Teachers Retirement System of The State of Kentucky Sells 64,088 Shares of Brunswick Co. (NYSE:BC)

Teachers Retirement System of The State of Kentucky lowered its holdings in shares of Brunswick Co. (NYSE:BC - Free Report) by 45.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 77,910 shares of the company's stock after selling 64,088 shares during the quarter. Teachers Retirement System of The State of Kentucky owned about 0.12% of Brunswick worth $5,039,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of BC. Barclays PLC raised its holdings in Brunswick by 78.6% in the 3rd quarter. Barclays PLC now owns 118,189 shares of the company's stock worth $9,907,000 after acquiring an additional 52,024 shares during the period. Franklin Resources Inc. lifted its position in shares of Brunswick by 2.5% during the 3rd quarter. Franklin Resources Inc. now owns 233,128 shares of the company's stock worth $19,394,000 after purchasing an additional 5,604 shares during the last quarter. Lord Abbett & CO. LLC boosted its stake in Brunswick by 50.2% during the 3rd quarter. Lord Abbett & CO. LLC now owns 683,943 shares of the company's stock valued at $57,328,000 after purchasing an additional 228,662 shares during the period. Principal Financial Group Inc. grew its holdings in Brunswick by 2.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,075,845 shares of the company's stock valued at $90,171,000 after buying an additional 28,781 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Brunswick by 7.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,487,773 shares of the company's stock valued at $124,705,000 after buying an additional 102,780 shares during the last quarter. 99.34% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Brunswick

In other news, Director Nancy E. Cooper sold 433 shares of the firm's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $65.65, for a total value of $28,426.45. Following the transaction, the director now owns 25,361 shares of the company's stock, valued at approximately $1,664,949.65. This trade represents a 1.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Randall S. Altman sold 3,417 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $63.21, for a total transaction of $215,988.57. Following the sale, the senior vice president now directly owns 26,683 shares of the company's stock, valued at approximately $1,686,632.43. This trade represents a 11.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.81% of the company's stock.

Brunswick Price Performance

BC stock traded down $0.36 during midday trading on Monday, reaching $46.50. 164,685 shares of the company's stock traded hands, compared to its average volume of 977,619. The company has a quick ratio of 0.63, a current ratio of 1.65 and a debt-to-equity ratio of 1.11. The company has a market cap of $3.06 billion, a price-to-earnings ratio of 24.47 and a beta of 1.42. The company has a 50-day simple moving average of $53.26 and a two-hundred day simple moving average of $66.43. Brunswick Co. has a 1-year low of $41.00 and a 1-year high of $87.65.

Brunswick (NYSE:BC - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.25 by $0.31. Brunswick had a net margin of 2.48% and a return on equity of 15.41%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.14 billion. On average, analysts anticipate that Brunswick Co. will post 4.19 earnings per share for the current year.

Brunswick Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 24th were given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 3.70%. The ex-dividend date of this dividend was Monday, February 24th. This is a boost from Brunswick's previous quarterly dividend of $0.42. Brunswick's payout ratio is 142.15%.

Wall Street Analyst Weigh In

BC has been the subject of several research reports. Stifel Nicolaus reduced their price objective on Brunswick from $95.00 to $86.00 and set a "buy" rating for the company in a research report on Wednesday, January 15th. Morgan Stanley lifted their price objective on Brunswick from $64.00 to $65.00 and gave the stock an "equal weight" rating in a report on Friday, January 31st. Jefferies Financial Group cut their target price on Brunswick from $64.00 to $45.00 and set a "hold" rating for the company in a research note on Thursday. Baird R W downgraded shares of Brunswick from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Finally, Benchmark assumed coverage on shares of Brunswick in a research note on Monday. They issued a "buy" rating and a $70.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $72.31.

Brunswick 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.