Brunswick Co. (NYSE:BC) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC boosted its holdings in shares of Brunswick Co. (NYSE:BC) by 10.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 16,849 shares of the company’s stock after purchasing an additional 1,652 shares during the quarter. Natixis Advisors LLC’s holdings in Brunswick were worth $1,412,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. V Square Quantitative Management LLC bought a new position in Brunswick during the 3rd quarter valued at $26,000. Covestor Ltd lifted its stake in Brunswick by 669.0% during the third quarter. Covestor Ltd now owns 969 shares of the company’s stock valued at $81,000 after buying an additional 843 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Brunswick by 92.5% in the third quarter. GAMMA Investing LLC now owns 1,155 shares of the company’s stock valued at $97,000 after purchasing an additional 555 shares in the last quarter. Fifth Third Bancorp boosted its position 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 acquiring an additional 483 shares during the period. Finally, CWM LLC grew its position in Brunswick by 21.6% during the third quarter. CWM LLC now owns 1,323 shares of the company’s stock valued at $111,000 after purchasing an additional 235 shares in the last quarter. 99.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BC has been the subject of a number of analyst reports. Citigroup lifted their target price on shares of Brunswick from $92.00 to $101.00 and gave the company a “buy” rating in a research note on Friday, September 27th. B. Riley downgraded shares of Brunswick from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $95.00 to $88.00 in a research report on Tuesday. Finally, Benchmark restated a “buy” rating and set a $100.00 target price on shares of Brunswick in a report on Friday, October 25th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $88.54.

Brunswick Stock Down 5.9 %

Shares of NYSE:BC opened at $80.74 on Wednesday. Brunswick Co. has a 52-week low of $69.05 and a 52-week high of $99.68. The company has a market capitalization of $5.33 billion, a PE ratio of 20.03 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 company has a fifty day moving average of $81.92 and a 200-day moving average of $78.78.

Brunswick Dividend Announcement

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

Insider Buying and Selling

In related news, Director Nancy E. Cooper sold 366 shares of the company’s stock in a transaction 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 owns 24,557 shares in the company, valued at approximately $1,969,225.83. This represents a 1.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO David M. Foulkes sold 23,829 shares of the business’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $80.22, for a total transaction of $1,911,562.38. Following the transaction, the chief executive officer now owns 251,094 shares in the company, valued at approximately $20,142,760.68. This trade represents a 8.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 28,940 shares of company stock valued at $2,321,176 over the last ninety days. 0.81% of the stock is owned by company insiders.

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.