Oak Thistle LLC Invests $368,000 in Brunswick Co. (NYSE:BC)

Oak Thistle LLC acquired a new stake in shares of Brunswick Co. (NYSE:BC) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 5,696 shares of the company’s stock, valued at approximately $368,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its position in shares of Brunswick by 5.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,883 shares of the company’s stock valued at $316,000 after purchasing an additional 236 shares in the last quarter. JPMorgan Chase & Co. grew its position in Brunswick by 7.4% during the third quarter. JPMorgan Chase & Co. now owns 1,487,773 shares of the company’s stock worth $124,705,000 after buying an additional 102,780 shares in the last quarter. Principal Financial Group Inc. increased its stake in Brunswick by 2.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,075,845 shares of the company’s stock worth $90,171,000 after acquiring an additional 28,781 shares during the last quarter. Lord Abbett & CO. LLC increased its stake in Brunswick by 50.2% in the 3rd quarter. Lord Abbett & CO. LLC now owns 683,943 shares of the company’s stock worth $57,328,000 after acquiring an additional 228,662 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Brunswick by 2.5% in the 3rd quarter. Franklin Resources Inc. now owns 233,128 shares of the company’s stock valued at $19,394,000 after acquiring an additional 5,604 shares in the last quarter. Institutional investors own 99.34% of the company’s stock.

Brunswick Stock Performance

Brunswick stock opened at $67.56 on Friday. Brunswick Co. has a fifty-two week low of $62.64 and a fifty-two week high of $96.65. The stock has a market cap of $4.46 billion, a price-to-earnings ratio of 16.81 and a beta of 1.54. The stock’s 50 day simple moving average is $73.47 and its two-hundred day simple moving average is $76.92. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.74 and a current ratio of 1.97.

Insider Activity at Brunswick

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

Analysts Set New Price Targets

BC has been the topic of several research analyst reports. Stifel Nicolaus decreased their price objective on shares of Brunswick from $95.00 to $86.00 and set a “buy” rating on the stock in a research report on Wednesday. Benchmark reissued a “buy” rating and issued a $100.00 price target on shares of Brunswick in a report on Friday, October 25th. Truist Financial lowered their price objective on shares of Brunswick from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. B. Riley cut Brunswick from a “buy” rating to a “neutral” rating and reduced their target price for the company from $95.00 to $88.00 in a research note on Tuesday, November 26th. Finally, Citigroup lifted their price target on Brunswick from $92.00 to $101.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $87.46.

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.