Royce & Associates LP Lowers Stock Holdings in Brunswick Co. (NYSE:BC)

Royce & Associates LP reduced its position in Brunswick Co. (NYSE:BC) by 0.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 522,441 shares of the company’s stock after selling 3,348 shares during the period. Royce & Associates LP owned about 0.79% of Brunswick worth $43,791,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Brunswick by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 7,266,170 shares of the company’s stock valued at $701,331,000 after purchasing an additional 160,531 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Brunswick by 2.3% in 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 purchasing an additional 58,583 shares during the last quarter. Baillie Gifford & Co. boosted its holdings in shares of Brunswick by 88.0% in the 2nd quarter. Baillie Gifford & Co. now owns 2,430,983 shares of the company’s stock valued at $176,903,000 after purchasing an additional 1,137,568 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Brunswick by 7.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,096,808 shares of the company’s stock valued at $152,577,000 after purchasing an additional 144,416 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Brunswick by 4.1% in the 2nd quarter. American Century Companies Inc. now owns 1,461,268 shares of the company’s stock valued at $106,337,000 after purchasing an additional 57,605 shares during the last quarter. 99.34% of the stock is owned by hedge funds and other institutional investors.

Brunswick Trading Down 1.0 %

Brunswick stock opened at $80.88 on Friday. 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 firm has a 50-day moving average price of $81.32 and a two-hundred day moving average price of $78.85. The firm has a market capitalization of $5.34 billion, a price-to-earnings ratio of 20.12 and a beta of 1.51. Brunswick Co. has a 52-week low of $69.05 and a 52-week high of $99.68.

Brunswick Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on BC shares. JPMorgan Chase & Co. reduced their target price on shares of Brunswick from $78.00 to $75.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. Jefferies Financial Group restated a “hold” rating and set a $70.00 target price (down previously from $115.00) on shares of Brunswick in a report 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 on the stock in a research note on Monday, July 29th. Robert W. Baird dropped their price target on shares of Brunswick from $95.00 to $93.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. Finally, Citigroup lifted their price target on shares of Brunswick from $92.00 to $101.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $89.23.

Insider Activity

In other news, 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 value of $29,349.54. Following the completion of the transaction, the director now directly owns 24,557 shares in the company, valued at $1,969,225.83. This trade represents a 1.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO David M. Foulkes sold 23,829 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $80.22, for a total transaction of $1,911,562.38. Following the sale, the chief executive officer now owns 251,094 shares of the company’s stock, valued at $20,142,760.68. The trade was a 8.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,940 shares of company stock worth $2,321,176 over the last three months. Corporate insiders own 0.81% of the company’s stock.

About Brunswick

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.