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 stock in a transaction that occurred on 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 sale, the chief executive officer now owns 251,094 shares in the company, valued at approximately $20,142,760.68. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Brunswick Trading Up 5.3 %

NYSE BC opened at $85.95 on Thursday. The firm’s fifty day moving average price is $80.82 and its 200 day moving average price is $78.87. Brunswick Co. has a 12 month low of $69.05 and a 12 month high of $99.68. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.97 and a quick ratio of 0.74. The company has a market capitalization of $5.67 billion, a price-to-earnings ratio of 21.38 and a beta of 1.51.

Brunswick Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 20th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 1.95%. The ex-dividend date is Wednesday, November 20th. Brunswick’s payout ratio is 41.79%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on BC shares. Stifel Nicolaus cut their price objective on Brunswick from $97.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, July 12th. Roth Mkm reaffirmed a “buy” rating and issued a $94.00 price target on shares of Brunswick in a research report on Thursday, July 25th. Northcoast Research raised Brunswick from a “neutral” rating to a “buy” rating and set a $100.00 price objective for the company in a research report on Monday, July 29th. Citigroup raised their target price on shares of Brunswick from $92.00 to $101.00 and gave the company a “buy” rating in a report on Friday, September 27th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $70.00 price target (down previously from $115.00) on shares of Brunswick in a report on Friday, July 26th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Brunswick has a consensus rating of “Moderate Buy” and a consensus target price of $89.23.

Institutional Trading of Brunswick

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Brunswick by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 7,266,170 shares of the company’s stock valued at $701,331,000 after acquiring an additional 160,531 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Brunswick by 2.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,637,962 shares of the company’s stock worth $191,964,000 after purchasing an additional 58,583 shares during the last quarter. Baillie Gifford & Co. lifted its holdings in shares of Brunswick by 88.0% during the second quarter. Baillie Gifford & Co. now owns 2,430,983 shares of the company’s stock worth $176,903,000 after purchasing an additional 1,137,568 shares during the period. Dimensional Fund Advisors LP grew its position in Brunswick by 7.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,096,808 shares of the company’s stock valued at $152,577,000 after buying an additional 144,416 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in Brunswick by 4.1% in the 2nd quarter. American Century Companies Inc. now owns 1,461,268 shares of the company’s stock valued at $106,337,000 after buying an additional 57,605 shares during the period. 99.34% of the stock is owned by institutional investors and hedge funds.

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.