Chartwell Investment Partners LLC Buys Shares of 20,090 Brunswick Co. (NYSE:BC)

Chartwell Investment Partners LLC bought a new stake in shares of Brunswick Co. (NYSE:BC - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 20,090 shares of the company's stock, valued at approximately $1,684,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new position in Brunswick in the 3rd quarter worth $26,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Brunswick by 43,700.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 438 shares of the company's stock valued at $42,000 after purchasing an additional 437 shares during the period. J.Safra Asset Management Corp grew its position in Brunswick by 77.1% during the first quarter. J.Safra Asset Management Corp now owns 602 shares of the company's stock valued at $58,000 after buying an additional 262 shares during the period. Covestor Ltd increased its holdings in Brunswick by 669.0% in the third quarter. Covestor Ltd now owns 969 shares of the company's stock valued at $81,000 after buying an additional 843 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Brunswick by 92.5% in 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. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Nancy E. Cooper sold 366 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $80.19, for a total value of $29,349.54. Following the completion of the transaction, the director now directly owns 24,557 shares in the company, valued at approximately $1,969,225.83. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Brunswick news, Director Nancy E. Cooper sold 366 shares of the stock in a transaction dated 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 $1,969,225.83. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 transaction of $380,264.30. Following the sale, the director now owns 19,218 shares of the company's stock, valued at approximately $1,540,130.52. 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 valued at $2,321,176 in the last 90 days. Company insiders own 0.81% of the company's stock.

Wall Street Analyst Weigh In

BC has been the subject of several recent analyst reports. Benchmark restated a "buy" rating and issued a $100.00 price target on shares of Brunswick in a research note on Friday, October 25th. Northcoast Research raised shares of Brunswick from a "neutral" rating to a "buy" rating and set a $100.00 price target on the stock in a research note on Monday, July 29th. Roth Mkm restated a "buy" rating and set a $94.00 price objective on shares of Brunswick in a research report on Thursday, July 25th. Citigroup increased their price objective on shares of Brunswick from $92.00 to $101.00 and gave the company a "buy" rating in a report on Friday, September 27th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Brunswick from $78.00 to $75.00 and set a "neutral" rating for the company in a research report on Wednesday, July 24th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $89.23.

Brunswick Trading Up 1.6 %

Shares of BC traded up $1.25 during midday trading on Wednesday, reaching $81.66. The company had a trading volume of 266,315 shares, compared to its average volume of 705,620. The firm has a 50 day simple moving average of $81.23 and a 200-day simple moving average of $78.83. 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 stock has a market cap of $5.39 billion, a PE ratio of 20.31 and a beta of 1.51. 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 paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Wednesday, November 20th. Brunswick's dividend payout ratio (DPR) is presently 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.