Principal Financial Group Inc. grew its position in shares of Brunswick Co. (NYSE:BC - Free Report) by 2.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,075,845 shares of the company's stock after buying an additional 28,781 shares during the period. Principal Financial Group Inc. owned about 1.62% of Brunswick worth $90,171,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in BC. V Square Quantitative Management LLC acquired a new position in Brunswick in the third quarter valued at approximately $26,000. Allspring Global Investments Holdings LLC increased 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 worth $42,000 after buying an additional 437 shares during the period. J.Safra Asset Management Corp lifted its stake in Brunswick by 77.1% in the first quarter. J.Safra Asset Management Corp now owns 602 shares of the company's stock valued at $58,000 after buying an additional 262 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Brunswick by 92.5% during the third quarter. GAMMA Investing LLC now owns 1,155 shares of the company's stock valued at $97,000 after acquiring an additional 555 shares during the period. Finally, CWM LLC grew its position in shares of Brunswick by 21.6% during the third quarter. CWM LLC now owns 1,323 shares of the company's stock worth $111,000 after acquiring an additional 235 shares during the last quarter. Institutional investors and hedge funds own 99.34% of the company's stock.
In other news, CEO David M. Foulkes sold 23,829 shares of the business's stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $80.22, for a total transaction of $1,911,562.38. Following the sale, the chief executive officer now directly owns 251,094 shares of the company's stock, valued at $20,142,760.68. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Nancy E. Cooper sold 366 shares of the firm's stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $80.19, for a total value of $29,349.54. Following the completion of the transaction, the director now owns 24,557 shares of the company's stock, valued at approximately $1,969,225.83. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO David M. Foulkes sold 23,829 shares of the business's stock in a transaction 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 sale, the chief executive officer now directly owns 251,094 shares in the company, valued at approximately $20,142,760.68. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 28,940 shares of company stock valued at $2,321,176 in the last three months. 0.81% of the stock is currently owned by corporate insiders.
NYSE BC opened at $83.87 on Friday. Brunswick Co. has a 12 month low of $69.05 and a 12 month high of $99.68. The company has a market capitalization of $5.53 billion, a P/E ratio of 20.86 and a beta of 1.51. The company's 50 day simple moving average is $81.01 and its 200 day simple moving average is $78.90. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.97 and a quick ratio of 0.74.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 20th will be given a dividend of $0.42 per share. The ex-dividend date is Wednesday, November 20th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.00%. Brunswick's dividend payout ratio (DPR) is presently 41.79%.
A number of research analysts have issued reports on BC shares. Northcoast Research raised shares of Brunswick from a "neutral" rating to a "buy" rating and set a $100.00 target price for the company in a research note on Monday, July 29th. Roth Mkm restated a "buy" rating and issued a $94.00 target price on shares of Brunswick in a research report on Thursday, July 25th. 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 research report on Wednesday, July 24th. Robert W. Baird lowered their price target on Brunswick from $95.00 to $93.00 and set an "outperform" rating on the stock in a report on Friday, July 26th. Finally, Jefferies Financial Group reaffirmed a "hold" rating and issued a $70.00 price objective (down previously from $115.00) on shares of Brunswick in a report on Friday, July 26th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $89.23.
Read Our Latest Research Report on BC
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Brunswick, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Brunswick wasn't on the list.
While Brunswick currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.