Kingsview Wealth Management LLC Has $8.29 Million Stake in Brunswick Co. (NYSE:BC)

Kingsview Wealth Management LLC grew its holdings in Brunswick Co. (NYSE:BC) by 4.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 98,885 shares of the company’s stock after buying an additional 4,535 shares during the period. Kingsview Wealth Management LLC’s holdings in Brunswick were worth $8,289,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in BC. V Square Quantitative Management LLC acquired a new stake in shares of Brunswick in the third quarter valued at approximately $26,000. Avior Wealth Management LLC lifted its holdings in Brunswick by 1,073.7% during the 3rd quarter. Avior Wealth Management LLC now owns 669 shares of the company’s stock worth $56,000 after purchasing an additional 612 shares during the last quarter. Covestor Ltd lifted its holdings in Brunswick by 669.0% during the 3rd quarter. Covestor Ltd now owns 969 shares of the company’s stock worth $81,000 after purchasing an additional 843 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Brunswick by 92.5% during the 3rd 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 last quarter. Finally, Fifth Third Bancorp lifted its holdings in Brunswick by 47.0% during the 2nd quarter. Fifth Third Bancorp now owns 1,511 shares of the company’s stock worth $110,000 after purchasing an additional 483 shares during the last quarter. 99.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BC has been the subject of several research reports. Northcoast Research raised Brunswick from a “neutral” rating to a “buy” rating and set a $100.00 price target for the company in a report on Monday, July 29th. Citigroup lifted their price target on Brunswick from $92.00 to $101.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Finally, Benchmark reissued a “buy” rating and set a $100.00 price target on shares of Brunswick in a report on Friday, October 25th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $89.23.

Insider Activity

In other news, Director Joseph W. Mcclanathan sold 4,745 shares of Brunswick stock in a transaction on Friday, October 25th. The stock was sold at an average price of $80.14, for a total value of $380,264.30. Following the transaction, 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO David M. Foulkes sold 23,829 shares of Brunswick stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $80.22, for a total value of $1,911,562.38. Following the completion of the transaction, the chief executive officer now owns 251,094 shares in the company, valued at approximately $20,142,760.68. The trade was a 8.67 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 28,940 shares of company stock worth $2,321,176. Insiders own 0.81% of the company’s stock.

Brunswick Price Performance

Brunswick stock opened at $82.37 on Friday. The stock’s fifty day moving average price is $81.81 and its two-hundred day moving average price is $78.79. Brunswick Co. has a one year low of $69.05 and a one year high of $99.68. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.97 and a quick ratio of 0.74. The firm has a market cap of $5.43 billion, a PE ratio of 20.49 and a beta of 1.51.

Brunswick Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders 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 2.04%. Brunswick’s 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.