Janney Montgomery Scott LLC Raises Stock Position in Brunswick Co. (NYSE:BC)

Janney Montgomery Scott LLC boosted its stake in Brunswick Co. (NYSE:BC) by 7.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,110 shares of the company’s stock after acquiring an additional 711 shares during the period. Janney Montgomery Scott LLC’s holdings in Brunswick were worth $847,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of 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 acquiring an additional 160,531 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Brunswick by 2.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,637,962 shares of the company’s stock valued at $191,964,000 after purchasing an additional 58,583 shares during the last quarter. Baillie Gifford & Co. raised its stake 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 worth $176,903,000 after purchasing an additional 1,137,568 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Brunswick by 7.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,096,808 shares of the company’s stock valued at $152,577,000 after buying an additional 144,416 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake 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 period. Institutional investors and hedge funds own 99.34% of the company’s stock.

Analyst Upgrades and Downgrades

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

Brunswick Stock Down 0.8 %

BC stock opened at $80.20 on Friday. Brunswick Co. has a one year low of $69.05 and a one year high of $99.68. The stock has a market capitalization of $5.29 billion, a P/E ratio of 19.95 and a beta of 1.51. The company has a 50 day moving average price of $81.41 and a two-hundred day moving average price of $78.82. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.74 and a current ratio of 1.97.

Brunswick Announces Dividend

The firm 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. This represents a $1.68 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend is Wednesday, November 20th. Brunswick’s dividend payout ratio (DPR) is 41.79%.

Insider Activity

In other news, Director Nancy E. Cooper sold 366 shares of Brunswick stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $80.19, for a total value of $29,349.54. Following the transaction, the director now directly owns 24,557 shares of the company’s stock, valued at $1,969,225.83. The trade was a 1.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO David M. Foulkes sold 23,829 shares of the firm’s stock in a transaction that occurred 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 in the company, 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 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 currently owned by insiders.

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.