Brunswick Co. (NYSE:BC) Shares Sold by Fmr LLC

Fmr LLC lowered its position in shares of Brunswick Co. (NYSE:BC) by 27.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,154,666 shares of the company’s stock after selling 1,599,382 shares during the period. Fmr LLC owned 6.30% of Brunswick worth $348,244,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Tidal Investments LLC increased its holdings in shares of Brunswick by 102.6% in the 1st quarter. Tidal Investments LLC now owns 16,236 shares of the company’s stock valued at $1,567,000 after acquiring an additional 8,224 shares during the last quarter. Comerica Bank raised its holdings in Brunswick by 0.6% during the first quarter. Comerica Bank now owns 35,548 shares of the company’s stock worth $3,431,000 after purchasing an additional 205 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Brunswick by 292.5% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 9,224 shares of the company’s stock worth $671,000 after buying an additional 6,874 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in shares of Brunswick by 12.3% in the 2nd quarter. QRG Capital Management Inc. now owns 13,341 shares of the company’s stock valued at $971,000 after buying an additional 1,456 shares in the last quarter. Finally, Sendero Wealth Management LLC grew its position in shares of Brunswick by 3.3% in the 2nd quarter. Sendero Wealth Management LLC now owns 35,602 shares of the company’s stock valued at $2,591,000 after buying an additional 1,149 shares during the last quarter. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Insider Activity at Brunswick

In other news, CEO David M. Foulkes sold 23,829 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $80.22, for a total value of $1,911,562.38. Following the completion of the transaction, the chief executive officer now owns 251,094 shares in the company, valued at $20,142,760.68. This trade represents a 8.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Nancy E. Cooper sold 366 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $80.19, for a total transaction of $29,349.54. Following the completion of the sale, the director now owns 24,557 shares of the company’s stock, valued at $1,969,225.83. This trade represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,940 shares of company stock worth $2,321,176 over the last 90 days. Company insiders own 0.81% of the company’s stock.

Brunswick Stock Performance

NYSE:BC opened at $80.51 on Friday. 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 firm has a market cap of $5.31 billion, a price-to-earnings ratio of 20.03 and a beta of 1.51. The firm’s fifty day moving average price is $81.74 and its 200 day moving average price is $78.77. Brunswick Co. has a 1-year low of $69.05 and a 1-year high of $99.68.

Brunswick Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 20th will be issued a dividend of $0.42 per share. The ex-dividend date is Wednesday, November 20th. This represents a $1.68 annualized dividend and a yield of 2.09%. Brunswick’s dividend payout ratio is currently 41.79%.

Analysts Set New Price Targets

Several research firms have issued reports on BC. B. Riley downgraded shares of Brunswick from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $95.00 to $88.00 in a research note on Tuesday, November 26th. 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, Citigroup lifted their price target on Brunswick from $92.00 to $101.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.