Wealth Enhancement Advisory Services LLC Purchases 236 Shares of Brunswick Co. (NYSE:BC)

Wealth Enhancement Advisory Services LLC lifted its holdings in Brunswick Co. (NYSE:BC) by 5.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,883 shares of the company’s stock after acquiring an additional 236 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Brunswick were worth $316,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Nisa Investment Advisors LLC boosted its stake in Brunswick by 0.5% during the third quarter. Nisa Investment Advisors LLC now owns 26,731 shares of the company’s stock worth $2,241,000 after acquiring an additional 145 shares in the last quarter. Inspire Investing LLC raised its holdings in shares of Brunswick by 2.8% during the third quarter. Inspire Investing LLC now owns 5,545 shares of the company’s stock valued at $465,000 after purchasing an additional 153 shares during the period. CWM LLC boosted its position in shares of Brunswick by 21.6% during the 3rd quarter. CWM LLC now owns 1,323 shares of the company’s stock worth $111,000 after purchasing an additional 235 shares in the last quarter. US Bancorp DE grew its stake in shares of Brunswick by 3.0% in the 3rd quarter. US Bancorp DE now owns 8,214 shares of the company’s stock valued at $689,000 after buying an additional 241 shares during the period. Finally, State of Alaska Department of Revenue increased its position in Brunswick by 3.5% in the 3rd quarter. State of Alaska Department of Revenue now owns 7,691 shares of the company’s stock valued at $644,000 after buying an additional 260 shares in the last quarter. 99.34% of the stock is owned by institutional investors and hedge funds.

Brunswick Trading Down 0.1 %

NYSE:BC opened at $67.54 on Friday. Brunswick Co. has a 52 week low of $62.64 and a 52 week high of $96.65. The firm has a 50-day moving average price of $72.83 and a two-hundred day moving average price of $76.83. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.74 and a current ratio of 1.97. The firm has a market cap of $4.46 billion, a price-to-earnings ratio of 16.80 and a beta of 1.54.

Insider Activity at Brunswick

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

Analysts Set New Price Targets

Several research analysts have issued reports on BC shares. B. Riley cut Brunswick from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $95.00 to $88.00 in a research note on Tuesday, November 26th. Truist Financial reduced their price target on shares of Brunswick from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. Stifel Nicolaus lowered their price objective on shares of Brunswick from $95.00 to $86.00 and set a “buy” rating on the stock in a report on Wednesday. Benchmark reiterated a “buy” rating and set a $100.00 price objective on shares of Brunswick in a report on Friday, October 25th. Finally, Citigroup boosted their target price on shares of Brunswick from $92.00 to $101.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Brunswick currently has a consensus rating of “Moderate Buy” and an average target price of $87.46.

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.