Brunswick Co. (NYSE:BC) Shares Bought by Holocene Advisors LP

Holocene Advisors LP boosted its stake in Brunswick Co. (NYSE:BC - Free Report) by 129.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 280,531 shares of the company's stock after purchasing an additional 158,493 shares during the quarter. Holocene Advisors LP owned about 0.43% of Brunswick worth $23,514,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Nisa Investment Advisors LLC lifted its position in Brunswick by 0.5% during the third quarter. Nisa Investment Advisors LLC now owns 26,731 shares of the company's stock valued at $2,241,000 after buying an additional 145 shares in the last quarter. Inspire Investing LLC lifted its position in Brunswick by 2.8% during the third quarter. Inspire Investing LLC now owns 5,545 shares of the company's stock valued at $465,000 after buying an additional 153 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Brunswick by 3.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,647 shares of the company's stock worth $390,000 after purchasing an additional 174 shares in the last quarter. Comerica Bank lifted its position in shares of Brunswick by 0.6% during the first quarter. Comerica Bank now owns 35,548 shares of the company's stock worth $3,431,000 after purchasing an additional 205 shares in the last quarter. Finally, CWM LLC lifted its position in shares of Brunswick by 21.6% during 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 hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on BC shares. Citigroup boosted their target price on shares of Brunswick from $92.00 to $101.00 and gave the stock a "buy" rating in a research report on Friday, September 27th. Benchmark reissued a "buy" rating and set a $100.00 target price on shares of Brunswick in a research report on Friday, October 25th. Finally, B. Riley cut shares of Brunswick from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $95.00 to $88.00 in a research report on Tuesday, November 26th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $88.54.

Brunswick Stock Performance

BC stock traded down $0.64 during trading on Tuesday, hitting $79.27. 475,205 shares of the company's stock traded hands, compared to its average volume of 692,578. 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 Co. has a 52 week low of $69.05 and a 52 week high of $99.68. The stock has a fifty day moving average price of $81.71 and a two-hundred day moving average price of $78.69. The stock has a market capitalization of $5.23 billion, a price-to-earnings ratio of 19.88 and a beta of 1.50.

Brunswick Dividend Announcement

The firm 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. The ex-dividend date is Wednesday, November 20th. This represents a $1.68 annualized dividend and a yield of 2.12%. Brunswick's payout ratio is 41.79%.

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 transaction, the chief executive officer now owns 251,094 shares in the company, valued at approximately $20,142,760.68. This represents a 8.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Nancy E. Cooper sold 366 shares of the company's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $80.19, for a total transaction of $29,349.54. Following the transaction, the director now owns 24,557 shares of the company's stock, valued at $1,969,225.83. This represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,940 shares of company stock worth $2,321,176 over the last 90 days. 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.