Sendero Wealth Management LLC Reduces Position in Brunswick Co. (NYSE:BC)

Sendero Wealth Management LLC lowered its stake in Brunswick Co. (NYSE:BC - Free Report) by 65.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,360 shares of the company's stock after selling 25,188 shares during the period. Sendero Wealth Management LLC's holdings in Brunswick were worth $864,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. V Square Quantitative Management LLC purchased a new stake in Brunswick during the 3rd quarter valued at $26,000. Armstrong Advisory Group Inc. bought a new position in shares of Brunswick during the fourth quarter valued at about $39,000. Avior Wealth Management LLC raised its stake in shares of Brunswick by 1,073.7% during the third quarter. Avior Wealth Management LLC now owns 669 shares of the company's stock valued at $56,000 after acquiring an additional 612 shares during the last quarter. Covestor Ltd boosted its holdings in shares of Brunswick by 669.0% during the third quarter. Covestor Ltd now owns 969 shares of the company's stock worth $81,000 after purchasing an additional 843 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of Brunswick by 92.5% during the third quarter. GAMMA Investing LLC now owns 1,155 shares of the company's stock worth $97,000 after purchasing an additional 555 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 subject of a number of recent analyst reports. Citigroup upped their price target on Brunswick from $92.00 to $101.00 and gave the company a "buy" rating in a research report on Friday, September 27th. Truist Financial dropped their price target on Brunswick from $90.00 to $85.00 and set a "buy" rating for the company in a research note on Tuesday, January 7th. Stifel Nicolaus cut their price target on shares of Brunswick from $95.00 to $86.00 and set a "buy" rating on the stock in a report on Wednesday. B. Riley lowered shares of Brunswick from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $95.00 to $88.00 in a report on Tuesday, November 26th. Finally, Benchmark reaffirmed a "buy" rating and set a $100.00 target price on shares of Brunswick in a research note on Friday, October 25th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $87.46.

Insider Buying and Selling

In other Brunswick news, Director Joseph W. Mcclanathan sold 4,745 shares of Brunswick stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $80.14, for a total value of $380,264.30. Following the completion of the transaction, the director now directly owns 19,218 shares of the company's stock, valued at approximately $1,540,130.52. The trade was a 19.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Nancy E. Cooper sold 366 shares of the stock in a transaction that occurred 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 sale, the director now owns 24,557 shares in the company, valued at approximately $1,969,225.83. The trade was a 1.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,940 shares of company stock worth $2,321,176 in the last 90 days. Insiders own 0.81% of the company's stock.

Brunswick Stock Up 0.4 %

BC traded up $0.27 during midday trading on Thursday, reaching $67.56. The company's stock had a trading volume of 488,887 shares, compared to its average volume of 583,469. The stock's 50-day moving average is $73.47 and its 200-day moving average is $76.92. Brunswick Co. has a 1 year low of $62.64 and a 1 year high of $96.65. The firm has a market capitalization of $4.46 billion, a price-to-earnings ratio of 16.81 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.

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.