De Lisle Partners LLP Makes New Investment in Brunswick Co. (NYSE:BC)

De Lisle Partners LLP acquired a new position in Brunswick Co. (NYSE:BC - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm acquired 40,900 shares of the company's stock, valued at approximately $3,428,000. De Lisle Partners LLP owned about 0.06% of Brunswick as of its most recent filing with the SEC.

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

Insider Buying and Selling at Brunswick

In other news, CEO David M. Foulkes sold 23,829 shares of the company's stock in a transaction dated 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 sale, the chief executive officer now owns 251,094 shares of the company's stock, valued at $20,142,760.68. This represents a 8.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Nancy E. Cooper sold 366 shares of the firm's stock in a transaction that occurred on Friday, November 1st. The stock was 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 directly owns 24,557 shares in the company, valued at approximately $1,969,225.83. The trade was a 1.47 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,940 shares of company stock valued at $2,321,176. 0.81% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Citigroup raised their price target on Brunswick from $92.00 to $101.00 and gave the company a "buy" rating in a report on Friday, September 27th. Benchmark restated a "buy" rating and set a $100.00 price objective 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 dropped their target price for the stock from $95.00 to $88.00 in a research note on Tuesday. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $88.54.

Brunswick Stock Performance

NYSE:BC traded down $0.12 during trading hours on Thursday, reaching $80.62. The company had a trading volume of 373,705 shares, compared to its average volume of 696,877. The firm's 50 day moving average price is $81.87 and its 200-day moving average price is $78.77. The firm has a market cap of $5.32 billion, a price-to-earnings ratio of 20.05 and a beta of 1.51. 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 52 week low of $69.05 and a 52 week high of $99.68.

Brunswick Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 20th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 2.08%. 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.