Stifel Financial Corp Has $4.20 Million Stock Position in Brunswick Co. (NYSE:BC)

Stifel Financial Corp raised its holdings in Brunswick Co. (NYSE:BC) by 3.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 50,114 shares of the company’s stock after acquiring an additional 1,732 shares during the quarter. Stifel Financial Corp owned approximately 0.08% of Brunswick worth $4,201,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new position in Brunswick in the 3rd quarter valued at approximately $26,000. Avior Wealth Management LLC boosted its stake in shares of Brunswick by 1,073.7% in the 3rd quarter. Avior Wealth Management LLC now owns 669 shares of the company’s stock valued at $56,000 after purchasing an additional 612 shares during the last quarter. Covestor Ltd boosted its stake in shares of Brunswick by 669.0% in the 3rd quarter. Covestor Ltd now owns 969 shares of the company’s stock valued at $81,000 after purchasing an additional 843 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Brunswick by 92.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,155 shares of the company’s stock valued at $97,000 after purchasing an additional 555 shares during the last quarter. Finally, CWM LLC boosted its stake in shares of Brunswick by 21.6% in the 3rd quarter. CWM LLC now owns 1,323 shares of the company’s stock valued at $111,000 after purchasing an additional 235 shares during the last quarter. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BC has been the topic of a number of analyst reports. Citigroup upped their price objective 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 lowered shares of Brunswick from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $95.00 to $88.00 in a research note on Tuesday, November 26th. Finally, Benchmark reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Brunswick in a research note on Friday, October 25th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Brunswick presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.54.

Brunswick Stock Down 1.8 %

Brunswick stock opened at $73.59 on Monday. Brunswick Co. has a 1-year low of $69.05 and a 1-year high of $99.68. The firm has a market capitalization of $4.86 billion, a price-to-earnings ratio of 18.31 and a beta of 1.50. The firm’s fifty day moving average price is $80.67 and its two-hundred day moving average price is $78.50. The company has a current ratio of 1.97, a quick ratio of 0.74 and a debt-to-equity ratio of 1.17.

Brunswick Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 20th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date was Wednesday, November 20th. Brunswick’s dividend payout ratio (DPR) is 41.79%.

Insider Buying and Selling at Brunswick

In other news, CEO David M. Foulkes sold 23,829 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 251,094 shares in the company, valued at $20,142,760.68. This represents a 8.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Nancy E. Cooper sold 366 shares of the stock in a transaction dated Friday, November 1st. The shares were 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 of the company’s stock, valued at approximately $1,969,225.83. This represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,940 shares of company stock valued at $2,321,176. Corporate insiders own 0.81% of the company’s stock.

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.