Brunswick Co. (NYSE:BC) Stock Position Lowered by Royce & Associates LP

Royce & Associates LP lessened its position in Brunswick Co. (NYSE:BC) by 0.6% in the 3rd quarter, Holdings Channel reports. The fund owned 522,441 shares of the company’s stock after selling 3,348 shares during the period. Royce & Associates LP’s holdings in Brunswick were worth $43,791,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Baillie Gifford & Co. lifted its position in Brunswick by 88.0% in the 2nd quarter. Baillie Gifford & Co. now owns 2,430,983 shares of the company’s stock worth $176,903,000 after buying an additional 1,137,568 shares in the last quarter. New York State Common Retirement Fund lifted its position in Brunswick by 447.5% in the 3rd quarter. New York State Common Retirement Fund now owns 271,681 shares of the company’s stock worth $22,772,000 after buying an additional 222,062 shares in the last quarter. Swedbank AB purchased a new stake in Brunswick in the 1st quarter worth approximately $19,304,000. Deroy & Devereaux Private Investment Counsel Inc. purchased a new stake in Brunswick in the 3rd quarter worth approximately $15,907,000. Finally, Victory Capital Management Inc. lifted its position in Brunswick by 13.5% in the 3rd quarter. Victory Capital Management Inc. now owns 1,414,490 shares of the company’s stock worth $118,563,000 after buying an additional 168,384 shares in the last quarter. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on BC shares. JPMorgan Chase & Co. cut their target price on shares of Brunswick from $78.00 to $75.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. Northcoast Research upgraded shares of Brunswick from a “neutral” rating to a “buy” rating and set a $100.00 price target on the stock in a report on Monday, July 29th. Citigroup raised their price target on shares of Brunswick from $92.00 to $101.00 and gave the company a “buy” rating in a report on Friday, September 27th. Robert W. Baird cut their price target on shares of Brunswick from $95.00 to $93.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Finally, Roth Mkm restated a “buy” rating and set a $94.00 price target on shares of Brunswick in a report on Thursday, July 25th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Brunswick presently has an average rating of “Moderate Buy” and a consensus target price of $89.23.

Insiders Place Their Bets

In other Brunswick news, Director Joseph W. Mcclanathan sold 4,745 shares of the firm’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $80.14, for a total value of $380,264.30. Following the sale, the director now directly owns 19,218 shares in the company, valued at $1,540,130.52. This trade represents a 19.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Nancy E. Cooper sold 366 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $80.19, for a total transaction of $29,349.54. Following the completion of the sale, the director now owns 24,557 shares in the company, valued at $1,969,225.83. This represents a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,940 shares of company stock worth $2,321,176 in the last ninety days. Insiders own 0.81% of the company’s stock.

Brunswick Stock Performance

NYSE:BC opened at $80.88 on Friday. Brunswick Co. has a 1 year low of $69.05 and a 1 year high of $99.68. The firm’s fifty day simple moving average is $81.32 and its 200 day simple moving average is $78.85. The company has a current ratio of 1.97, a quick ratio of 0.74 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $5.34 billion, a PE ratio of 20.12 and a beta of 1.51.

Brunswick Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 20th will be given 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 is 41.79%.

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.