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

Brunswick Co. (NYSE:BC) Director Nancy E. Cooper sold 366 shares of the stock in a transaction that occurred 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. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Brunswick Stock Performance

BC stock opened at $80.87 on Friday. The business’s fifty day moving average is $80.70 and its 200-day moving average is $78.92. 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 company has a market cap of $5.36 billion, a P/E ratio of 20.12 and a beta of 1.51. Brunswick Co. has a twelve month low of $69.05 and a twelve month high of $99.68.

Brunswick Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms recently commented on BC. 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. JPMorgan Chase & Co. decreased their price target on Brunswick from $78.00 to $75.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. Benchmark reaffirmed a “buy” rating and set a $100.00 price objective on shares of Brunswick in a report on Friday, October 25th. Robert W. Baird reduced their price objective on Brunswick from $95.00 to $93.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Finally, Truist Financial reduced their price objective on Brunswick from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Monday, July 8th. Six equities research 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $89.23.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Covestor Ltd raised its stake in Brunswick by 669.0% during the 3rd quarter. Covestor Ltd now owns 969 shares of the company’s stock worth $81,000 after buying an additional 843 shares during the period. Markel Group Inc. acquired a new stake in Brunswick during the 3rd quarter worth $1,173,000. Principal Financial Group Inc. raised its stake in Brunswick by 2.7% during the 3rd quarter. Principal Financial Group Inc. now owns 1,075,845 shares of the company’s stock worth $90,171,000 after buying an additional 28,781 shares during the period. M&G PLC raised its stake in Brunswick by 3.9% during the 3rd quarter. M&G PLC now owns 57,355 shares of the company’s stock worth $4,818,000 after buying an additional 2,137 shares during the period. Finally, Concurrent Investment Advisors LLC acquired a new stake in Brunswick during the 3rd quarter worth $219,000. Institutional investors and hedge funds own 99.34% of the company’s stock.

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.