Natixis Advisors LLC Purchases 1,652 Shares of Brunswick Co. (NYSE:BC)

Natixis Advisors LLC lifted its position in Brunswick Co. (NYSE:BC) by 10.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,849 shares of the company’s stock after acquiring an additional 1,652 shares during the period. Natixis Advisors LLC’s holdings in Brunswick were worth $1,412,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in BC. Baillie Gifford & Co. grew its stake in shares of Brunswick by 88.0% in the second quarter. Baillie Gifford & Co. now owns 2,430,983 shares of the company’s stock worth $176,903,000 after acquiring an additional 1,137,568 shares during the last quarter. New York State Common Retirement Fund boosted its stake in Brunswick by 447.5% in the 3rd quarter. New York State Common Retirement Fund now owns 271,681 shares of the company’s stock worth $22,772,000 after purchasing an additional 222,062 shares in the last quarter. Swedbank AB purchased a new stake in Brunswick during the 1st quarter valued at about $19,304,000. Deroy & Devereaux Private Investment Counsel Inc. bought a new stake in Brunswick during the 3rd quarter valued at about $15,907,000. Finally, Victory Capital Management Inc. raised its holdings in Brunswick by 13.5% in the third quarter. Victory Capital Management Inc. now owns 1,414,490 shares of the company’s stock worth $118,563,000 after buying an additional 168,384 shares during the last quarter. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BC. Benchmark reaffirmed a “buy” rating and set a $100.00 price target on shares of Brunswick in a report on Friday, October 25th. Citigroup raised their price target on shares of Brunswick from $92.00 to $101.00 and gave the company a “buy” rating in a report on Friday, September 27th. Finally, B. Riley lowered shares of Brunswick from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $95.00 to $88.00 in a research note on Tuesday. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $88.54.

Brunswick Stock Down 5.9 %

Shares of BC opened at $80.74 on Wednesday. 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 firm has a market cap of $5.33 billion, a P/E ratio of 20.03 and a beta of 1.51. The company’s 50-day moving average price is $81.92 and its 200 day moving average price is $78.78. Brunswick Co. has a 12-month low of $69.05 and a 12-month high of $99.68.

Brunswick Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 20th will be issued 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 yield of 2.08%. Brunswick’s dividend payout ratio (DPR) is presently 41.79%.

Insider Buying and Selling at Brunswick

In other news, Director Nancy E. Cooper sold 366 shares of the firm’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 transaction, 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 is accessible through this link. Also, Director Joseph W. Mcclanathan sold 4,745 shares of the stock in a transaction dated Friday, October 25th. The stock was 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 trade represents a 19.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,940 shares of company stock valued at $2,321,176 in the last 90 days. Company insiders own 0.81% of the company’s stock.

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.