Armstrong Advisory Group Inc. Invests $39,000 in Brunswick Co. (NYSE:BC)

Armstrong Advisory Group Inc. purchased a new position in Brunswick Co. (NYSE:BC) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 600 shares of the company’s stock, valued at approximately $39,000.

Other hedge funds have also recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new position in Brunswick in the 3rd quarter worth $26,000. Avior Wealth Management LLC raised its stake in shares of Brunswick by 1,073.7% in the third 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 raised its stake in shares of 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 last quarter. GAMMA Investing LLC lifted its holdings in shares of Brunswick by 92.5% during 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 boosted its position in Brunswick by 21.6% in the third quarter. CWM LLC now owns 1,323 shares of the company’s stock valued at $111,000 after buying an additional 235 shares during the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

Analyst Upgrades and Downgrades

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

Brunswick Trading Up 0.4 %

Shares of BC stock opened at $67.56 on Friday. The stock has a 50 day simple moving average of $73.15 and a 200-day simple moving average of $76.85. Brunswick Co. has a 1-year low of $62.64 and a 1-year high of $96.65. The company has a market cap of $4.46 billion, a price-to-earnings ratio of 16.81 and a beta of 1.54. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.97 and a quick ratio of 0.74.

Insiders Place Their Bets

In other Brunswick news, Director Nancy E. Cooper sold 366 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $80.19, for a total transaction of $29,349.54. Following the completion of the sale, the director now directly owns 24,557 shares in the company, valued at approximately $1,969,225.83. The trade was a 1.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph W. Mcclanathan sold 4,745 shares of the firm’s stock in a transaction that occurred 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 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,940 shares of company stock worth $2,321,176. Company insiders own 0.81% of the company’s stock.

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.