Van ECK Associates Corp Buys 15,475 Shares of Brunswick Co. (NYSE:BC)

Van ECK Associates Corp increased its holdings in Brunswick Co. (NYSE:BC - Free Report) by 17.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,693 shares of the company's stock after purchasing an additional 15,475 shares during the quarter. Van ECK Associates Corp owned 0.15% of Brunswick worth $7,908,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BC. Allspring Global Investments Holdings LLC boosted its position in Brunswick by 43,700.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 438 shares of the company's stock worth $42,000 after acquiring an additional 437 shares during the period. BNP Paribas Financial Markets grew its position in Brunswick by 265.3% during the first quarter. BNP Paribas Financial Markets now owns 19,980 shares of the company's stock valued at $1,928,000 after purchasing an additional 14,511 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in Brunswick by 45.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 9,174 shares of the company's stock worth $886,000 after buying an additional 2,852 shares in the last quarter. Texas Permanent School Fund Corp raised its holdings in shares of Brunswick by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 60,224 shares of the company's stock worth $5,813,000 after acquiring an additional 779 shares in the last quarter. Finally, Duality Advisers LP grew its stake in Brunswick by 193.8% in the first quarter. Duality Advisers LP now owns 24,704 shares of the company's stock valued at $2,384,000 after purchasing an additional 16,295 shares in the last quarter. 99.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BC has been the topic of a number of research reports. Robert W. Baird dropped their price objective on Brunswick from $95.00 to $93.00 and set an "outperform" rating on the stock in a report on Friday, July 26th. Northcoast Research upgraded Brunswick from a "neutral" rating to a "buy" rating and set a $100.00 target price for the company in a report on Monday, July 29th. Citigroup boosted their price objective on shares of Brunswick from $92.00 to $101.00 and gave the stock a "buy" rating in a research note on Friday, September 27th. Benchmark restated a "buy" rating and set a $100.00 price target on shares of Brunswick in a report on Friday, October 25th. Finally, Stifel Nicolaus decreased their target price on Brunswick from $97.00 to $95.00 and set a "buy" rating on the stock in a research report on Friday, July 12th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $89.23.

Insider Transactions at Brunswick

In related news, CEO David M. Foulkes sold 23,829 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 251,094 shares in the company, valued at approximately $20,142,760.68. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Joseph W. Mcclanathan sold 4,745 shares of the company's stock in a transaction that occurred on 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 in the company, valued at $1,540,130.52. This represents a 0.00 % decrease in their position. The sale 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 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 directly owns 251,094 shares of the company's stock, valued at $20,142,760.68. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 28,940 shares of company stock worth $2,321,176 over the last 90 days. 0.81% of the stock is owned by insiders.

Brunswick Price Performance

NYSE BC traded down $2.20 during trading hours on Thursday, reaching $83.75. 245,845 shares of the company's stock were exchanged, compared to its average volume of 710,587. The firm has a fifty day moving average of $80.82 and a 200-day moving average of $78.87. The company has a current ratio of 1.97, a quick ratio of 0.74 and a debt-to-equity ratio of 1.17. Brunswick Co. has a one year low of $69.05 and a one year high of $99.68. The stock has a market cap of $5.53 billion, a PE ratio of 21.38 and a beta of 1.51.

Brunswick Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 20th will be given a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $1.68 dividend on an annualized basis and a yield of 2.01%. Brunswick's payout ratio is 41.79%.

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.