Van ECK Associates Corp boosted its stake in Brunswick Co. (NYSE:BC – Get Rating) by 6.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,498 shares of the company’s stock after purchasing an additional 156 shares during the quarter. Van ECK Associates Corp’s holdings in Brunswick were worth $180,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Citizens Financial Group Inc RI increased its stake in shares of Brunswick by 3.1% in the 3rd quarter. Citizens Financial Group Inc RI now owns 5,098 shares of the company’s stock valued at $334,000 after purchasing an additional 153 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Brunswick by 1.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 12,424 shares of the company’s stock valued at $814,000 after acquiring an additional 159 shares in the last quarter. US Bancorp DE raised its position in shares of Brunswick by 1.9% in the 3rd quarter. US Bancorp DE now owns 8,629 shares of the company’s stock worth $565,000 after acquiring an additional 159 shares in the last quarter. CWM LLC increased its position in Brunswick by 23.3% in the 3rd quarter. CWM LLC now owns 975 shares of the company’s stock valued at $64,000 after buying an additional 184 shares in the last quarter. Finally, Carl P. Sherr & Co. LLC increased its position in Brunswick by 2.6% in the 3rd quarter. Carl P. Sherr & Co. LLC now owns 7,954 shares of the company’s stock valued at $521,000 after buying an additional 201 shares in the last quarter. Institutional investors own 93.01% of the company’s stock.
Brunswick Stock Performance
Brunswick stock opened at $77.48 on Thursday. Brunswick Co. has a fifty-two week low of $61.89 and a fifty-two week high of $93.15. The stock has a market cap of $5.48 billion, a price-to-earnings ratio of 9.33 and a beta of 1.53. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.81 and a current ratio of 1.86. The stock’s 50 day simple moving average is $80.91 and its two-hundred day simple moving average is $79.06.
Brunswick Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Monday, May 15th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Friday, May 12th. Brunswick’s payout ratio is currently 19.28%.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on BC. B. Riley boosted their target price on Brunswick from $88.00 to $108.00 and gave the company a “buy” rating in a research report on Friday, February 3rd. StockNews.com began coverage on Brunswick in a research report on Thursday. They issued a “buy” rating for the company. Jefferies Financial Group decreased their target price on Brunswick from $105.00 to $94.00 and set a “buy” rating for the company in a research report on Friday, March 17th. Roth Capital reissued a “buy” rating on shares of Brunswick in a report on Thursday, February 2nd. Finally, Robert W. Baird boosted their price objective on Brunswick from $100.00 to $110.00 in a report on Friday, February 3rd. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, Brunswick currently has a consensus rating of “Moderate Buy” and an average target price of $102.25.
Insider Activity
In related news, Director Nancy E. Cooper sold 327 shares of the stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $86.23, for a total value of $28,197.21. Following the completion of the sale, the director now directly owns 20,499 shares of the company’s stock, valued at approximately $1,767,628.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Nancy E. Cooper sold 327 shares of the stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $86.23, for a total value of $28,197.21. Following the completion of the sale, the director now directly owns 20,499 shares of the company’s stock, valued at approximately $1,767,628.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David M. Foulkes sold 13,000 shares of the stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $81.40, for a total transaction of $1,058,200.00. Following the completion of the sale, the chief executive officer now directly owns 241,957 shares of the company’s stock, valued at $19,695,299.80. The disclosure for this sale can be found here. Insiders own 0.74% of the company’s stock.
About Brunswick
Brunswick Corp. engages in the design, manufacture, and marketing of recreational marine products, including marine engines, boats, and parts and accessories for those products. It operates through the following segments: Propulsion, Parts and Accessories, Boat, and Corporate/Other. The Propulsion segment manufactures a full range of outboard, sterndrive, and inboard engines, as well as propulsion-related controls, propellers, and rigging parts and accessories.
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