Barclays PLC Buys 52,024 Shares of Brunswick Co. (NYSE:BC)

Barclays PLC raised its position in Brunswick Co. (NYSE:BC - Free Report) by 78.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 118,189 shares of the company's stock after purchasing an additional 52,024 shares during the period. Barclays PLC owned approximately 0.18% of Brunswick worth $9,907,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of BC. V Square Quantitative Management LLC bought a new position in shares of Brunswick during the 3rd quarter valued at about $26,000. Avior Wealth Management LLC boosted its holdings in shares of Brunswick by 1,073.7% in the third quarter. Avior Wealth Management LLC now owns 669 shares of the company's stock valued at $56,000 after buying an additional 612 shares during the period. Covestor Ltd increased its position in shares of Brunswick by 669.0% during the third quarter. Covestor Ltd now owns 969 shares of the company's stock worth $81,000 after acquiring an additional 843 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Brunswick by 92.5% during the third quarter. GAMMA Investing LLC now owns 1,155 shares of the company's stock worth $97,000 after acquiring an additional 555 shares during the period. Finally, Fifth Third Bancorp raised its holdings in shares of Brunswick by 47.0% during the second quarter. Fifth Third Bancorp now owns 1,511 shares of the company's stock worth $110,000 after acquiring an additional 483 shares during the period. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Brunswick Stock Performance

NYSE BC traded down $0.99 on Tuesday, hitting $71.42. 876,473 shares of the stock were exchanged, compared to its average volume of 690,375. The company has a market capitalization of $4.71 billion, a PE ratio of 17.77 and a beta of 1.50. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.97 and a quick ratio of 0.74. The business's fifty day moving average is $80.50 and its 200 day moving average is $78.44. Brunswick Co. has a 52 week low of $69.05 and a 52 week high of $99.68.

Brunswick Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 20th were issued a $0.42 dividend. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.35%. Brunswick's payout ratio is 41.79%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BC. B. Riley lowered shares of Brunswick from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $95.00 to $88.00 in a research note on Tuesday, November 26th. 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 Brunswick from $92.00 to $101.00 and gave the company a "buy" rating in a research note on Friday, September 27th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Brunswick currently has a consensus rating of "Moderate Buy" and a consensus target price of $88.54.

Insider Activity at Brunswick

In other news, CEO David M. Foulkes sold 23,829 shares of the business'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 completion of the sale, the chief executive officer now owns 251,094 shares in the company, valued at $20,142,760.68. The trade was a 8.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Joseph W. Mcclanathan sold 4,745 shares of Brunswick stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $80.14, for a total value of $380,264.30. Following the sale, the director now directly owns 19,218 shares of the company's stock, valued at approximately $1,540,130.52. The trade was a 19.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,940 shares of company stock worth $2,321,176. 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.