Landscape Capital Management L.L.C. Acquires New Shares in Brunswick Co. (NYSE:BC)

Landscape Capital Management L.L.C. bought a new position in shares of Brunswick Co. (NYSE:BC) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,936 shares of the company’s stock, valued at approximately $330,000.

Several other large investors also recently bought and sold shares of the company. Quadrature Capital Ltd increased its stake in shares of Brunswick by 24.0% during the 1st quarter. Quadrature Capital Ltd now owns 10,397 shares of the company’s stock worth $1,004,000 after purchasing an additional 2,012 shares in the last quarter. Kennedy Capital Management LLC raised its holdings in shares of Brunswick by 12.0% in the first quarter. Kennedy Capital Management LLC now owns 117,742 shares of the company’s stock worth $11,364,000 after acquiring an additional 12,618 shares during the last quarter. Tidal Investments LLC lifted its position in shares of Brunswick by 102.6% in the first 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 in the last quarter. Comerica Bank boosted its stake in shares of Brunswick by 0.6% during the first quarter. Comerica Bank now owns 35,548 shares of the company’s stock valued at $3,431,000 after acquiring an additional 205 shares during the last quarter. Finally, Garner Asset Management Corp increased its position in Brunswick by 1.4% during the 1st quarter. Garner Asset Management Corp now owns 57,747 shares of the company’s stock worth $5,574,000 after purchasing an additional 801 shares in the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

Wall Street Analyst Weigh In

BC has been the topic of several analyst reports. Northcoast Research raised 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. Benchmark restated a “buy” rating and set a $100.00 target price on shares of Brunswick in a research report on Friday, October 25th. Finally, Citigroup lifted their target price on shares of Brunswick from $92.00 to $101.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Brunswick has an average rating of “Moderate Buy” and a consensus price target of $89.23.

Brunswick Stock Performance

Shares of NYSE:BC opened at $82.37 on Monday. The business has a 50-day moving average of $81.81 and a two-hundred day moving average of $78.77. The firm has a market capitalization of $5.44 billion, a PE ratio of 20.49 and a beta of 1.51. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.97 and a quick ratio of 0.74. Brunswick Co. has a 12 month low of $69.05 and a 12 month high of $99.68.

Brunswick Announces Dividend

The firm 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 $0.42 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $1.68 annualized dividend and a yield of 2.04%. Brunswick’s payout ratio is 41.79%.

Insider Buying and Selling at Brunswick

In other Brunswick news, Director Joseph W. Mcclanathan sold 4,745 shares of the firm’s stock in a transaction dated 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 directly owns 19,218 shares of the company’s stock, valued at $1,540,130.52. This trade represents a 19.80 % decrease in their ownership of the stock. The transaction 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 company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $80.19, for a total value of $29,349.54. Following the completion of the sale, the director now directly owns 24,557 shares of the company’s stock, valued at $1,969,225.83. The trade was a 1.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,940 shares of company stock valued at $2,321,176 over the last ninety days. Corporate insiders own 0.81% of the company’s stock.

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.