Brunswick Co. (NYSE:BC) Director Sells $29,349.54 in Stock

Brunswick Co. (NYSE:BC - Get Free Report) Director Nancy E. Cooper sold 366 shares of the firm'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 transaction, the director now directly owns 24,557 shares of the company's stock, valued at $1,969,225.83. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Brunswick Stock Up 1.4 %

NYSE:BC traded up $1.15 during trading hours on Friday, reaching $80.89. The company had a trading volume of 582,733 shares, compared to its average volume of 713,793. 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 firm has a market cap of $5.36 billion, a price-to-earnings ratio of 20.12 and a beta of 1.51. The business's 50-day simple moving average is $80.70 and its two-hundred day simple moving average is $78.92. Brunswick Co. has a twelve month low of $69.05 and a twelve month high of $99.68.

Brunswick Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 20th will be issued a $0.42 dividend. 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 payout ratio is 41.79%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on BC shares. Northcoast Research raised shares of Brunswick from a "neutral" rating to a "buy" rating and set a $100.00 price target for the company in a research note on Monday, July 29th. Robert W. Baird dropped their price target on shares of Brunswick from $95.00 to $93.00 and set an "outperform" rating for the company in a research note on Friday, July 26th. Citigroup raised their price target on shares of Brunswick from $92.00 to $101.00 and gave the company a "buy" rating in a research note on Friday, September 27th. Jefferies Financial Group reissued a "hold" rating and set a $70.00 target price (down previously from $115.00) on shares of Brunswick in a research note on Friday, July 26th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Brunswick from $78.00 to $75.00 and set a "neutral" rating for the company in a research note on Wednesday, July 24th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $89.23.

Institutional Investors Weigh In On Brunswick

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Brunswick by 2.3% during the first quarter. Vanguard Group Inc. now owns 7,266,170 shares of the company's stock valued at $701,331,000 after buying an additional 160,531 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Brunswick by 2.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,637,962 shares of the company's stock valued at $191,964,000 after buying an additional 58,583 shares during the last quarter. Baillie Gifford & Co. grew its holdings in shares of Brunswick by 88.0% during the second quarter. Baillie Gifford & Co. now owns 2,430,983 shares of the company's stock valued at $176,903,000 after buying an additional 1,137,568 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Brunswick by 7.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,096,808 shares of the company's stock valued at $152,577,000 after buying an additional 144,416 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Brunswick by 4.1% during the second quarter. American Century Companies Inc. now owns 1,461,268 shares of the company's stock valued at $106,337,000 after buying an additional 57,605 shares during the last quarter. 99.34% of the stock is currently owned by institutional investors and hedge funds.

About Brunswick

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.