Castleark Management LLC Acquires New Holdings in Brunswick Co. (NYSE:BC)

Castleark Management LLC bought a new position in Brunswick Co. (NYSE:BC - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 44,660 shares of the company's stock, valued at approximately $3,743,000. Castleark Management LLC owned about 0.07% of Brunswick as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. QRG Capital Management Inc. lifted its position in shares of Brunswick by 12.3% during the 2nd quarter. QRG Capital Management Inc. now owns 13,341 shares of the company's stock worth $971,000 after purchasing an additional 1,456 shares during the last quarter. SG Americas Securities LLC bought a new stake in Brunswick in the 2nd quarter valued at $676,000. Gateway Investment Advisers LLC acquired a new stake in Brunswick in the 2nd quarter worth $380,000. M&G Plc raised its position in shares of 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 last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in shares of Brunswick by 36.0% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,952 shares of the company's stock valued at $288,000 after buying an additional 1,047 shares during the period. Institutional investors own 99.34% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on BC shares. Citigroup boosted their price target on Brunswick from $92.00 to $101.00 and gave the company a "buy" rating in a research note on Friday, September 27th. Benchmark restated a "buy" rating and issued a $100.00 target price on shares of Brunswick in a research note on Friday, October 25th. Finally, B. Riley downgraded shares of Brunswick from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $95.00 to $88.00 in a research note on Tuesday, November 26th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Brunswick presently has a consensus rating of "Moderate Buy" and a consensus price target of $88.54.

Brunswick Price Performance

Shares of NYSE:BC traded down $0.83 during midday trading on Friday, reaching $76.81. The company's stock had a trading volume of 593,309 shares, compared to its average volume of 440,355. The business's fifty day simple moving average is $81.34 and its 200-day simple moving average is $78.62. The company has a market capitalization of $5.07 billion, a P/E ratio of 19.11 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. Brunswick Co. has a fifty-two week low of $69.05 and a fifty-two week high of $99.68.

Brunswick Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 20th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date is Wednesday, November 20th. Brunswick's dividend payout ratio is presently 41.79%.

Insider Activity

In other news, Director Nancy E. Cooper sold 366 shares of the firm'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 owns 24,557 shares of the company's stock, valued at approximately $1,969,225.83. This trade represents a 1.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joseph W. Mcclanathan sold 4,745 shares of the firm's stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $80.14, for a total transaction of $380,264.30. Following the completion of the transaction, the director now directly owns 19,218 shares in the company, 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. Insiders have sold 28,940 shares of company stock valued at $2,321,176 over the last three months. 0.81% of the stock is owned by insiders.

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.