Brunswick Co. (NYSE:BC) CEO David M. Foulkes Sells 23,829 Shares

Brunswick Co. (NYSE:BC) CEO David M. Foulkes sold 23,829 shares of the firm’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $80.22, for a total value of $1,911,562.38. Following the completion of the sale, the chief executive officer now directly owns 251,094 shares in the company, valued at $20,142,760.68. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Brunswick Price Performance

BC stock opened at $80.61 on Tuesday. The firm has a market capitalization of $5.32 billion, a price-to-earnings ratio of 20.05 and a beta of 1.51. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.74 and a current ratio of 1.97. The firm has a 50 day moving average price of $80.70 and a 200-day moving average price of $78.85. Brunswick Co. has a 52-week low of $69.05 and a 52-week high of $99.68.

Brunswick Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 20th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.08%. The ex-dividend date is Wednesday, November 20th. Brunswick’s dividend payout ratio (DPR) is currently 41.79%.

Institutional Investors Weigh In On Brunswick

Several institutional investors and hedge funds have recently made changes to their positions in the company. Nisa Investment Advisors LLC increased its position in shares of Brunswick by 0.5% during the third quarter. Nisa Investment Advisors LLC now owns 26,731 shares of the company’s stock valued at $2,241,000 after acquiring an additional 145 shares in the last quarter. Inspire Investing LLC increased its position in shares of Brunswick by 2.8% during the third quarter. Inspire Investing LLC now owns 5,545 shares of the company’s stock valued at $465,000 after acquiring an additional 153 shares in the last quarter. Inspire Advisors LLC increased its position in shares of Brunswick by 7.9% during the first quarter. Inspire Advisors LLC now owns 2,268 shares of the company’s stock valued at $219,000 after acquiring an additional 166 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Brunswick by 3.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,647 shares of the company’s stock valued at $390,000 after acquiring an additional 174 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its position in shares of Brunswick by 7.3% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 2,905 shares of the company’s stock valued at $280,000 after acquiring an additional 197 shares in the last quarter. Institutional investors own 99.34% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Northcoast Research raised Brunswick from a “neutral” rating to a “buy” rating and set a $100.00 target price on the stock in a research note on Monday, July 29th. Benchmark restated a “buy” rating and issued a $100.00 price objective on shares of Brunswick in a report on Friday, October 25th. JPMorgan Chase & Co. lowered their price objective on shares of Brunswick from $78.00 to $75.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. Roth Mkm restated a “buy” rating and issued a $94.00 price objective on shares of Brunswick in a report on Thursday, July 25th. Finally, Citigroup raised their price objective on shares of Brunswick from $92.00 to $101.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $89.23.

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.