Thrivent Financial for Lutherans Has $45.04 Million Stock Position in Brunswick Co. (NYSE:BC)

Thrivent Financial for Lutherans lifted its stake in Brunswick Co. (NYSE:BC) by 0.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 537,285 shares of the company’s stock after buying an additional 2,436 shares during the period. Thrivent Financial for Lutherans’ holdings in Brunswick were worth $45,035,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. V Square Quantitative Management LLC bought a new position in Brunswick in the third quarter worth $26,000. Allspring Global Investments Holdings LLC lifted its position in Brunswick by 43,700.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 438 shares of the company’s stock worth $42,000 after purchasing an additional 437 shares during the period. Covestor Ltd lifted its position in Brunswick by 669.0% in the third quarter. Covestor Ltd now owns 969 shares of the company’s stock worth $81,000 after purchasing an additional 843 shares during the period. GAMMA Investing LLC lifted its position in Brunswick by 92.5% in the third quarter. GAMMA Investing LLC now owns 1,155 shares of the company’s stock worth $97,000 after purchasing an additional 555 shares during the period. Finally, CWM LLC lifted its position in Brunswick by 21.6% in the third quarter. CWM LLC now owns 1,323 shares of the company’s stock worth $111,000 after purchasing an additional 235 shares during the period. 99.34% of the stock is owned by institutional investors.

Brunswick Trading Down 0.3 %

NYSE:BC opened at $79.96 on Tuesday. Brunswick Co. has a twelve month low of $69.05 and a twelve month high of $99.68. The company has a quick ratio of 0.74, a current ratio of 1.97 and a debt-to-equity ratio of 1.17. The business has a 50 day moving average price of $81.50 and a two-hundred day moving average price of $78.80. The company has a market cap of $5.28 billion, a P/E ratio of 19.89 and a beta of 1.51.

Brunswick Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 20th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Wednesday, November 20th. Brunswick’s payout ratio is presently 41.79%.

Analysts Set New Price Targets

BC has been the subject of a number of analyst reports. Citigroup lifted 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. Benchmark reissued a “buy” rating and set a $100.00 price objective on shares of Brunswick in a report on Friday, October 25th. Robert W. Baird lowered their price target on Brunswick from $95.00 to $93.00 and set an “outperform” rating for the company in a research note on Friday, July 26th. Northcoast Research raised Brunswick from a “neutral” rating to a “buy” rating and set a $100.00 price target for the company in a research note on Monday, July 29th. Finally, Roth Mkm reissued a “buy” rating and set a $94.00 target price on shares of Brunswick in a research note on Thursday, July 25th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $89.23.

Insider Activity

In related news, CEO David M. Foulkes sold 23,829 shares of the stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $80.22, for a total value of $1,911,562.38. Following the sale, the chief executive officer now owns 251,094 shares in the company, valued at approximately $20,142,760.68. This represents a 8.67 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph W. Mcclanathan sold 4,745 shares of the 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 completion of the sale, the director now owns 19,218 shares in the company, valued at approximately $1,540,130.52. This trade represents a 19.80 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,940 shares of company stock valued at $2,321,176. 0.81% of the stock is owned by insiders.

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.