Savant Capital LLC reduced its position in Brunswick Corporation (NYSE:BC – Free Report) by 72.1% in the 4th quarter, Holdings Channel reports. The fund owned 6,398 shares of the company’s stock after selling 16,532 shares during the period. Savant Capital LLC’s holdings in Brunswick were worth $475,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Horizon Corp grew its stake in Brunswick by 31.7% in the 4th quarter. First Horizon Corp now owns 548 shares of the company’s stock worth $41,000 after acquiring an additional 132 shares during the period. Verdence Capital Advisors LLC grew its stake in Brunswick by 2.4% in the 4th quarter. Verdence Capital Advisors LLC now owns 6,783 shares of the company’s stock worth $504,000 after acquiring an additional 156 shares during the period. Farther Finance Advisors LLC grew its stake in Brunswick by 72.3% in the 4th quarter. Farther Finance Advisors LLC now owns 379 shares of the company’s stock worth $28,000 after acquiring an additional 159 shares during the period. Jones Financial Companies Lllp grew its stake in Brunswick by 50.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 494 shares of the company’s stock worth $31,000 after acquiring an additional 166 shares during the period. Finally, NewEdge Advisors LLC grew its stake in Brunswick by 15.2% in the 3rd quarter. NewEdge Advisors LLC now owns 1,332 shares of the company’s stock worth $84,000 after acquiring an additional 176 shares during the period. 99.34% of the stock is owned by hedge funds and other institutional investors.
Brunswick Stock Up 0.5%
Shares of BC opened at $82.52 on Friday. The firm has a market cap of $5.36 billion, a PE ratio of -39.30 and a beta of 1.33. The company’s fifty day moving average is $78.45 and its two-hundred day moving average is $77.92. Brunswick Corporation has a fifty-two week low of $53.76 and a fifty-two week high of $90.25. The company has a quick ratio of 0.62, a current ratio of 1.38 and a debt-to-equity ratio of 1.13.
Brunswick Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, May 18th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Monday, May 18th. Brunswick’s dividend payout ratio (DPR) is -83.81%.
Insider Buying and Selling at Brunswick
In other Brunswick news, CEO David M. Foulkes sold 25,853 shares of Brunswick stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $83.12, for a total value of $2,148,901.36. Following the transaction, the chief executive officer owned 267,528 shares in the company, valued at $22,236,927.36. This trade represents a 8.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.99% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Several analysts have commented on BC shares. Wall Street Zen cut shares of Brunswick from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. JPMorgan Chase & Co. lifted their target price on shares of Brunswick from $78.00 to $83.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 28th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Brunswick in a research note on Friday, March 27th. Texas Capital raised shares of Brunswick from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 10th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $76.00 target price on shares of Brunswick in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $87.00.
Check Out Our Latest Stock Analysis on BC
Brunswick Profile
Founded in 1845 by John Moses Brunswick, Brunswick Corporation is a global leader in recreation products. Headquartered in Mettawa, Illinois, the company has evolved from its origins as a billiard table manufacturer into a diversified supplier of leisure equipment, serving both consumer and commercial markets around the world.
Brunswick operates through two primary segments: Marine and Bowling & Billiards. In its Marine segment, the company designs, manufactures and distributes recreational boats, outboard engines and aftermarket parts under recognized brands such as Sea Ray, Bayliner and Mercury Marine.
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