QRG Capital Management Inc. Grows Stock Holdings in Brunswick Co. (NYSE:BC)

QRG Capital Management Inc. raised its stake in shares of Brunswick Co. (NYSE:BC - Free Report) by 45.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,409 shares of the company's stock after buying an additional 6,068 shares during the quarter. QRG Capital Management Inc.'s holdings in Brunswick were worth $1,627,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. M&G Plc boosted its stake in Brunswick by 15.1% during the second quarter. M&G Plc now owns 55,218 shares of the company's stock valued at $4,031,000 after buying an additional 7,261 shares during the period. Russell Investments Group Ltd. increased its position in shares of Brunswick by 11.4% in 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. raised its stake in Brunswick by 2.3% in the first quarter. Vanguard Group Inc. now owns 7,266,170 shares of the company's stock valued at $701,331,000 after purchasing an additional 160,531 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in Brunswick by 292.5% during the second quarter. Harbor Capital Advisors Inc. now owns 9,224 shares of the company's stock valued at $671,000 after purchasing an additional 6,874 shares during the last quarter. Finally, Swedbank AB purchased a new position in Brunswick in the 1st quarter worth approximately $19,304,000. 99.34% of the stock is currently owned by institutional investors.

Brunswick Trading Up 0.4 %

Shares of BC traded up $0.32 during mid-day trading on Friday, hitting $83.85. 355,392 shares of the company's stock traded hands, compared to its average volume of 709,870. The company has a quick ratio of 0.74, a current ratio of 1.97 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $5.53 billion, a P/E ratio of 20.77 and a beta of 1.51. The business's 50-day moving average price is $80.91 and its 200-day moving average price is $78.91. Brunswick Co. has a 1 year low of $69.05 and a 1 year high of $99.68.

Brunswick Dividend Announcement

The company 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 dividend yield of 2.00%. Brunswick's dividend payout ratio (DPR) is 41.79%.

Insider Activity at Brunswick

In other Brunswick 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 completion of the transaction, the director now owns 24,557 shares of the company's stock, valued at approximately $1,969,225.83. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Brunswick news, Director Joseph W. Mcclanathan sold 4,745 shares of Brunswick stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $80.14, for a total value of $380,264.30. Following the completion of the transaction, the director now directly owns 19,218 shares of the company's stock, valued at approximately $1,540,130.52. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Nancy E. Cooper sold 366 shares of the company's stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $80.19, for a total transaction of $29,349.54. Following the completion of the transaction, the director now owns 24,557 shares in the company, valued at approximately $1,969,225.83. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,940 shares of company stock worth $2,321,176 over the last ninety days. 0.81% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have weighed in on BC. Roth Mkm restated a "buy" rating and set a $94.00 price target on shares of Brunswick in a research report on Thursday, July 25th. Stifel Nicolaus cut their target price on Brunswick from $97.00 to $95.00 and set a "buy" rating for the company in a research note on Friday, July 12th. Benchmark reissued a "buy" rating and set a $100.00 price target on shares of Brunswick in a research note on Friday, October 25th. Robert W. Baird cut their price objective on shares of Brunswick from $95.00 to $93.00 and set an "outperform" rating for the company in a research note on Friday, July 26th. Finally, Jefferies Financial Group reaffirmed a "hold" rating and set a $70.00 target price (down previously from $115.00) on shares of Brunswick in a report on Friday, July 26th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Brunswick currently has an average rating of "Moderate Buy" and an average price target of $89.23.

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.