Brunswick Co. (NYSE:BC) Director Reginald Fils-Aime Acquires 225 Shares

Brunswick Co. (NYSE:BC) Director Reginald Fils-Aime purchased 225 shares of Brunswick stock in a transaction that occurred on Thursday, December 5th. The stock was purchased at an average cost of $79.01 per share, for a total transaction of $17,777.25. Following the completion of the purchase, the director now owns 7,294 shares of the company’s stock, valued at $576,298.94. This trade represents a 3.18 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

Brunswick Stock Performance

NYSE BC opened at $76.81 on Friday. Brunswick Co. has a twelve month low of $69.05 and a twelve month high of $99.68. 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 market cap of $5.07 billion, a price-to-earnings ratio of 19.11 and a beta of 1.50. The business has a 50-day moving average price of $81.34 and a 200-day moving average price of $78.64.

Brunswick Announces Dividend

The firm 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 $0.42 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.19%. Brunswick’s dividend payout ratio (DPR) is presently 41.79%.

Analysts Set New Price Targets

BC has been the topic of a number of recent research reports. Benchmark reissued a “buy” rating and issued a $100.00 target price on shares of Brunswick in a research note on Friday, October 25th. Citigroup increased their price target on shares of Brunswick from $92.00 to $101.00 and gave the company a “buy” rating in a report on Friday, September 27th. Finally, B. Riley downgraded Brunswick from a “buy” rating to a “neutral” rating and cut their target price for the company from $95.00 to $88.00 in a research note on Tuesday, November 26th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Brunswick has a consensus rating of “Moderate Buy” and a consensus target price of $88.54.

Institutional Investors Weigh In On Brunswick

Several hedge funds and other institutional investors have recently made changes to their positions in the company. M&G Plc increased its stake in shares of Brunswick by 15.1% during the second quarter. M&G Plc now owns 55,218 shares of the company’s stock valued at $4,031,000 after buying an additional 7,261 shares during the period. Harbor Capital Advisors Inc. boosted its stake in shares of Brunswick by 292.5% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 9,224 shares of the company’s stock worth $671,000 after acquiring an additional 6,874 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Brunswick by 7.6% during the second quarter. Sei Investments Co. now owns 221,073 shares of the company’s stock worth $16,087,000 after buying an additional 15,602 shares in the last quarter. Edgestream Partners L.P. purchased a new stake in Brunswick in the 2nd quarter valued at $8,289,000. Finally, QRG Capital Management Inc. grew its holdings in shares of Brunswick by 12.3% in the second quarter. QRG Capital Management Inc. now owns 13,341 shares of the company’s stock valued at $971,000 after purchasing an additional 1,456 shares during the period. Hedge funds and other institutional investors own 99.34% 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.