Thrivent Financial for Lutherans Grows Stock Holdings in Brunswick Co. (NYSE:BC)

Thrivent Financial for Lutherans grew its holdings in shares of Brunswick Co. (NYSE:BC) by 0.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 537,285 shares of the company’s stock after buying an additional 2,436 shares during the quarter. Thrivent Financial for Lutherans owned 0.81% of Brunswick worth $45,035,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of BC. V Square Quantitative Management LLC acquired a new stake in Brunswick in the third quarter valued at $26,000. Allspring Global Investments Holdings LLC grew its position in shares of Brunswick by 43,700.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 438 shares of the company’s stock worth $42,000 after acquiring an additional 437 shares during the last quarter. Covestor Ltd grew its position in Brunswick by 669.0% in the 3rd quarter. Covestor Ltd now owns 969 shares of the company’s stock valued at $81,000 after buying an additional 843 shares in the last quarter. GAMMA Investing LLC grew its position in Brunswick by 92.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,155 shares of the company’s stock valued at $97,000 after buying an additional 555 shares in the last quarter. Finally, CWM LLC grew its position in Brunswick by 21.6% in the 3rd quarter. CWM LLC now owns 1,323 shares of the company’s stock valued at $111,000 after buying an additional 235 shares in the last quarter. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Brunswick

In related news, 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 transaction, the director now owns 24,557 shares in the company, valued at approximately $1,969,225.83. This represents a 1.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Joseph W. Mcclanathan sold 4,745 shares of the stock in a transaction that occurred on Friday, October 25th. The stock was 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 in the company, valued at $1,540,130.52. This represents a 19.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,940 shares of company stock valued at $2,321,176 over the last three months. 0.81% of the stock is owned by corporate insiders.

Brunswick Price Performance

BC stock opened at $79.96 on Tuesday. The firm has a 50-day moving average of $81.50 and a two-hundred day moving average of $78.80. 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 capitalization of $5.28 billion, a PE ratio of 19.89 and a beta of 1.51. Brunswick Co. has a one year low of $69.05 and a one year 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 given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date is Wednesday, November 20th. Brunswick’s dividend payout ratio (DPR) is 41.79%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BC. Jefferies Financial Group reiterated a “hold” rating and issued a $70.00 target price (down previously from $115.00) on shares of Brunswick in a research report on Friday, July 26th. Benchmark restated a “buy” rating and set a $100.00 price objective on shares of Brunswick in a research report on Friday, October 25th. JPMorgan Chase & Co. reduced their price objective 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. Citigroup raised their price objective on shares of Brunswick from $92.00 to $101.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Finally, Northcoast Research upgraded shares of Brunswick from a “neutral” rating to a “buy” rating and set a $100.00 price objective for the company in a research report on Monday, July 29th. Six 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, Brunswick has a consensus rating of “Moderate Buy” and a consensus target price of $89.23.

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.