Foster & Motley Inc. Has $604,000 Stake in Brunswick Co. (NYSE:BC)

Foster & Motley Inc. reduced its position in shares of Brunswick Co. (NYSE:BC) by 27.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,209 shares of the company’s stock after selling 2,773 shares during the period. Foster & Motley Inc.’s holdings in Brunswick were worth $604,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of BC. M&G Plc boosted its position in Brunswick by 15.1% during the 2nd quarter. M&G Plc now owns 55,218 shares of the company’s stock worth $4,031,000 after acquiring an additional 7,261 shares during the last quarter. Russell Investments Group Ltd. grew its position in Brunswick by 11.4% in the first quarter. Russell Investments Group Ltd. now owns 82,356 shares of the company’s stock valued at $7,942,000 after purchasing an additional 8,456 shares in the last quarter. Vanguard Group Inc. increased its stake in 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 buying an additional 160,531 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in 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 buying an additional 6,874 shares in the last quarter. Finally, Swedbank AB acquired a new position in shares of Brunswick during the 1st quarter worth about $19,304,000. 99.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BC has been the topic of a number of recent research reports. Citigroup lifted their target price on Brunswick from $92.00 to $101.00 and gave the company a “buy” rating in a research report on Friday, September 27th. JPMorgan Chase & Co. dropped their price objective on Brunswick from $78.00 to $75.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. Northcoast Research upgraded shares of 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. 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. Finally, Roth Mkm restated a “buy” rating and set a $94.00 price objective on shares of Brunswick in a research note on Thursday, July 25th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $89.23.

Insider Transactions at Brunswick

In related news, CEO David M. Foulkes sold 23,829 shares of the firm’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $80.22, for a total transaction of $1,911,562.38. Following the transaction, the chief executive officer now directly owns 251,094 shares of the company’s stock, valued at approximately $20,142,760.68. 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. In other Brunswick news, CEO David M. Foulkes sold 23,829 shares of the stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $80.22, for a total transaction of $1,911,562.38. Following the transaction, the chief executive officer now owns 251,094 shares in the company, valued at $20,142,760.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Joseph W. Mcclanathan sold 4,745 shares of Brunswick stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $80.14, for a total transaction of $380,264.30. Following the completion of the sale, the director now owns 19,218 shares of the company’s stock, valued at approximately $1,540,130.52. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,940 shares of company stock valued at $2,321,176. 0.81% of the stock is currently owned by corporate insiders.

Brunswick Price Performance

Brunswick stock opened at $83.51 on Friday. The company has a market capitalization of $5.51 billion, a price-to-earnings ratio of 20.77 and a beta of 1.51. The stock’s 50 day moving average is $80.91 and its 200-day moving average is $78.91. The company has a current ratio of 1.97, a quick ratio of 0.74 and a debt-to-equity ratio of 1.17. Brunswick Co. has a 12 month low of $69.05 and a 12 month high of $99.68.

Brunswick Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 20th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend is Wednesday, November 20th. Brunswick’s payout ratio is 41.79%.

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.