Oak Thistle LLC Makes New Investment in Brunswick Co. (NYSE:BC)

Oak Thistle LLC purchased a new position in Brunswick Co. (NYSE:BC - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,696 shares of the company's stock, valued at approximately $368,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BC. Massachusetts Financial Services Co. MA increased its holdings in shares of Brunswick by 17.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,090,078 shares of the company's stock worth $259,010,000 after buying an additional 452,116 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Brunswick by 7.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,096,808 shares of the company's stock worth $152,577,000 after acquiring an additional 144,416 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Brunswick by 7.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,487,773 shares of the company's stock worth $124,705,000 after purchasing an additional 102,780 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Brunswick by 13.5% in the 3rd quarter. Victory Capital Management Inc. now owns 1,414,490 shares of the company's stock valued at $118,563,000 after purchasing an additional 168,384 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Brunswick by 2.7% during the 3rd quarter. Principal Financial Group Inc. now owns 1,075,845 shares of the company's stock worth $90,171,000 after purchasing an additional 28,781 shares during the period. Hedge funds and other institutional investors own 99.34% of the company's stock.

Wall Street Analyst Weigh In

BC has been the topic of several research reports. Benchmark restated a "buy" rating and issued a $100.00 price target on shares of Brunswick in a report on Friday, October 25th. B. Riley downgraded shares of Brunswick from a "buy" rating to a "neutral" rating and cut their target price for the company from $95.00 to $88.00 in a research note on Tuesday, November 26th. Citigroup lifted their target price on shares of Brunswick from $92.00 to $101.00 and gave the company a "buy" rating in a report on Friday, September 27th. Truist Financial cut their price objective on Brunswick from $90.00 to $85.00 and set a "buy" rating on the stock in a research report on Tuesday, January 7th. Finally, Stifel Nicolaus decreased their target price on Brunswick from $95.00 to $86.00 and set a "buy" rating for the company in a research report on Wednesday. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $87.46.

Insider Buying and Selling

In related news, Director Nancy E. Cooper sold 366 shares of the company'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 sale, the director now directly owns 24,557 shares of the company's stock, valued at approximately $1,969,225.83. This represents a 1.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO David M. Foulkes sold 23,829 shares of the firm's stock in a transaction on Thursday, October 31st. The stock was 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 owns 251,094 shares in the company, valued at $20,142,760.68. This trade represents a 8.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,940 shares of company stock worth $2,321,176. Insiders own 0.81% of the company's stock.

Brunswick Stock Down 0.1 %

BC stock traded down $0.05 during midday trading on Friday, hitting $67.54. 731,337 shares of the company's stock were exchanged, compared to its average volume of 596,903. The stock has a market capitalization of $4.46 billion, a price-to-earnings ratio of 16.80 and a beta of 1.54. The company has a current ratio of 1.97, a quick ratio of 0.74 and a debt-to-equity ratio of 1.17. The firm has a 50 day moving average price of $73.15 and a 200-day moving average price of $76.85. Brunswick Co. has a 12-month low of $62.64 and a 12-month high of $96.65.

Brunswick Company 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.