Covestor Ltd Has $81,000 Stake in Brunswick Co. (NYSE:BC)

Covestor Ltd grew its stake in Brunswick Co. (NYSE:BC) by 669.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 969 shares of the company’s stock after buying an additional 843 shares during the period. Covestor Ltd’s holdings in Brunswick were worth $81,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its position in Brunswick by 43,700.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 438 shares of the company’s stock worth $42,000 after purchasing an additional 437 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in Brunswick by 45.1% in the first quarter. Janney Montgomery Scott LLC now owns 9,174 shares of the company’s stock valued at $886,000 after acquiring an additional 2,852 shares during the period. Envestnet Portfolio Solutions Inc. raised its position in Brunswick by 7.3% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 2,905 shares of the company’s stock worth $280,000 after purchasing an additional 197 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Brunswick in the first quarter valued at $277,000. Finally, QRG Capital Management Inc. boosted its position in shares of Brunswick by 18.9% in the 1st quarter. QRG Capital Management Inc. now owns 11,885 shares of the company’s stock worth $1,147,000 after purchasing an additional 1,889 shares during the last quarter. Institutional investors own 99.34% of the company’s stock.

Brunswick Stock Performance

Shares of Brunswick stock opened at $81.66 on Thursday. The business’s fifty day simple moving average is $81.23 and its 200 day simple moving average is $78.83. The company has a current ratio of 1.97, a quick ratio of 0.74 and a debt-to-equity ratio of 1.17. Brunswick Co. has a 12 month low of $69.05 and a 12 month high of $99.68. The firm has a market capitalization of $5.39 billion, a P/E ratio of 20.31 and a beta of 1.51.

Brunswick Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 20th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Wednesday, November 20th. Brunswick’s dividend payout ratio is currently 41.79%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Robert W. Baird lowered their price objective on shares of Brunswick from $95.00 to $93.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Benchmark reissued a “buy” rating and set a $100.00 price target on shares of Brunswick in a report on Friday, October 25th. Roth Mkm reaffirmed a “buy” rating and issued a $94.00 price objective on shares of Brunswick in a report on Thursday, July 25th. JPMorgan Chase & Co. dropped their target price on Brunswick from $78.00 to $75.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. Finally, Northcoast Research upgraded shares of Brunswick from a “neutral” rating to a “buy” rating and set a $100.00 price target on the stock in a research note on Monday, July 29th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Brunswick presently has an average rating of “Moderate Buy” and an average price target of $89.23.

Insider Buying and Selling at Brunswick

In other news, Director Joseph W. Mcclanathan sold 4,745 shares of the firm’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $80.14, for a total value of $380,264.30. Following the completion of the transaction, the director now directly owns 19,218 shares of the company’s stock, valued at $1,540,130.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Brunswick news, CEO David M. Foulkes sold 23,829 shares of Brunswick stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $80.22, for a total transaction of $1,911,562.38. Following the completion of the sale, the chief executive officer now directly owns 251,094 shares in the company, valued at $20,142,760.68. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Joseph W. Mcclanathan sold 4,745 shares of Brunswick stock in a transaction on Friday, October 25th. The stock was sold at an average price of $80.14, for a total transaction of $380,264.30. Following the sale, the director now directly owns 19,218 shares of the company’s stock, valued at $1,540,130.52. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 28,940 shares of company stock worth $2,321,176 over the last ninety days. 0.81% of the stock is currently owned by company insiders.

Brunswick 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.