Stifel Financial Corp Boosts Holdings in Brunswick Co. (NYSE:BC)

Stifel Financial Corp increased its stake in shares of Brunswick Co. (NYSE:BC) by 3.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 50,114 shares of the company’s stock after buying an additional 1,732 shares during the period. Stifel Financial Corp’s holdings in Brunswick were worth $4,201,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA increased its holdings in Brunswick by 17.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,090,078 shares of the company’s stock worth $259,010,000 after buying an additional 452,116 shares during the last quarter. Baillie Gifford & Co. boosted its position in Brunswick by 88.0% during the second quarter. Baillie Gifford & Co. now owns 2,430,983 shares of the company’s stock worth $176,903,000 after purchasing an additional 1,137,568 shares during the period. Dimensional Fund Advisors LP boosted its position in Brunswick by 7.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,096,808 shares of the company’s stock worth $152,577,000 after purchasing an additional 144,416 shares during the period. American Century Companies Inc. boosted its position in Brunswick by 4.1% during the second quarter. American Century Companies Inc. now owns 1,461,268 shares of the company’s stock worth $106,337,000 after purchasing an additional 57,605 shares during the period. Finally, Victory Capital Management Inc. boosted its position in Brunswick by 13.5% during the third quarter. Victory Capital Management Inc. now owns 1,414,490 shares of the company’s stock worth $118,563,000 after purchasing an additional 168,384 shares during the period. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Insiders Place Their Bets

In other Brunswick news, Director Nancy E. Cooper sold 366 shares of Brunswick stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $80.19, for a total transaction of $29,349.54. Following the transaction, the director now directly owns 24,557 shares of the company’s stock, valued at approximately $1,969,225.83. This trade represents a 1.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Joseph W. Mcclanathan sold 4,745 shares of Brunswick stock in a transaction that occurred 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 transaction, the director now directly owns 19,218 shares in the company, valued at $1,540,130.52. This trade represents a 19.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,940 shares of company stock valued at $2,321,176. 0.81% of the stock is currently owned by corporate insiders.

Brunswick Trading Down 1.8 %

Shares of Brunswick stock opened at $73.59 on Monday. Brunswick Co. has a 1 year low of $69.05 and a 1 year high of $99.68. The firm has a market cap of $4.86 billion, a PE ratio of 18.31 and a beta of 1.50. 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 company has a 50 day simple moving average of $80.67 and a two-hundred day simple moving average of $78.50.

Brunswick Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 20th were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.28%. The ex-dividend date was Wednesday, November 20th. Brunswick’s dividend payout ratio (DPR) is presently 41.79%.

Wall Street Analyst Weigh In

BC has been the subject of a number of research reports. Benchmark reiterated a “buy” rating and set a $100.00 target price on shares of Brunswick in a research report on Friday, October 25th. B. Riley lowered shares of Brunswick from a “buy” rating to a “neutral” rating and cut their price objective for the company from $95.00 to $88.00 in a research report on Tuesday, November 26th. Finally, Citigroup raised their price objective on shares of Brunswick from $92.00 to $101.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $88.54.

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.