of Brunswick from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, Brunswick currently has a consensus rating of "Moderate Buy" and a consensus target price of $70.00.

Brunswick Trading Down 1.3%

Brunswick stock traded down $0.82 during midday trading on Friday, reaching $60.68. The stock had a trading volume of 728,244 shares, compared to its average volume of 813,890. The firm's fifty day simple moving average is $53.97 and its two-hundred day simple moving average is $56.98. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.57 and a quick ratio of 0.65. Brunswick Corporation has a twelve month low of $41.00 and a twelve month high of $87.65. The firm has a market cap of $3.99 billion, a price-to-earnings ratio of 50.15 and a beta of 1.27.

Brunswick (NYSE:BC - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.25 by $0.31. The business had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.14 billion. Brunswick had a return on equity of 12.88% and a net margin of 1.62%. Brunswick's revenue was down 10.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.35 earnings per share. Equities analysts anticipate that Brunswick Corporation will post 4.19 EPS for the current fiscal year.

Brunswick Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Monday, May 19th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend was Monday, May 19th. Brunswick's payout ratio is presently 142.15%.

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.