Premier Fund Managers Ltd Invests $973,000 in Brunswick Co. (NYSE:BC)

Premier Fund Managers Ltd purchased a new position in shares of Brunswick Co. (NYSE:BC - Free Report) in the third quarter, according to its most recent filing with the SEC. The firm purchased 11,514 shares of the company's stock, valued at approximately $973,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nisa Investment Advisors LLC lifted its position in Brunswick by 0.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 26,731 shares of the company's stock valued at $2,241,000 after acquiring an additional 145 shares in the last quarter. Inspire Investing LLC lifted its position in Brunswick by 2.8% in the 3rd quarter. Inspire Investing LLC now owns 5,545 shares of the company's stock valued at $465,000 after acquiring an additional 153 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Brunswick by 3.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,647 shares of the company's stock valued at $390,000 after buying an additional 174 shares during the last quarter. Comerica Bank increased its stake in shares of Brunswick by 0.6% during the 1st quarter. Comerica Bank now owns 35,548 shares of the company's stock worth $3,431,000 after purchasing an additional 205 shares during the last quarter. Finally, CWM LLC increased its stake in shares of Brunswick by 21.6% during the 3rd quarter. CWM LLC now owns 1,323 shares of the company's stock worth $111,000 after purchasing an additional 235 shares during the last quarter. Institutional investors own 99.34% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BC. Roth Mkm restated a "buy" rating and set a $94.00 price target on shares of Brunswick in a research note on Thursday, July 25th. Robert W. Baird cut their price target on shares of Brunswick from $95.00 to $93.00 and set an "outperform" rating for the company in a report 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 report on Friday, September 27th. Jefferies Financial Group reissued a "hold" rating and issued a $70.00 price target (down from $115.00) on shares of Brunswick in a report on Friday, July 26th. Finally, JPMorgan Chase & Co. cut their price target on shares of Brunswick from $78.00 to $75.00 and set a "neutral" rating for the company in a report on Wednesday, July 24th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $89.23.

Insider Buying and Selling

In other news, Director Joseph W. Mcclanathan sold 4,745 shares of the company's stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $80.14, for a total value of $380,264.30. Following the transaction, the director now owns 19,218 shares in the company, valued at approximately $1,540,130.52. This represents a 19.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO David M. Foulkes sold 23,829 shares of the company's stock in a transaction that occurred on Thursday, October 31st. The stock was 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 position. The disclosure for this sale can be found here. Insiders have sold 28,940 shares of company stock valued at $2,321,176 over the last quarter. Corporate insiders own 0.81% of the company's stock.

Brunswick Trading Down 2.5 %

Shares of NYSE BC traded down $1.98 during midday trading on Wednesday, hitting $77.55. 145,288 shares of the company traded hands, compared to its average volume of 697,101. Brunswick Co. has a 12-month low of $69.05 and a 12-month high of $99.68. 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 stock has a 50-day moving average price of $81.59 and a 200 day moving average price of $78.79. The firm has a market cap of $5.12 billion, a P/E ratio of 19.79 and a beta of 1.51.

Brunswick Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 20th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.17%. The ex-dividend date is Wednesday, November 20th. Brunswick's payout ratio is currently 41.79%.

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.