Brunswick Co. (NYSE:BC) Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets boosted its position in Brunswick Co. (NYSE:BC) by 134.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,713 shares of the company’s stock after acquiring an additional 3,850 shares during the quarter. BNP Paribas Financial Markets’ holdings in Brunswick were worth $563,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BC. SG Americas Securities LLC purchased a new position in Brunswick in the 2nd quarter worth approximately $676,000. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Brunswick by 36.0% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,952 shares of the company’s stock worth $288,000 after acquiring an additional 1,047 shares in the last quarter. Blue Trust Inc. acquired a new position in shares of Brunswick in the second quarter worth about $129,000. Fifth Third Bancorp grew its position in shares of Brunswick by 47.0% during the second quarter. Fifth Third Bancorp now owns 1,511 shares of the company’s stock worth $110,000 after buying an additional 483 shares in the last quarter. Finally, Lecap Asset Management Ltd. acquired a new position in Brunswick in the second quarter worth about $456,000. Institutional investors and hedge funds own 99.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on BC. Citigroup lifted 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. B. Riley cut shares of Brunswick from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $95.00 to $88.00 in a report on Tuesday, November 26th. Finally, Benchmark reiterated a “buy” rating and set a $100.00 price objective on shares of Brunswick in a research note on Friday, October 25th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $88.54.

Insider Activity at Brunswick

In other Brunswick news, Director Joseph W. Mcclanathan sold 4,745 shares of the stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $80.14, for a total transaction of $380,264.30. Following the sale, the director now owns 19,218 shares of the company’s stock, valued at $1,540,130.52. This represents a 19.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David M. Foulkes sold 23,829 shares of the firm’s stock in a transaction dated 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 sale, 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 disclosure for this sale can be found here. Insiders have sold a total of 28,940 shares of company stock valued at $2,321,176 in the last 90 days. 0.81% of the stock is owned by corporate insiders.

Brunswick Stock Performance

NYSE BC opened at $73.59 on Friday. Brunswick Co. has a 52-week low of $69.05 and a 52-week high of $99.68. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.97 and a quick ratio of 0.74. The firm has a market capitalization of $4.86 billion, a price-to-earnings ratio of 18.31 and a beta of 1.50. The company’s fifty day moving average is $80.67 and its two-hundred day moving average is $78.49.

Brunswick Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 20th were given a dividend of $0.42 per share. The ex-dividend date was Wednesday, November 20th. This represents a $1.68 annualized dividend and a dividend yield of 2.28%. Brunswick’s dividend payout ratio (DPR) is currently 41.79%.

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.