Brunswick Co. (NYSE:BC) Director Nancy E. Cooper Sells 366 Shares

Brunswick Co. (NYSE:BC) Director Nancy E. Cooper sold 366 shares of the business’s 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 directly owns 24,557 shares of the company’s stock, valued at $1,969,225.83. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Brunswick Trading Up 1.4 %

Shares of NYSE:BC traded up $1.13 during trading on Friday, reaching $80.87. 582,733 shares of the company traded hands, compared to its average volume of 713,793. The company has a current ratio of 1.97, a quick ratio of 0.74 and a debt-to-equity ratio of 1.17. Brunswick Co. has a 52-week low of $69.05 and a 52-week high of $99.68. The business’s fifty day moving average is $80.63 and its 200-day moving average is $78.95. The firm has a market capitalization of $5.36 billion, a price-to-earnings ratio of 19.84 and a beta of 1.51.

Brunswick Announces Dividend

The firm 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 dividend yield of 2.08%. Brunswick’s payout ratio is presently 41.79%.

Analyst Upgrades and Downgrades

BC has been the subject of a number of research reports. Citigroup boosted their price target on shares of Brunswick from $92.00 to $101.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Benchmark reiterated a “buy” rating and issued a $100.00 target price on shares of Brunswick in a research report on Friday, October 25th. Stifel Nicolaus lowered their price target on Brunswick from $97.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, July 12th. Northcoast Research upgraded Brunswick from a “neutral” rating to a “buy” rating and set a $100.00 price objective on the stock in a research report on Monday, July 29th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $70.00 price objective (down from $115.00) on shares of Brunswick in a report on Friday, July 26th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Brunswick currently has an average rating of “Moderate Buy” and an average price target of $89.23.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Markel Group Inc. purchased a new position in shares of Brunswick in the 3rd quarter valued at approximately $1,173,000. Principal Financial Group Inc. raised its holdings in Brunswick by 2.7% in the third quarter. Principal Financial Group Inc. now owns 1,075,845 shares of the company’s stock worth $90,171,000 after purchasing an additional 28,781 shares in the last quarter. M&G PLC lifted its position in Brunswick by 3.9% during the third quarter. M&G PLC now owns 57,355 shares of the company’s stock valued at $4,818,000 after buying an additional 2,137 shares during the period. Concurrent Investment Advisors LLC bought a new stake in shares of Brunswick during the 3rd quarter valued at $219,000. Finally, QRG Capital Management Inc. grew its position in shares of Brunswick by 45.5% in the 3rd quarter. QRG Capital Management Inc. now owns 19,409 shares of the company’s stock worth $1,627,000 after buying an additional 6,068 shares during the period. 99.34% of the stock is owned by hedge funds and other institutional investors.

About Brunswick

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.