Brunswick Co. (NYSE:BC) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. decreased its stake in shares of Brunswick Co. (NYSE:BC - Free Report) by 8.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 92,874 shares of the company's stock after selling 8,093 shares during the period. Crossmark Global Holdings Inc. owned about 0.14% of Brunswick worth $6,007,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC boosted its stake in shares of Brunswick by 0.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 26,731 shares of the company's stock worth $2,241,000 after buying an additional 145 shares during the last quarter. Inspire Investing LLC boosted its position in Brunswick by 2.8% in the third quarter. Inspire Investing LLC now owns 5,545 shares of the company's stock worth $465,000 after purchasing an additional 153 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Brunswick by 3.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,647 shares of the company's stock valued at $390,000 after purchasing an additional 174 shares during the period. CWM LLC increased its position in shares of Brunswick by 21.6% during the 3rd quarter. CWM LLC now owns 1,323 shares of the company's stock valued at $111,000 after purchasing an additional 235 shares during the last quarter. Finally, US Bancorp DE lifted its stake in shares of Brunswick by 3.0% in the 3rd quarter. US Bancorp DE now owns 8,214 shares of the company's stock worth $689,000 after purchasing an additional 241 shares during the period. Hedge funds and other institutional investors own 99.34% of the company's stock.

Insider Activity at Brunswick

In other Brunswick news, Director Joseph W. Mcclanathan sold 4,745 shares of the firm's 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 sale, the director now owns 19,218 shares of the company's stock, valued at $1,540,130.52. This trade represents a 19.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David M. Foulkes sold 23,829 shares of the company's stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $80.22, for a total value of $1,911,562.38. Following the transaction, the chief executive officer now directly owns 251,094 shares in the company, valued at approximately $20,142,760.68. This represents a 8.67 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,940 shares of company stock valued at $2,321,176. Insiders own 0.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on BC shares. Morgan Stanley reduced their target price on shares of Brunswick from $78.00 to $64.00 and set an "equal weight" rating for the company in a report on Tuesday. DA Davidson decreased their target price on Brunswick from $80.00 to $60.00 and set a "neutral" rating on the stock in a report on Wednesday. Benchmark reissued a "buy" rating and set a $100.00 price target on shares of Brunswick in a report on Friday, October 25th. B. Riley downgraded Brunswick from a "buy" rating to a "neutral" rating and cut their price objective for the company from $95.00 to $88.00 in a research note on Tuesday, November 26th. Finally, Citigroup raised their target price 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. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $84.46.

Brunswick Price Performance

Brunswick stock traded down $1.70 during mid-day trading on Wednesday, reaching $67.55. 692,062 shares of the company's stock traded hands, compared to its average volume of 600,389. Brunswick Co. has a 12-month low of $62.64 and a 12-month high of $96.65. The company has a market cap of $4.46 billion, a price-to-earnings ratio of 16.80 and a beta of 1.54. The stock has a 50 day moving average of $72.29 and a two-hundred day moving average of $76.91. The company has a quick ratio of 0.74, a current ratio of 1.97 and a debt-to-equity ratio of 1.17.

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.