Fernwood Investment Management LLC Buys New Shares in Brunswick Co. (NYSE:BC)

Fernwood Investment Management LLC acquired a new position in shares of Brunswick Co. (NYSE:BC) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,600 shares of the company’s stock, valued at approximately $218,000.

Other institutional investors have also recently bought and sold shares of the company. M&G Plc grew its stake in shares of Brunswick by 15.1% in the 2nd quarter. M&G Plc now owns 55,218 shares of the company’s stock valued at $4,031,000 after purchasing an additional 7,261 shares during the period. Jennison Associates LLC grew its holdings in shares of Brunswick by 5.2% in the 1st quarter. Jennison Associates LLC now owns 848,728 shares of the company’s stock worth $81,919,000 after purchasing an additional 42,332 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Brunswick by 11.4% during the 1st quarter. Russell Investments Group Ltd. now owns 82,356 shares of the company’s stock worth $7,942,000 after purchasing an additional 8,456 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Brunswick by 2.3% during 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. Finally, Harbor Capital Advisors Inc. boosted its position in Brunswick by 292.5% in the second quarter. Harbor Capital Advisors Inc. now owns 9,224 shares of the company’s stock valued at $671,000 after buying an additional 6,874 shares in the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

Insider Buying and Selling

In other Brunswick news, Director Nancy E. Cooper sold 366 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $1,969,225.83. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Joseph W. Mcclanathan sold 4,745 shares of the business’s stock in a transaction on Friday, October 25th. The shares were 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 of the company’s stock, valued at $1,540,130.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Nancy E. Cooper sold 366 shares of the firm’s stock in a transaction 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 directly owns 24,557 shares in the company, valued at $1,969,225.83. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.81% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on BC. Benchmark reaffirmed a “buy” rating and set a $100.00 price objective on shares of Brunswick in a report on Friday, October 25th. B. Riley cut their price objective on Brunswick from $108.00 to $97.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Northcoast Research upgraded Brunswick from a “neutral” rating to a “buy” rating and set a $100.00 target price on the stock in a report on Monday, July 29th. Citigroup raised their target price on Brunswick from $92.00 to $101.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Brunswick from $78.00 to $75.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $89.23.

Brunswick Trading Up 1.4 %

NYSE BC traded up $1.15 during trading hours on Friday, hitting $80.89. The company’s stock had a trading volume of 582,733 shares, compared to its average volume of 713,793. Brunswick Co. has a twelve month low of $69.05 and a twelve month high of $99.68. The firm has a market capitalization of $5.36 billion, a P/E ratio of 20.12 and a beta of 1.51. 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 stock has a fifty day moving average of $80.70 and a 200 day moving average of $78.88.

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. The ex-dividend date is Wednesday, November 20th. This represents a $1.68 annualized dividend and a dividend yield of 2.08%. Brunswick’s dividend payout ratio is currently 41.79%.

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.