Empowered Funds LLC Has $822,000 Stock Position in Brunswick Co. (NYSE:BC)

Empowered Funds LLC lowered its stake in shares of Brunswick Co. (NYSE:BC - Free Report) by 71.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,809 shares of the company's stock after selling 24,354 shares during the quarter. Empowered Funds LLC's holdings in Brunswick were worth $822,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of BC. V Square Quantitative Management LLC bought a new stake in shares of Brunswick during the third quarter valued at approximately $26,000. Covestor Ltd raised its stake in shares of Brunswick by 669.0% in 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 lifted its holdings in shares of Brunswick by 92.5% during the 3rd 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. Fifth Third Bancorp increased its stake in Brunswick by 47.0% in the second quarter. Fifth Third Bancorp now owns 1,511 shares of the company's stock valued at $110,000 after acquiring an additional 483 shares during the period. Finally, CWM LLC raised its position in Brunswick by 21.6% in the third quarter. CWM LLC now owns 1,323 shares of the company's stock worth $111,000 after purchasing an additional 235 shares in the last quarter. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Brunswick Price Performance

Shares of NYSE BC traded up $1.24 during trading on Friday, reaching $82.37. The company had a trading volume of 542,354 shares, compared to its average volume of 507,071. Brunswick Co. has a 52 week low of $69.05 and a 52 week high of $99.68. The business's 50 day moving average price is $81.81 and its 200-day moving average price is $78.77. The stock has a market cap of $5.44 billion, a PE ratio of 20.49 and a beta of 1.51. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.74 and a current ratio of 1.97.

Brunswick Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 20th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.04%. The ex-dividend date is Wednesday, November 20th. Brunswick's dividend payout ratio is 41.79%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on BC shares. Citigroup upped their price objective on Brunswick from $92.00 to $101.00 and gave the company a "buy" rating in a research note on Friday, September 27th. Benchmark reiterated a "buy" rating and issued a $100.00 price target on shares of Brunswick in a research report on Friday, October 25th. Finally, Northcoast Research raised Brunswick from a "neutral" rating to a "buy" rating and set a $100.00 price objective for the company in a report on Monday, July 29th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Brunswick has a consensus rating of "Moderate Buy" and an average target price of $89.23.

Insider Buying and Selling at Brunswick

In other Brunswick news, CEO David M. Foulkes sold 23,829 shares of the firm'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 of the company's stock, valued at approximately $20,142,760.68. This trade represents a 8.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Nancy E. Cooper sold 366 shares of the company's stock in a transaction on Friday, November 1st. The shares were sold at an average price of $80.19, for a total transaction of $29,349.54. Following the sale, the director now owns 24,557 shares of the company's stock, valued at $1,969,225.83. The trade was a 1.47 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,940 shares of company stock worth $2,321,176. Insiders own 0.81% of the company's stock.

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.