David M. Foulkes Sells 23,829 Shares of Brunswick Co. (NYSE:BC) Stock

Brunswick Co. (NYSE:BC) CEO David M. Foulkes sold 23,829 shares of the business’s stock in a transaction dated 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 owns 251,094 shares of the company’s stock, valued at approximately $20,142,760.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Brunswick Price Performance

Shares of Brunswick stock opened at $81.56 on Wednesday. The firm has a market cap of $5.38 billion, a PE ratio of 20.05 and a beta of 1.51. The business has a 50-day moving average price of $80.67 and a 200 day moving average price of $78.84. The company has a quick ratio of 0.74, a current ratio of 1.97 and a debt-to-equity ratio of 1.17. Brunswick Co. has a twelve month low of $69.05 and a twelve month high of $99.68.

Brunswick Announces Dividend

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

Institutional Trading of Brunswick

Several institutional investors have recently modified their holdings of the stock. V Square Quantitative Management LLC acquired a new stake in Brunswick in the 3rd quarter worth about $26,000. Allspring Global Investments Holdings LLC increased its position in shares of Brunswick by 43,700.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 438 shares of the company’s stock worth $42,000 after purchasing an additional 437 shares in the last quarter. J.Safra Asset Management Corp raised its stake in Brunswick by 77.1% in the 1st quarter. J.Safra Asset Management Corp now owns 602 shares of the company’s stock valued at $58,000 after purchasing an additional 262 shares during the last quarter. Covestor Ltd lifted its holdings in Brunswick by 669.0% in the 3rd quarter. Covestor Ltd now owns 969 shares of the company’s stock valued at $81,000 after purchasing an additional 843 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in Brunswick by 92.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,155 shares of the company’s stock worth $97,000 after purchasing an additional 555 shares during the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Benchmark reaffirmed a “buy” rating and set a $100.00 price objective on shares of Brunswick in a research report on Friday, October 25th. Citigroup lifted their price objective on shares of Brunswick from $92.00 to $101.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Roth Mkm reissued a “buy” rating and set a $94.00 target price on shares of Brunswick in a research report on Thursday, July 25th. JPMorgan Chase & Co. cut their price target on shares of Brunswick from $78.00 to $75.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. Finally, B. Riley decreased their price objective on Brunswick from $108.00 to $97.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $89.23.

About Brunswick

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.