Brunswick Co. (NYSE:BC) Shares Purchased by Barclays PLC

Barclays PLC raised its holdings in Brunswick Co. (NYSE:BC) by 78.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 118,189 shares of the company’s stock after acquiring an additional 52,024 shares during the quarter. Barclays PLC owned 0.18% of Brunswick worth $9,907,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Nisa Investment Advisors LLC grew its position in shares of Brunswick by 0.5% in the third quarter. Nisa Investment Advisors LLC now owns 26,731 shares of the company’s stock valued at $2,241,000 after purchasing an additional 145 shares during the last quarter. Inspire Investing LLC grew its holdings in Brunswick by 2.8% during the 3rd quarter. Inspire Investing LLC now owns 5,545 shares of the company’s stock valued at $465,000 after buying an additional 153 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Brunswick by 3.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,647 shares of the company’s stock worth $390,000 after buying an additional 174 shares in the last quarter. CWM LLC raised its holdings in shares of Brunswick by 21.6% in the third quarter. CWM LLC now owns 1,323 shares of the company’s stock worth $111,000 after acquiring an additional 235 shares during the last quarter. Finally, US Bancorp DE lifted its position in shares of Brunswick by 3.0% in the third quarter. US Bancorp DE now owns 8,214 shares of the company’s stock valued at $689,000 after acquiring an additional 241 shares in the last quarter. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, 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 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. The trade was a 19.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Nancy E. Cooper sold 366 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $80.19, for a total value of $29,349.54. Following the sale, the director now owns 24,557 shares of the company’s stock, valued at approximately $1,969,225.83. This trade represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,940 shares of company stock valued at $2,321,176. Corporate insiders own 0.81% of the company’s stock.

Brunswick Trading Down 1.6 %

NYSE:BC opened at $72.39 on Tuesday. The business’s 50-day moving average is $80.50 and its two-hundred day moving average is $78.44. The firm has a market capitalization of $4.78 billion, a PE ratio of 18.01 and a beta of 1.50. Brunswick Co. has a 12 month low of $69.05 and a 12 month 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.

Brunswick Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Wednesday, November 20th were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.32%. The ex-dividend date was Wednesday, November 20th. Brunswick’s dividend payout ratio (DPR) is presently 41.79%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on BC shares. Benchmark reissued a “buy” rating and issued a $100.00 target price on shares of Brunswick in a research note on Friday, October 25th. Citigroup boosted their price objective on shares of Brunswick from $92.00 to $101.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Finally, B. Riley lowered shares of Brunswick from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $95.00 to $88.00 in a research report on Tuesday, November 26th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.54.

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.