Mutual of America Capital Management LLC Lowers Stake in Brunswick Co. (NYSE:BC)

Mutual of America Capital Management LLC reduced its holdings in Brunswick Co. (NYSE:BC) by 6.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,609 shares of the company’s stock after selling 2,861 shares during the period. Mutual of America Capital Management LLC owned about 0.06% of Brunswick worth $4,122,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in BC. Custom Index Systems LLC purchased a new position in Brunswick in the 4th quarter valued at about $241,000. International Assets Investment Management LLC purchased a new stake in shares of Brunswick during the fourth quarter worth approximately $978,000. Valley National Advisers Inc. raised its stake in Brunswick by 142.7% in the 4th quarter. Valley National Advisers Inc. now owns 762 shares of the company’s stock valued at $73,000 after purchasing an additional 448 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in Brunswick by 15.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 46,273 shares of the company’s stock valued at $4,477,000 after purchasing an additional 6,138 shares in the last quarter. Finally, Cubic Asset Management LLC grew its holdings in shares of Brunswick by 4.4% during the fourth quarter. Cubic Asset Management LLC now owns 4,185 shares of the company’s stock worth $405,000 after buying an additional 175 shares in the last quarter. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BC has been the topic of a number of recent research reports. BNP Paribas restated a “neutral” rating and set a $82.00 price target (down from $94.00) on shares of Brunswick in a research report on Monday. Raymond James cut Brunswick from an “outperform” rating to a “market perform” rating in a report on Thursday, January 4th. Truist Financial dropped their price target on Brunswick from $115.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, February 2nd. Stifel Nicolaus boosted their price objective on Brunswick from $88.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Finally, B. Riley upgraded Brunswick from a “neutral” rating to a “buy” rating and upped their target price for the company from $100.00 to $108.00 in a report on Tuesday, February 20th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.69.

Insider Buying and Selling at Brunswick

In related news, VP Christopher F. Dekker sold 6,234 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $84.53, for a total value of $526,960.02. Following the sale, the vice president now owns 35,176 shares in the company, valued at approximately $2,973,427.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO David M. Foulkes sold 35,000 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $87.11, for a total transaction of $3,048,850.00. Following the sale, the chief executive officer now owns 272,626 shares of the company’s stock, valued at $23,748,450.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Christopher F. Dekker sold 6,234 shares of Brunswick stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $84.53, for a total transaction of $526,960.02. Following the completion of the transaction, the vice president now owns 35,176 shares of the company’s stock, valued at approximately $2,973,427.28. The disclosure for this sale can be found here. Insiders have sold a total of 52,696 shares of company stock valued at $4,574,199 over the last quarter. 0.81% of the stock is owned by company insiders.

Brunswick Stock Performance

NYSE BC opened at $84.89 on Wednesday. The stock has a market cap of $5.84 billion, a PE ratio of 14.27 and a beta of 1.56. Brunswick Co. has a twelve month low of $66.47 and a twelve month high of $99.68. The stock has a fifty day simple moving average of $89.45 and a 200-day simple moving average of $84.50. The company has a current ratio of 1.43, a quick ratio of 0.59 and a debt-to-equity ratio of 0.95.

Brunswick (NYSE:BC) last announced its earnings results on Thursday, February 1st. The company reported $1.45 earnings per share for the quarter, missing the consensus estimate of $1.66 by ($0.21). Brunswick had a return on equity of 29.78% and a net margin of 6.57%. The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same period last year, the business earned $1.99 EPS. The company’s quarterly revenue was down 14.0% compared to the same quarter last year. Equities analysts anticipate that Brunswick Co. will post 7.49 earnings per share for the current year.

Brunswick Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, February 26th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.98%. The ex-dividend date was Friday, February 23rd. This is an increase from Brunswick’s previous quarterly dividend of $0.40. Brunswick’s dividend payout ratio (DPR) is 28.24%.

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.