State Board of Administration of Florida Retirement System reduced its position in Brunswick Co. (NYSE:BC) by 3.8% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 99,103 shares of the company’s stock after selling 3,960 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Brunswick were worth $4,988,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its stake in shares of Brunswick by 3.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,738,404 shares of the company’s stock worth $183,527,000 after purchasing an additional 78,502 shares during the last quarter. Vanguard Group Inc raised its stake in Brunswick by 1.9% in the third quarter. Vanguard Group Inc now owns 7,493,427 shares of the company’s stock valued at $502,209,000 after buying an additional 136,697 shares during the last quarter. State of Alaska Department of Revenue raised its stake in Brunswick by 3.8% in the fourth quarter. State of Alaska Department of Revenue now owns 13,707 shares of the company’s stock valued at $635,000 after buying an additional 503 shares during the last quarter. BB&T Corp raised its stake in Brunswick by 6.7% in the fourth quarter. BB&T Corp now owns 17,193 shares of the company’s stock valued at $798,000 after buying an additional 1,087 shares during the last quarter. Finally, Strs Ohio raised its stake in Brunswick by 2,046.0% in the fourth quarter. Strs Ohio now owns 105,090 shares of the company’s stock valued at $4,881,000 after buying an additional 100,193 shares during the last quarter. 96.19% of the stock is currently owned by institutional investors and hedge funds.

Shares of BC stock traded down $0.83 during mid-day trading on Friday, reaching $44.71. The stock had a trading volume of 19,648 shares, compared to its average volume of 1,487,007. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.79 and a current ratio of 1.61. The firm has a market capitalization of $3.97 billion, a PE ratio of 9.41, a P/E/G ratio of 1.02 and a beta of 1.63. Brunswick Co. has a 1-year low of $41.92 and a 1-year high of $69.82.

Brunswick (NYSE:BC) last announced its quarterly earnings data on Thursday, April 25th. The company reported $0.99 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.99. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.29 billion. Brunswick had a return on equity of 27.01% and a net margin of 2.99%. The company’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.01 earnings per share. Sell-side analysts forecast that Brunswick Co. will post 4.65 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Tuesday, May 21st will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend is Monday, May 20th. Brunswick’s dividend payout ratio is presently 17.61%.

In related news, VP Daniel J. Tanner sold 3,373 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $53.28, for a total transaction of $179,713.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.20% of the stock is currently owned by corporate insiders.

A number of research firms have commented on BC. Zacks Investment Research cut Brunswick from a “hold” rating to a “sell” rating in a research note on Wednesday, May 15th. TheStreet cut Brunswick from a “b-” rating to a “c” rating in a research note on Thursday, April 25th. SunTrust Banks decreased their price target on Brunswick to $62.00 and set a “buy” rating for the company in a research note on Friday, April 26th. They noted that the move was a valuation call. ValuEngine upgraded Brunswick from a “sell” rating to a “hold” rating in a research note on Monday, February 25th. Finally, Northcoast Research reiterated a “buy” rating on shares of Brunswick in a research note on Friday, April 26th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $69.64.

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Brunswick Company Profile

Brunswick Corporation designs, manufactures, and markets recreation products worldwide. The company's Marine Engine segment offers outboard, sterndrive, and inboard engine and propulsion systems; marine electronics and control integration systems, steering systems, instruments, controls, propellers, trolling motors, fuel systems, electrical systems, service parts, and lubricants; and integrated propulsion systems to the recreational and commercial marine markets, as well as parts and accessories.

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Want to see what other hedge funds are holding BC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brunswick Co. (NYSE:BC).

Institutional Ownership by Quarter for Brunswick (NYSE:BC)

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