Brunswick Co. (NYSE:BC) Shares Sold by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC lowered its stake in shares of Brunswick Co. (NYSE:BC - Free Report) by 0.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 660,183 shares of the company's stock after selling 6,165 shares during the period. TimesSquare Capital Management LLC owned 1.00% of Brunswick worth $55,337,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its position 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 worth $701,331,000 after purchasing an additional 160,531 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Brunswick by 2.3% during the 2nd 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 in the last quarter. Baillie Gifford & Co. raised its stake in Brunswick by 88.0% in 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 boosted its holdings in Brunswick by 7.4% in 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 in the last quarter. Finally, American Century Companies Inc. grew its stake 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 worth $106,337,000 after acquiring an additional 57,605 shares during the last quarter. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO David M. Foulkes sold 23,829 shares of the business's stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $80.22, for a total value of $1,911,562.38. Following the sale, the chief executive officer now directly owns 251,094 shares in the company, valued at approximately $20,142,760.68. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, 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 sale, the director now owns 24,557 shares in the company, valued at approximately $1,969,225.83. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David M. Foulkes sold 23,829 shares of the firm's stock in a transaction dated Thursday, October 31st. The shares were 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 of the company's stock, valued at $20,142,760.68. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 28,940 shares of company stock worth $2,321,176. Company insiders own 0.81% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Jefferies Financial Group reissued a "hold" rating and set a $70.00 price objective (down from $115.00) on shares of Brunswick in a report on Friday, July 26th. Northcoast Research raised Brunswick from a "neutral" rating to a "buy" rating and set a $100.00 price objective on the stock in a report on Monday, July 29th. Benchmark reaffirmed a "buy" rating and set a $100.00 target price on shares of Brunswick in a report on Friday, October 25th. Robert W. Baird cut their price target on shares of Brunswick from $95.00 to $93.00 and set an "outperform" rating on the stock in a report on Friday, July 26th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Brunswick from $78.00 to $75.00 and set a "neutral" rating for the company in a research report on Wednesday, July 24th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $89.23.

Brunswick Price Performance

Shares of NYSE:BC traded up $0.32 during midday trading on Friday, hitting $83.85. The company had a trading volume of 355,392 shares, compared to its average volume of 649,359. Brunswick Co. has a twelve month low of $69.05 and a twelve month high of $99.68. The stock has a market cap of $5.53 billion, a price-to-earnings ratio of 20.86 and a beta of 1.51. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.97 and a quick ratio of 0.74. The business's 50-day simple moving average is $81.01 and its 200-day simple moving average is $78.85.

Brunswick Announces Dividend

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 issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Wednesday, November 20th. Brunswick's dividend payout ratio is presently 41.79%.

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.