Brunswick Co. (NYSE:BC) Director Joseph W. Mcclanathan Sells 4,745 Shares

Brunswick Co. (NYSE:BCGet Free Report) Director Joseph W. Mcclanathan sold 4,745 shares of the business’s stock in a transaction 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 completion of the sale, the director now directly owns 19,218 shares in the company, valued at approximately $1,540,130.52. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Brunswick Price Performance

BC stock opened at $81.61 on Thursday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.70 and a quick ratio of 0.75. The company’s 50-day moving average is $80.63 and its 200-day moving average is $78.95. The stock has a market capitalization of $5.40 billion, a PE ratio of 20.30 and a beta of 1.51. Brunswick Co. has a 1 year low of $67.95 and a 1 year high of $99.68.

Brunswick Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders 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 2.06%. Brunswick’s payout ratio is currently 41.79%.

Institutional Investors Weigh In On Brunswick

Several hedge funds and other institutional investors have recently modified their holdings of BC. Vanguard Group Inc. grew its position in Brunswick by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 7,266,170 shares of the company’s stock valued at $701,331,000 after purchasing an additional 160,531 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Brunswick by 2.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,637,962 shares of the company’s stock valued at $191,964,000 after buying an additional 58,583 shares in the last quarter. Baillie Gifford & Co. grew its holdings in shares of Brunswick by 88.0% during the second quarter. Baillie Gifford & Co. now owns 2,430,983 shares of the company’s stock valued at $176,903,000 after buying an additional 1,137,568 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of 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 acquiring an additional 144,416 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Brunswick by 4.1% in the 2nd quarter. American Century Companies Inc. now owns 1,461,268 shares of the company’s stock worth $106,337,000 after acquiring an additional 57,605 shares during the last quarter. Institutional investors own 99.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on BC shares. Jefferies Financial Group reiterated a “hold” rating and issued a $70.00 price target (down previously from $115.00) on shares of Brunswick in a research report on Friday, July 26th. Robert W. Baird decreased their target price on shares of Brunswick from $95.00 to $93.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. B. Riley dropped their price target on shares of Brunswick from $108.00 to $97.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. JPMorgan Chase & Co. decreased their price objective on shares of Brunswick from $78.00 to $75.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. 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 equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.23.

Check Out Our Latest Stock Report on BC

Brunswick Company Profile

(Get Free Report)

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.

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