Orion Portfolio Solutions LLC Buys 1,484 Shares of Brunswick Co. (NYSE:BC)

Orion Portfolio Solutions LLC boosted its stake in Brunswick Co. (NYSE:BC) by 26.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,087 shares of the company’s stock after acquiring an additional 1,484 shares during the period. Orion Portfolio Solutions LLC’s holdings in Brunswick were worth $594,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. lifted its stake in Brunswick by 36.0% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,952 shares of the company’s stock valued at $288,000 after buying an additional 1,047 shares during the period. Blue Trust Inc. acquired a new position in Brunswick in the second quarter valued at approximately $129,000. Fifth Third Bancorp lifted its stake in Brunswick by 47.0% in the second quarter. Fifth Third Bancorp now owns 1,511 shares of the company’s stock valued at $110,000 after buying an additional 483 shares during the period. Lecap Asset Management Ltd. acquired a new position in Brunswick in the second quarter valued at approximately $456,000. Finally, Baillie Gifford & Co. lifted its stake in Brunswick by 88.0% in the second quarter. Baillie Gifford & Co. now owns 2,430,983 shares of the company’s stock valued at $176,903,000 after buying an additional 1,137,568 shares during the period. 99.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BC has been the topic of several recent analyst reports. Citigroup boosted their price target on Brunswick from $92.00 to $101.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Benchmark reaffirmed a “buy” rating and set a $100.00 target price on shares of Brunswick in a research report on Friday, October 25th. Finally, B. Riley lowered 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, November 26th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Brunswick currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.54.

Brunswick Trading Down 1.4 %

NYSE BC opened at $71.42 on Wednesday. The firm has a market capitalization of $4.71 billion, a P/E ratio of 17.77 and a beta of 1.50. The business has a fifty day simple moving average of $80.50 and a 200 day simple moving average of $78.44. Brunswick Co. has a 12 month low of $69.05 and a 12 month high of $99.68. 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 Announces Dividend

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 $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend was Wednesday, November 20th. Brunswick’s payout ratio is currently 41.79%.

Insider Activity at Brunswick

In other Brunswick 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 value of $29,349.54. Following the completion of the transaction, the director now owns 24,557 shares in the company, valued at $1,969,225.83. This represents a 1.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David M. Foulkes sold 23,829 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now owns 251,094 shares of the company’s stock, valued at $20,142,760.68. This trade represents a 8.67 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 28,940 shares of company stock valued at $2,321,176. 0.81% of the stock is owned by 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.