Hodges Capital Management Inc. Has $9.83 Million Stock Holdings in Brunswick Co. (NYSE:BC)

Hodges Capital Management Inc. reduced its stake in Brunswick Co. (NYSE:BC) by 0.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 117,243 shares of the company’s stock after selling 184 shares during the period. Hodges Capital Management Inc. owned 0.18% of Brunswick worth $9,827,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Orion Portfolio Solutions LLC grew its holdings in Brunswick by 26.5% during the third quarter. Orion Portfolio Solutions LLC now owns 7,087 shares of the company’s stock valued at $594,000 after purchasing an additional 1,484 shares during the period. Castleark Management LLC purchased a new position in Brunswick during the third quarter worth about $3,743,000. Stadium Capital Management LLC raised its stake in Brunswick by 25.5% in the third quarter. Stadium Capital Management LLC now owns 196,251 shares of the company’s stock valued at $16,450,000 after purchasing an additional 39,866 shares in the last quarter. Stifel Financial Corp boosted its holdings in shares of Brunswick by 3.6% in the 3rd quarter. Stifel Financial Corp now owns 50,114 shares of the company’s stock worth $4,201,000 after purchasing an additional 1,732 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its stake in shares of Brunswick by 224.1% during the third quarter. Quantinno Capital Management LP now owns 29,256 shares of the company’s stock valued at $2,452,000 after purchasing an additional 20,230 shares during the period. Institutional investors and hedge funds own 99.34% of the company’s stock.

Wall Street Analyst Weigh In

BC has been the topic of several research reports. B. Riley lowered Brunswick from a “buy” rating to a “neutral” rating and dropped their price target for the company from $95.00 to $88.00 in a research report on Tuesday, November 26th. Citigroup boosted their target price on Brunswick from $92.00 to $101.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Finally, Benchmark reissued a “buy” rating and set a $100.00 price target on shares of Brunswick in a report 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 company. Based on data from MarketBeat.com, Brunswick has an average rating of “Moderate Buy” and an average price target of $88.54.

Insider Buying and Selling at Brunswick

In other news, Director Nancy E. Cooper sold 366 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 24,557 shares of the company’s stock, valued at approximately $1,969,225.83. The trade was a 1.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Joseph W. Mcclanathan sold 4,745 shares of the business’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $80.14, for a total transaction of $380,264.30. Following the completion of the transaction, the director now directly owns 19,218 shares in the company, valued at $1,540,130.52. This represents a 19.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,940 shares of company stock worth $2,321,176 over the last three months. Insiders own 0.81% of the company’s stock.

Brunswick Trading Down 1.1 %

NYSE BC opened at $76.81 on Friday. Brunswick Co. has a 52 week low of $69.05 and a 52 week high of $99.68. The firm has a 50 day moving average of $81.34 and a two-hundred day moving average of $78.62. The stock has a market capitalization of $5.07 billion, a PE ratio of 19.11 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 firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 20th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend is Wednesday, November 20th. Brunswick’s payout ratio is 41.79%.

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.