Brunswick Co. (NYSE:BC) Director Nancy E. Cooper Sells 366 Shares

Brunswick Co. (NYSE:BCGet Free Report) 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 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Brunswick Price Performance

BC traded up $1.13 on Friday, hitting $80.87. 582,733 shares of the company’s stock traded hands, compared to its average volume of 713,793. Brunswick Co. has a one year low of $69.05 and a one year high of $99.68. The company has a current ratio of 1.97, a quick ratio of 0.74 and a debt-to-equity ratio of 1.17. The firm has a market cap of $5.36 billion, a price-to-earnings ratio of 19.84 and a beta of 1.51. The company’s 50 day simple moving average is $80.63 and its 200-day simple moving average is $78.95.

Brunswick Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 20th will be given a dividend of $0.42 per share. The ex-dividend date is Wednesday, November 20th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.08%. Brunswick’s dividend payout ratio is 41.79%.

Analyst Ratings Changes

BC has been the topic of several research analyst reports. B. Riley lowered their target price on shares of Brunswick from $108.00 to $97.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Jefferies Financial Group reissued a “hold” rating and issued a $70.00 target price (down from $115.00) on shares of Brunswick in a research report on Friday, July 26th. Citigroup increased their price target on shares of Brunswick from $92.00 to $101.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Roth Mkm reissued a “buy” rating and set a $94.00 price objective on shares of Brunswick in a research report on Thursday, July 25th. Finally, Robert W. Baird decreased their target price on Brunswick from $95.00 to $93.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $89.23.

Read Our Latest Report on Brunswick

Hedge Funds Weigh In On Brunswick

Institutional investors have recently bought and sold shares of the stock. Baillie Gifford & Co. bought a new stake in Brunswick in the 1st quarter worth approximately $124,840,000. Lord Abbett & CO. LLC purchased a new stake in Brunswick during the first quarter valued at $38,655,000. New York State Common Retirement Fund lifted its position in Brunswick by 447.5% during the third quarter. New York State Common Retirement Fund now owns 271,681 shares of the company’s stock valued at $22,772,000 after purchasing an additional 222,062 shares during the last quarter. Swedbank AB purchased a new position in shares of Brunswick in the 1st quarter worth $19,304,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. bought a new stake in shares of Brunswick in the 3rd quarter worth about $15,907,000. 99.34% of the stock is owned by hedge funds and other institutional investors.

About Brunswick

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Brunswick (NYSE:BC)

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