Texas Permanent School Fund Sells 1,169 Shares of Brunswick Co. (NYSE:BC)

Texas Permanent School Fund cut its position in shares of Brunswick Co. (NYSE:BCGet Rating) by 2.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 54,657 shares of the company’s stock after selling 1,169 shares during the period. Texas Permanent School Fund owned 0.07% of Brunswick worth $4,421,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Fifth Third Bancorp grew its stake in Brunswick by 17.9% in the 4th quarter. Fifth Third Bancorp now owns 904 shares of the company’s stock valued at $91,000 after buying an additional 137 shares during the last quarter. KBC Group NV grew its stake in Brunswick by 2.2% in the 1st quarter. KBC Group NV now owns 6,367 shares of the company’s stock valued at $515,000 after buying an additional 140 shares during the last quarter. Stratos Wealth Partners LTD. grew its stake in Brunswick by 2.2% in the 1st quarter. Stratos Wealth Partners LTD. now owns 6,793 shares of the company’s stock valued at $550,000 after buying an additional 149 shares during the last quarter. Comerica Bank grew its stake in Brunswick by 0.3% in the 1st quarter. Comerica Bank now owns 55,994 shares of the company’s stock valued at $4,443,000 after buying an additional 150 shares during the last quarter. Finally, Personal CFO Solutions LLC grew its stake in Brunswick by 4.9% in the 1st quarter. Personal CFO Solutions LLC now owns 3,559 shares of the company’s stock valued at $288,000 after buying an additional 165 shares during the last quarter. 92.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on BC shares. BMO Capital Markets decreased their price target on shares of Brunswick from $105.00 to $90.00 in a research note on Monday, May 2nd. DA Davidson assumed coverage on shares of Brunswick in a research report on Tuesday, April 26th. They set a “buy” rating and a $96.00 target price on the stock. StockNews.com upgraded shares of Brunswick from a “hold” rating to a “buy” rating in a research report on Friday. KeyCorp increased their target price on shares of Brunswick from $85.00 to $88.00 and gave the stock an “overweight” rating in a research report on Monday, August 1st. Finally, Raymond James increased their target price on shares of Brunswick from $121.00 to $123.00 in a research report on Friday, April 29th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $106.25.

Brunswick Stock Performance

Shares of Brunswick stock opened at $78.48 on Friday. The company has a 50 day moving average of $71.21 and a 200-day moving average of $79.85. Brunswick Co. has a 1-year low of $61.89 and a 1-year high of $108.51. The company has a current ratio of 1.99, a quick ratio of 0.97 and a debt-to-equity ratio of 1.25. The company has a market cap of $5.84 billion, a PE ratio of 9.85 and a beta of 1.62.

Brunswick (NYSE:BCGet Rating) last issued its quarterly earnings results on Thursday, July 28th. The company reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.70 by $0.12. Brunswick had a net margin of 9.64% and a return on equity of 35.33%. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the prior year, the firm posted $2.52 EPS. The firm’s quarterly revenue was up 18.1% on a year-over-year basis. As a group, equities research analysts forecast that Brunswick Co. will post 10.26 earnings per share for the current fiscal year.

Brunswick Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Wednesday, August 24th will be paid a $0.365 dividend. This represents a $1.46 annualized dividend and a yield of 1.86%. The ex-dividend date is Tuesday, August 23rd. Brunswick’s payout ratio is 18.32%.

Brunswick Company Profile

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Brunswick Corporation designs, manufactures, and markets recreation products worldwide. It operates through Propulsion; Parts & Accessories; and Boat segments. The Propulsion segment provides outboard, sterndrive, and inboard engines for independent boat builders and governments through marine dealers and distributors, specialty marine retailers, and marine service centers; and propulsion-related controls, rigging, and propellers to original equipment manufacturers and aftermarket retailers, distributors, and distribution businesses.

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Institutional Ownership by Quarter for Brunswick (NYSE:BC)

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