Brunswick Co. (NYSE:BC) Director Sells $29,349.54 in Stock

Brunswick Co. (NYSE:BC) Director Nancy E. Cooper sold 366 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $80.19, for a total value of $29,349.54. Following the transaction, the director now owns 24,557 shares of the company’s stock, valued at approximately $1,969,225.83. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Brunswick Trading Up 1.4 %

Shares of NYSE:BC opened at $80.87 on Friday. Brunswick Co. has a 52-week low of $69.05 and a 52-week high of $99.68. The company has a market capitalization of $5.36 billion, a P/E ratio of 20.12 and a beta of 1.51. The company has a 50-day simple moving average of $80.70 and a 200 day simple moving average of $78.92. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.74 and a current ratio of 1.97.

Brunswick Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 20th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $1.68 annualized dividend and a yield of 2.08%. Brunswick’s dividend payout ratio (DPR) is currently 41.79%.

Analyst Ratings Changes

A number of research firms have issued reports on BC. B. Riley lowered their target price on Brunswick from $108.00 to $97.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Stifel Nicolaus lowered their target price on Brunswick from $97.00 to $95.00 and set a “buy” rating for the company in a report on Friday, July 12th. Benchmark reiterated a “buy” rating and set a $100.00 target price on shares of Brunswick in a report on Friday, October 25th. Citigroup raised their price objective on Brunswick from $92.00 to $101.00 and gave the company a “buy” rating in a report on Friday, September 27th. Finally, Northcoast Research upgraded Brunswick from a “neutral” rating to a “buy” rating and set a $100.00 price objective for the company in a report on Monday, July 29th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Brunswick currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.23.

Institutional Investors Weigh In On Brunswick

Hedge funds have recently bought and sold shares of the company. M&G Plc lifted its position in Brunswick by 15.1% during the second quarter. M&G Plc now owns 55,218 shares of the company’s stock worth $4,031,000 after acquiring an additional 7,261 shares during the last quarter. Jennison Associates LLC lifted its position in Brunswick by 5.2% during the first quarter. Jennison Associates LLC now owns 848,728 shares of the company’s stock worth $81,919,000 after acquiring an additional 42,332 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Brunswick by 11.4% during the first quarter. Russell Investments Group Ltd. now owns 82,356 shares of the company’s stock worth $7,942,000 after acquiring an additional 8,456 shares during the last quarter. Vanguard Group Inc. lifted its position in Brunswick by 2.3% during the first quarter. Vanguard Group Inc. now owns 7,266,170 shares of the company’s stock worth $701,331,000 after acquiring an additional 160,531 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its position in Brunswick by 292.5% during the second quarter. Harbor Capital Advisors Inc. now owns 9,224 shares of the company’s stock worth $671,000 after acquiring an additional 6,874 shares during the last quarter. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Brunswick Company 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.