Brunswick Co. (NYSE:BC) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P trimmed its position in Brunswick Co. (NYSE:BC) by 3.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 136,790 shares of the company’s stock after selling 5,438 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Brunswick were worth $11,466,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of BC. Nisa Investment Advisors LLC raised its stake in Brunswick by 0.5% in the third quarter. Nisa Investment Advisors LLC now owns 26,731 shares of the company’s stock valued at $2,241,000 after buying an additional 145 shares in the last quarter. Inspire Investing LLC raised its position in shares of Brunswick by 2.8% during the 3rd quarter. Inspire Investing LLC now owns 5,545 shares of the company’s stock worth $465,000 after acquiring an additional 153 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Brunswick by 3.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,647 shares of the company’s stock worth $390,000 after purchasing an additional 174 shares during the last quarter. Comerica Bank boosted its holdings in Brunswick by 0.6% in the first quarter. Comerica Bank now owns 35,548 shares of the company’s stock valued at $3,431,000 after purchasing an additional 205 shares in the last quarter. Finally, CWM LLC increased its stake in Brunswick by 21.6% in the third quarter. CWM LLC now owns 1,323 shares of the company’s stock valued at $111,000 after purchasing an additional 235 shares during the last quarter. 99.34% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Brunswick

In other news, Director Nancy E. Cooper sold 366 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $80.19, for a total transaction of $29,349.54. Following the transaction, the director now directly owns 24,557 shares in the company, valued at $1,969,225.83. The trade was a 1.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 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 19.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,940 shares of company stock worth $2,321,176 over the last 90 days. 0.81% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BC. B. Riley downgraded shares of Brunswick from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $95.00 to $88.00 in a research report on Tuesday. Citigroup upped their price objective on shares of Brunswick from $92.00 to $101.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, Benchmark reiterated a “buy” rating and set a $100.00 target price on shares of Brunswick in a research report on Friday, October 25th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $88.54.

Brunswick Stock Performance

Shares of BC stock opened at $80.63 on Thursday. The stock’s 50-day moving average price is $81.90 and its 200 day moving average price is $78.76. 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 market capitalization of $5.32 billion, a PE ratio of 20.23 and a beta of 1.51. Brunswick Co. has a 52-week low of $69.05 and a 52-week high of $99.68.

Brunswick Announces Dividend

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