LS Investment Advisors LLC lowered its holdings in Brunswick Co. (NYSE:BC) by 20.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,559 shares of the company’s stock after selling 1,392 shares during the quarter. LS Investment Advisors LLC’s holdings in Brunswick were worth $307,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. The Manufacturers Life Insurance Company grew its position in shares of Brunswick by 1.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 131,144 shares of the company’s stock worth $8,227,000 after buying an additional 1,983 shares during the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Brunswick in the 2nd quarter worth approximately $263,000. Nomura Holdings Inc. purchased a new position in shares of Brunswick in the 2nd quarter worth approximately $240,000. Meeder Asset Management Inc. grew its position in shares of Brunswick by 54.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 20,146 shares of the company’s stock worth $1,128,000 after buying an additional 7,068 shares during the last quarter. Finally, Strs Ohio grew its position in shares of Brunswick by 30.4% in the 3rd quarter. Strs Ohio now owns 150,000 shares of the company’s stock worth $8,395,000 after buying an additional 35,000 shares during the last quarter. Institutional investors and hedge funds own 89.61% of the company’s stock.
Shares of Brunswick Co. (NYSE BC) opened at $59.04 on Tuesday. The firm has a market cap of $5,177.21, a P/E ratio of 15.54, a price-to-earnings-growth ratio of 0.79 and a beta of 1.82. Brunswick Co. has a 12-month low of $48.04 and a 12-month high of $64.45. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.04 and a current ratio of 1.78.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Tuesday, February 27th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Monday, February 26th. Brunswick’s dividend payout ratio (DPR) is currently 47.80%.
In related news, insider John C. Pfeifer sold 3,780 shares of the business’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $54.96, for a total value of $207,748.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Christopher F. Dekker sold 3,100 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $58.84, for a total transaction of $182,404.00. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.
A number of research analysts have recently issued reports on the stock. Wedbush raised shares of Brunswick from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $57.54 to $70.00 in a research report on Wednesday, February 14th. Zacks Investment Research raised shares of Brunswick from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a research report on Tuesday, February 6th. Citigroup boosted their target price on shares of Brunswick from $66.00 to $69.00 and gave the stock a “buy” rating in a research report on Tuesday, February 6th. BMO Capital Markets boosted their target price on shares of Brunswick to $69.00 and gave the stock an “outperform” rating in a research report on Monday, February 5th. Finally, Imperial Capital boosted their target price on shares of Brunswick from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Monday, February 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $66.13.
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Brunswick Corporation is a designer, manufacturer and marketer of recreation products. The Company operates through three segments: Marine Engine, Boat and Fitness. The Company’s product includes marine engines, boats, fitness equipment and active recreation products. The Company’s engine-related products include outboard, sterndrive and inboard engines; trolling motors; propellers; engine control systems; and marine parts and accessories.
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