Amalgamated Bank Trims Stock Holdings in Brunswick Co. (NYSE:BC)

Amalgamated Bank decreased its position in shares of Brunswick Co. (NYSE:BC - Free Report) by 25.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,677 shares of the company's stock after selling 10,731 shares during the period. Amalgamated Bank's holdings in Brunswick were worth $2,655,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. M&G Plc raised its position in Brunswick by 15.1% in the 2nd quarter. M&G Plc now owns 55,218 shares of the company's stock valued at $4,031,000 after purchasing an additional 7,261 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Brunswick by 11.4% during the first quarter. Russell Investments Group Ltd. now owns 82,356 shares of the company's stock worth $7,942,000 after purchasing an additional 8,456 shares during the last quarter. Vanguard Group Inc. lifted its stake in Brunswick by 2.3% during the first quarter. Vanguard Group Inc. now owns 7,266,170 shares of the company's stock worth $701,331,000 after purchasing an additional 160,531 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in Brunswick by 292.5% during the second quarter. Harbor Capital Advisors Inc. now owns 9,224 shares of the company's stock worth $671,000 after purchasing an additional 6,874 shares during the last quarter. Finally, Swedbank AB purchased a new stake in Brunswick during the first quarter worth approximately $19,304,000. Institutional investors and hedge funds own 99.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Citigroup boosted their target price on Brunswick from $92.00 to $101.00 and gave the stock a "buy" rating in a research note on Friday, September 27th. JPMorgan Chase & Co. decreased their target price on Brunswick from $78.00 to $75.00 and set a "neutral" rating for the company in a research note on Wednesday, July 24th. Northcoast Research upgraded Brunswick from a "neutral" rating to a "buy" rating and set a $100.00 target price for the company in a research note on Monday, July 29th. Benchmark reaffirmed a "buy" rating and set a $100.00 price target on shares of Brunswick in a research report on Friday, October 25th. Finally, Jefferies Financial Group reaffirmed a "hold" rating and set a $70.00 price target (down previously from $115.00) on shares of Brunswick in a research report on Friday, July 26th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $89.23.

Brunswick Price Performance

BC stock traded down $0.58 on Monday, reaching $83.27. 472,622 shares of the company's stock were exchanged, compared to its average volume of 708,781. The stock has a fifty day moving average of $81.09 and a 200-day moving average of $78.82. Brunswick Co. has a twelve month low of $69.05 and a twelve month high of $99.68. The firm has a market cap of $5.49 billion, a PE ratio of 20.71 and a beta of 1.51. The company has a quick ratio of 0.74, a current ratio of 1.97 and a debt-to-equity ratio of 1.17.

Brunswick Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend is Wednesday, November 20th. Brunswick's dividend payout ratio is presently 41.79%.

Insiders Place Their Bets

In other Brunswick news, CEO David M. Foulkes sold 23,829 shares of the business's stock in a transaction 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 directly owns 251,094 shares in the company, valued at approximately $20,142,760.68. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO David M. Foulkes sold 23,829 shares of the company's stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $80.22, for a total value of $1,911,562.38. Following the sale, the chief executive officer now directly owns 251,094 shares in the company, valued at $20,142,760.68. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Nancy E. Cooper sold 366 shares of the company's stock in a transaction on Friday, November 1st. The shares were sold at an average price of $80.19, for a total value of $29,349.54. Following the completion of the sale, the director now owns 24,557 shares in the company, valued at $1,969,225.83. This represents a 0.00 % decrease in their ownership of the stock. 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 corporate insiders.

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.