Sanctuary Advisors LLC Boosts Stock Holdings in Brunswick Co. (NYSE:BC)

Sanctuary Advisors LLC grew its position in Brunswick Co. (NYSE:BC) by 12.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,808 shares of the company’s stock after purchasing an additional 1,387 shares during the period. Sanctuary Advisors LLC’s holdings in Brunswick were worth $1,055,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Sei Investments Co. grew its stake in Brunswick by 7.6% in the 2nd quarter. Sei Investments Co. now owns 221,073 shares of the company’s stock valued at $16,087,000 after purchasing an additional 15,602 shares during the period. Edgestream Partners L.P. bought a new position in Brunswick during the second quarter valued at about $8,289,000. Quest Partners LLC increased its holdings in Brunswick by 99,353.8% during the second quarter. Quest Partners LLC now owns 12,929 shares of the company’s stock worth $941,000 after buying an additional 12,916 shares during the last quarter. American Century Companies Inc. raised its position in Brunswick by 4.1% in the second quarter. American Century Companies Inc. now owns 1,461,268 shares of the company’s stock worth $106,337,000 after acquiring an additional 57,605 shares during the period. Finally, Bank of Montreal Can raised its position in Brunswick by 20.8% in the second quarter. Bank of Montreal Can now owns 40,193 shares of the company’s stock worth $2,925,000 after acquiring an additional 6,922 shares during the period. 99.34% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Brunswick news, Director Joseph W. Mcclanathan sold 4,745 shares of the business’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 of the company’s stock, valued at $1,540,130.52. The trade was a 19.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David M. Foulkes sold 23,829 shares of the firm’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $80.22, for a total transaction of $1,911,562.38. Following the sale, 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 position. The disclosure for this sale can be found here. Insiders have sold 28,940 shares of company stock worth $2,321,176 in the last three months. 0.81% of the stock is currently owned by corporate insiders.

Brunswick Stock Down 0.1 %

BC stock opened at $66.75 on Friday. The stock has a 50-day simple moving average of $79.44 and a two-hundred day simple moving average of $78.11. Brunswick Co. has a twelve month low of $66.40 and a twelve month high of $99.68. The firm has a market capitalization of $4.40 billion, a PE ratio of 16.60 and a beta of 1.50. The company has a quick ratio of 0.74, a current ratio of 1.97 and a debt-to-equity ratio of 1.17.

Brunswick Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Wednesday, November 20th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend was Wednesday, November 20th. Brunswick’s dividend payout ratio (DPR) is presently 41.79%.

Wall Street Analyst Weigh In

BC has been the subject of a number of research reports. Citigroup increased their target price on shares of Brunswick from $92.00 to $101.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Benchmark reissued a “buy” rating and issued 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 company from $95.00 to $88.00 in a research note on Tuesday, November 26th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $88.54.

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.