Brunswick Co. (NYSE:BC) Position Raised by Inspire Investing LLC

Inspire Investing LLC raised its stake in Brunswick Co. (NYSE:BC) by 22.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,805 shares of the company’s stock after buying an additional 1,260 shares during the period. Inspire Investing LLC’s holdings in Brunswick were worth $440,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new position in Brunswick during the 3rd quarter worth approximately $26,000. Armstrong Advisory Group Inc. purchased a new position in Brunswick during the 4th quarter worth approximately $39,000. Avior Wealth Management LLC grew its position in Brunswick by 1,073.7% during the 3rd quarter. Avior Wealth Management LLC now owns 669 shares of the company’s stock worth $56,000 after purchasing an additional 612 shares in the last quarter. Covestor Ltd grew its position in Brunswick by 669.0% during the 3rd quarter. Covestor Ltd now owns 969 shares of the company’s stock worth $81,000 after purchasing an additional 843 shares in the last quarter. Finally, GAMMA Investing LLC grew its position 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 in the last quarter. Institutional investors own 99.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Morgan Stanley lowered their price objective on shares of Brunswick from $78.00 to $64.00 and set an “equal weight” rating on the stock in a research report on Tuesday. B. Riley cut shares of Brunswick from a “buy” rating to a “neutral” rating and lowered their price target for the company from $95.00 to $88.00 in a report on Tuesday, November 26th. Stifel Nicolaus lowered their price target on shares of Brunswick from $95.00 to $86.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Benchmark restated a “buy” rating and set a $100.00 price target on shares of Brunswick in a report on Friday, October 25th. Finally, Roth Mkm lowered their price target on shares of Brunswick from $91.00 to $85.00 and set a “buy” rating on the stock in a report on Friday. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $83.77.

Brunswick Stock Down 0.2 %

Brunswick stock opened at $68.24 on Friday. The firm has a market cap of $4.50 billion, a price-to-earnings ratio of 16.97 and a beta of 1.54. 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 fifty-two week low of $62.64 and a fifty-two week high of $96.65. The firm has a fifty day moving average price of $71.52 and a two-hundred day moving average price of $76.77.

Insiders Place Their Bets

In other Brunswick news, CEO David M. Foulkes sold 23,829 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer now owns 251,094 shares of the company’s stock, valued at $20,142,760.68. The trade was a 8.67 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Nancy E. Cooper sold 366 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $80.19, for a total transaction of $29,349.54. Following the transaction, the director now directly owns 24,557 shares of the company’s stock, valued at approximately $1,969,225.83. This represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.81% of the company’s stock.

Brunswick 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.