Amalgamated Bank Has $4.66 Million Position in Brunswick Co. (NYSE:BC)

Amalgamated Bank trimmed its position in Brunswick Co. (NYSE:BC) by 5.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,207 shares of the company’s stock after selling 2,685 shares during the period. Amalgamated Bank owned approximately 0.07% of Brunswick worth $4,664,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC increased its stake in Brunswick by 140.4% during the 3rd quarter. FMR LLC now owns 3,435,357 shares of the company’s stock worth $271,393,000 after purchasing an additional 2,006,578 shares in the last quarter. American Century Companies Inc. increased its position in shares of Brunswick by 0.5% during the third quarter. American Century Companies Inc. now owns 1,972,076 shares of the company’s stock worth $155,794,000 after acquiring an additional 9,465 shares in the last quarter. Victory Capital Management Inc. lifted its position in Brunswick by 32.1% in the 4th quarter. Victory Capital Management Inc. now owns 1,144,308 shares of the company’s stock valued at $110,712,000 after acquiring an additional 278,082 shares in the last quarter. Van Berkom & Associates Inc. boosted its stake in Brunswick by 25.7% in the 3rd quarter. Van Berkom & Associates Inc. now owns 899,980 shares of the company’s stock worth $71,098,000 after purchasing an additional 184,088 shares during the period. Finally, Federated Hermes Inc. increased its holdings in Brunswick by 1.7% during the 3rd quarter. Federated Hermes Inc. now owns 821,471 shares of the company’s stock worth $64,896,000 after purchasing an additional 13,344 shares in the last quarter. Institutional investors own 99.34% of the company’s stock.

Brunswick Stock Performance

BC opened at $81.69 on Wednesday. The company has a quick ratio of 0.75, a current ratio of 1.68 and a debt-to-equity ratio of 1.16. Brunswick Co. has a 12-month low of $66.47 and a 12-month high of $99.68. The business has a 50 day moving average of $88.18 and a 200-day moving average of $85.30. The stock has a market cap of $5.52 billion, a price-to-earnings ratio of 15.18 and a beta of 1.60.

Brunswick (NYSE:BC) last announced its quarterly earnings results on Thursday, April 25th. The company reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.36 by ($0.01). Brunswick had a net margin of 6.24% and a return on equity of 25.37%. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period in the prior year, the business earned $2.57 EPS. The company’s revenue for the quarter was down 21.7% compared to the same quarter last year. On average, equities research analysts expect that Brunswick Co. will post 7.39 earnings per share for the current year.

Brunswick Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Monday, May 13th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.68 annualized dividend and a yield of 2.06%. Brunswick’s dividend payout ratio is currently 31.23%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. BNP Paribas reaffirmed a “neutral” rating and set a $82.00 price objective (down from $94.00) on shares of Brunswick in a research report on Monday, April 15th. Morgan Stanley decreased their price target on shares of Brunswick from $91.00 to $86.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. DA Davidson reissued a “neutral” rating and issued a $77.00 price objective on shares of Brunswick in a research report on Friday, March 15th. Truist Financial decreased their target price on shares of Brunswick from $115.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, February 2nd. Finally, Stifel Nicolaus boosted their price target on shares of Brunswick from $88.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $92.83.

Insiders Place Their Bets

In related news, Director Nancy E. Cooper sold 357 shares of Brunswick stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $80.34, for a total transaction of $28,681.38. Following the completion of the sale, the director now directly owns 23,211 shares of the company’s stock, valued at approximately $1,864,771.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Brunswick news, Director Nancy E. Cooper sold 357 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $80.34, for a total value of $28,681.38. Following the completion of the sale, the director now owns 23,211 shares of the company’s stock, valued at approximately $1,864,771.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Christopher F. Dekker sold 6,234 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $84.53, for a total transaction of $526,960.02. Following the transaction, the vice president now directly owns 35,176 shares in the company, valued at $2,973,427.28. The disclosure for this sale can be found here. Insiders sold 53,053 shares of company stock worth $4,602,880 over the last three months. Insiders own 0.81% of the company’s stock.

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.