Trajan Wealth LLC Makes New Investment in Brunswick Co. (NYSE:BC)

Trajan Wealth LLC purchased a new stake in Brunswick Co. (NYSE:BC) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,026 shares of the company’s stock, valued at approximately $254,000.

Several other institutional investors and hedge funds also recently modified their holdings of BC. Allspring Global Investments Holdings LLC grew its position in Brunswick by 43,700.0% in 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. State of Michigan Retirement System increased its position in shares of Brunswick by 2.4% in the first quarter. State of Michigan Retirement System now owns 16,870 shares of the company’s stock valued at $1,628,000 after acquiring an additional 400 shares during the last quarter. Valley National Advisers Inc. raised its holdings in Brunswick by 47.0% during the first quarter. Valley National Advisers Inc. now owns 1,120 shares of the company’s stock worth $108,000 after acquiring an additional 358 shares in the last quarter. Van ECK Associates Corp boosted its position in Brunswick by 32.0% during the first quarter. Van ECK Associates Corp now owns 73,470 shares of the company’s stock valued at $7,091,000 after purchasing an additional 17,824 shares during the last quarter. Finally, Bridgewater Advisors Inc. grew its stake in Brunswick by 2.4% in the first quarter. Bridgewater Advisors Inc. now owns 14,151 shares of the company’s stock valued at $1,366,000 after purchasing an additional 334 shares in the last quarter. 99.34% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Joseph W. Mcclanathan sold 4,745 shares of the firm’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $80.14, for a total transaction of $380,264.30. Following the transaction, the director now directly owns 19,218 shares of the company’s stock, valued at approximately $1,540,130.52. 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. 0.81% of the stock is currently owned by company insiders.

Brunswick Price Performance

Shares of NYSE BC opened at $81.61 on Thursday. The firm has a market cap of $5.40 billion, a P/E ratio of 20.30 and a beta of 1.51. The business’s 50 day moving average is $80.63 and its 200-day moving average is $78.95. The company has a current ratio of 1.70, a quick ratio of 0.75 and a debt-to-equity ratio of 1.18. Brunswick Co. has a 1-year low of $67.95 and a 1-year high of $99.68.

Brunswick Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 20th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Wednesday, November 20th. Brunswick’s dividend payout ratio is currently 41.79%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Citigroup upped their price objective on Brunswick from $92.00 to $101.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Jefferies Financial Group reiterated a “hold” rating and issued a $70.00 price target (down previously from $115.00) on shares of Brunswick in a research note on Friday, July 26th. Northcoast Research upgraded shares of Brunswick from a “neutral” rating to a “buy” rating and set a $100.00 price objective on the stock in a research note on Monday, July 29th. Stifel Nicolaus dropped their target price on shares of Brunswick from $97.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, July 12th. Finally, JPMorgan Chase & Co. reduced their price target on Brunswick from $78.00 to $75.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Brunswick has a consensus rating of “Moderate Buy” and an average price target of $89.23.

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.