Entropy Technologies LP Takes $341,000 Position in Brunswick Co. (NYSE:BC)

Entropy Technologies LP bought a new position in shares of Brunswick Co. (NYSE:BC) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 4,066 shares of the company’s stock, valued at approximately $341,000.

Other hedge funds also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new position in shares of Brunswick in the third quarter worth $26,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Brunswick by 43,700.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 438 shares of the company’s stock valued at $42,000 after purchasing an additional 437 shares during the period. Covestor Ltd raised its stake in shares of Brunswick by 669.0% in the third quarter. Covestor Ltd now owns 969 shares of the company’s stock worth $81,000 after purchasing an additional 843 shares during the last quarter. GAMMA Investing LLC boosted its position in Brunswick by 92.5% in the third quarter. GAMMA Investing LLC now owns 1,155 shares of the company’s stock valued at $97,000 after buying an additional 555 shares during the last quarter. Finally, Fifth Third Bancorp increased its holdings in Brunswick by 47.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,511 shares of the company’s stock worth $110,000 after buying an additional 483 shares during the period. 99.34% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Brunswick

In related news, CEO David M. Foulkes sold 23,829 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $80.22, for a total value 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 trade represents a 8.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 value of $380,264.30. Following the transaction, the director now owns 19,218 shares in the company, valued at approximately $1,540,130.52. The trade was a 19.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,940 shares of company stock valued at $2,321,176 over the last quarter. 0.81% of the stock is currently owned by insiders.

Brunswick Stock Down 0.8 %

Shares of NYSE BC opened at $80.20 on Friday. The firm has a market cap of $5.29 billion, a price-to-earnings ratio of 19.95 and a beta of 1.51. The company’s 50-day simple moving average is $81.41 and its 200-day simple moving average is $78.82. 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 52-week low of $69.05 and a 52-week high of $99.68.

Brunswick Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Jefferies Financial Group reaffirmed a “hold” rating and issued a $70.00 price objective (down from $115.00) on shares of Brunswick in a report on Friday, July 26th. Citigroup increased 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. Robert W. Baird decreased their price objective on Brunswick from $95.00 to $93.00 and set an “outperform” rating for the company in a report on Friday, July 26th. JPMorgan Chase & Co. reduced their price target on Brunswick from $78.00 to $75.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. Finally, Benchmark restated a “buy” rating and issued a $100.00 price objective on shares of Brunswick in a research report on Friday, October 25th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Brunswick presently 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.