Brunswick Co. (NYSE:BC) Shares Sold by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC cut its holdings in Brunswick Co. (NYSE:BC) by 5.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 6,421 shares of the company’s stock after selling 341 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Brunswick were worth $538,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. V Square Quantitative Management LLC bought a new position in Brunswick during the 3rd quarter worth $26,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Brunswick by 43,700.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 438 shares of the company’s stock valued at $42,000 after acquiring an additional 437 shares during the period. Covestor Ltd grew its position in shares of Brunswick by 669.0% during the third quarter. Covestor Ltd now owns 969 shares of the company’s stock worth $81,000 after acquiring an additional 843 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Brunswick by 92.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,155 shares of the company’s stock worth $97,000 after acquiring an additional 555 shares during the period. Finally, CWM LLC lifted its position in Brunswick by 21.6% in the 3rd quarter. CWM LLC now owns 1,323 shares of the company’s stock valued at $111,000 after purchasing an additional 235 shares during the last quarter. Institutional investors own 99.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on BC shares. Citigroup raised their price target on shares of Brunswick from $92.00 to $101.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Northcoast Research upgraded Brunswick from a “neutral” rating to a “buy” rating and set a $100.00 target price on the stock in a research report on Monday, July 29th. Roth Mkm reissued a “buy” rating and issued a $94.00 price target on shares of Brunswick in a research note on Thursday, July 25th. JPMorgan Chase & Co. cut their price objective on shares of Brunswick from $78.00 to $75.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. Finally, 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. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.23.

Brunswick Stock Performance

Shares of BC opened at $80.88 on Friday. Brunswick Co. has a 12-month low of $69.05 and a 12-month high of $99.68. The stock has a market capitalization of $5.34 billion, a P/E ratio of 20.12 and a beta of 1.51. The firm’s 50 day moving average is $81.32 and its 200-day moving average is $78.85. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 20th will be given a dividend of $0.42 per share. The ex-dividend date is Wednesday, November 20th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.08%. Brunswick’s dividend payout ratio (DPR) is presently 41.79%.

Insider Transactions at Brunswick

In other news, CEO David M. Foulkes sold 23,829 shares of Brunswick stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $80.22, for a total value of $1,911,562.38. Following the transaction, the chief executive officer now directly owns 251,094 shares of the company’s stock, valued at $20,142,760.68. This trade represents a 8.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Nancy E. Cooper sold 366 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $80.19, for a total transaction of $29,349.54. Following the sale, the director now owns 24,557 shares in the company, valued at $1,969,225.83. This represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,940 shares of company stock valued at $2,321,176 in the last three months. 0.81% of the stock is currently owned by corporate insiders.

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.