4,987 Shares in Brunswick Co. (NYSE:BC) Bought by Perpetual Ltd

Perpetual Ltd bought a new position in shares of Brunswick Co. (NYSE:BC - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,987 shares of the company's stock, valued at approximately $323,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA grew its holdings in Brunswick by 17.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,090,078 shares of the company's stock valued at $259,010,000 after purchasing an additional 452,116 shares during the period. JPMorgan Chase & Co. grew its holdings in Brunswick by 7.4% in the third quarter. JPMorgan Chase & Co. now owns 1,487,773 shares of the company's stock valued at $124,705,000 after purchasing an additional 102,780 shares during the period. Victory Capital Management Inc. grew its holdings in Brunswick by 13.5% in the third 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 during the period. Principal Financial Group Inc. boosted its stake in shares of Brunswick by 2.7% in the third quarter. Principal Financial Group Inc. now owns 1,075,845 shares of the company's stock worth $90,171,000 after acquiring an additional 28,781 shares during the last quarter. Finally, Copeland Capital Management LLC boosted its stake in shares of Brunswick by 11.9% in the third quarter. Copeland Capital Management LLC now owns 949,094 shares of the company's stock worth $79,553,000 after acquiring an additional 101,123 shares during the last quarter. 99.34% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO David M. Foulkes sold 23,829 shares of Brunswick 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 completion of the sale, the chief executive officer now directly owns 251,094 shares of the company's stock, valued at approximately $20,142,760.68. The trade was a 8.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Nancy E. Cooper sold 366 shares of the business's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $80.19, for a total value 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 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.81% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Citigroup lifted their price objective on Brunswick from $92.00 to $101.00 and gave the stock a "buy" rating in a research report on Friday, September 27th. B. Riley downgraded Brunswick from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $95.00 to $88.00 in a research report on Tuesday, November 26th. Morgan Stanley reduced their price objective on Brunswick from $78.00 to $64.00 and set an "equal weight" rating on the stock in a research report on Tuesday. Benchmark reiterated a "buy" rating and set a $100.00 price objective on shares of Brunswick in a research report on Friday, October 25th. Finally, Truist Financial reduced 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. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $83.77.

Brunswick Trading Down 0.2 %

Shares of NYSE BC traded down $0.16 during trading on Friday, reaching $68.24. The stock had a trading volume of 748,700 shares, compared to its average volume of 627,247. Brunswick Co. has a fifty-two week low of $62.64 and a fifty-two week high of $96.65. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.74 and a current ratio of 1.97. The business's 50-day moving average price is $71.76 and its 200-day moving average price is $76.79. The company has a market cap of $4.50 billion, a P/E ratio of 16.97 and a beta of 1.54.

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.