Victory Capital Management Inc. Has $118.56 Million Stake in Brunswick Co. (NYSE:BC)

Victory Capital Management Inc. increased its position in shares of Brunswick Co. (NYSE:BC - Free Report) by 13.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,414,490 shares of the company's stock after buying an additional 168,384 shares during the quarter. Victory Capital Management Inc. owned 2.14% of Brunswick worth $118,563,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BC. V Square Quantitative Management LLC acquired a new stake in shares of Brunswick during the 3rd quarter valued at about $26,000. Allspring Global Investments Holdings LLC boosted its holdings in Brunswick by 43,700.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 438 shares of the company's stock valued at $42,000 after purchasing an additional 437 shares in the last quarter. J.Safra Asset Management Corp grew its stake in shares of Brunswick by 77.1% in the 1st quarter. J.Safra Asset Management Corp now owns 602 shares of the company's stock valued at $58,000 after purchasing an additional 262 shares during the period. Covestor Ltd raised its holdings in shares of Brunswick by 669.0% in the 3rd quarter. Covestor Ltd now owns 969 shares of the company's stock worth $81,000 after buying an additional 843 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Brunswick by 92.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,155 shares of the company's stock worth $97,000 after buying an additional 555 shares during the period. 99.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Jefferies Financial Group reiterated a "hold" rating and set a $70.00 price objective (down from $115.00) on shares of Brunswick in a research note on Friday, July 26th. Northcoast Research raised shares of Brunswick from a "neutral" rating to a "buy" rating and set a $100.00 price target for the company in a report on Monday, July 29th. JPMorgan Chase & Co. decreased their price objective on shares of Brunswick from $78.00 to $75.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 24th. Robert W. Baird cut their target price on shares of Brunswick from $95.00 to $93.00 and set an "outperform" rating for the company in a research note on Friday, July 26th. Finally, Citigroup increased their price target on Brunswick from $92.00 to $101.00 and gave the stock a "buy" rating in a research report on Friday, September 27th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Brunswick currently has a consensus rating of "Moderate Buy" and an average price target of $89.23.

Insiders Place Their Bets

In related news, Director Joseph W. Mcclanathan sold 4,745 shares of the business'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 transaction of $380,264.30. Following the completion of the transaction, the director now owns 19,218 shares in the company, valued at approximately $1,540,130.52. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Nancy E. Cooper sold 366 shares of the firm's stock in a transaction dated 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 owns 24,557 shares of the company's stock, valued at $1,969,225.83. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Joseph W. Mcclanathan sold 4,745 shares of the business'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 completion of the transaction, the director now owns 19,218 shares of the company's stock, valued at $1,540,130.52. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,940 shares of company stock worth $2,321,176. Insiders own 0.81% of the company's stock.

Brunswick Trading Up 1.6 %

NYSE BC traded up $1.25 during trading hours on Wednesday, hitting $81.66. The company's stock had a trading volume of 266,315 shares, compared to its average volume of 705,620. Brunswick Co. has a twelve month low of $69.05 and a twelve month high of $99.68. The firm has a market capitalization of $5.39 billion, a P/E ratio of 20.31 and a beta of 1.51. The company has a quick ratio of 0.74, a current ratio of 1.97 and a debt-to-equity ratio of 1.17. The stock has a fifty day moving average of $81.23 and a 200 day moving average of $78.83.

Brunswick Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 20th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Wednesday, November 20th. Brunswick's payout ratio is 41.79%.

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.