Grandfield & Dodd LLC Sells 1,100 Shares of Brunswick Co. (NYSE:BC)

Grandfield & Dodd LLC lessened its position in shares of Brunswick Co. (NYSE:BC) by 7.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,405 shares of the company’s stock after selling 1,100 shares during the period. Grandfield & Dodd LLC’s holdings in Brunswick were worth $1,124,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. V Square Quantitative Management LLC bought a new position in shares of Brunswick in the 3rd quarter worth about $26,000. Allspring Global Investments Holdings LLC grew its position in shares of Brunswick by 43,700.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 438 shares of the company’s stock worth $42,000 after buying an additional 437 shares during the period. Avior Wealth Management LLC grew its position in shares of 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 buying an additional 612 shares during the period. Covestor Ltd increased its stake in shares of Brunswick by 669.0% in the 3rd quarter. Covestor Ltd now owns 969 shares of the company’s stock valued at $81,000 after acquiring an additional 843 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Brunswick by 92.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,155 shares of the company’s stock valued at $97,000 after acquiring an additional 555 shares during the period. Institutional investors and hedge funds own 99.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on BC shares. Northcoast Research upgraded shares of Brunswick from a “neutral” rating to a “buy” rating and set a $100.00 price target for the company in a report on Monday, July 29th. Citigroup raised their target price on Brunswick from $92.00 to $101.00 and gave the company a “buy” rating in a research note on Friday, September 27th. JPMorgan Chase & Co. dropped their price target on Brunswick from $78.00 to $75.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. Jefferies Financial Group reissued a “hold” rating and issued a $70.00 price objective (down previously from $115.00) on shares of Brunswick in a research note on Friday, July 26th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $94.00 target price on shares of Brunswick in a research report on Thursday, July 25th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Brunswick has an average rating of “Moderate Buy” and an average price target of $89.23.

Brunswick Price Performance

Shares of NYSE:BC opened at $79.55 on Wednesday. Brunswick Co. has a 1-year low of $69.05 and a 1-year high of $99.68. The company has a current ratio of 1.97, a quick ratio of 0.74 and a debt-to-equity ratio of 1.17. The stock has a market cap of $5.25 billion, a PE ratio of 19.79 and a beta of 1.51. The stock’s fifty day simple moving average is $81.59 and its two-hundred day simple moving average is $78.79.

Brunswick Dividend Announcement

The company 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 dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.11%. The ex-dividend date is Wednesday, November 20th. Brunswick’s dividend payout ratio (DPR) is presently 41.79%.

Insider Buying and Selling

In related news, Director Nancy E. Cooper sold 366 shares of Brunswick 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 sale, the director now directly owns 24,557 shares in the company, valued at approximately $1,969,225.83. This trade represents a 1.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO David M. Foulkes sold 23,829 shares of the company’s stock in a transaction 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 completion of the transaction, the chief executive officer now owns 251,094 shares of the company’s stock, valued at $20,142,760.68. This trade represents a 8.67 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,940 shares of company stock worth $2,321,176. 0.81% of the stock is owned by insiders.

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.