40,900 Shares in Brunswick Co. (NYSE:BC) Acquired by De Lisle Partners LLP

De Lisle Partners LLP purchased a new stake in shares of Brunswick Co. (NYSE:BC) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 40,900 shares of the company’s stock, valued at approximately $3,428,000.

Several other hedge funds have also added to or reduced their stakes in BC. BNP Paribas Financial Markets lifted its position in Brunswick by 134.5% during the third quarter. BNP Paribas Financial Markets now owns 6,713 shares of the company’s stock worth $563,000 after acquiring an additional 3,850 shares during the last quarter. Quantbot Technologies LP boosted its position in shares of Brunswick by 6.6% in the third quarter. Quantbot Technologies LP now owns 36,934 shares of the company’s stock valued at $3,096,000 after acquiring an additional 2,296 shares during the period. Bank of Montreal Can grew its stake in shares of Brunswick by 8.5% in the third quarter. Bank of Montreal Can now owns 43,592 shares of the company’s stock valued at $3,685,000 after acquiring an additional 3,399 shares in the last quarter. Garner Asset Management Corp increased its position in Brunswick by 4.1% during the third quarter. Garner Asset Management Corp now owns 63,163 shares of the company’s stock worth $5,294,000 after acquiring an additional 2,501 shares during the period. Finally, Penserra Capital Management LLC raised its stake in Brunswick by 13.7% in the 3rd quarter. Penserra Capital Management LLC now owns 5,570 shares of the company’s stock worth $466,000 after purchasing an additional 671 shares in the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Brunswick Trading Down 0.1 %

NYSE BC opened at $80.63 on Thursday. 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 company has a market cap of $5.32 billion, a price-to-earnings ratio of 20.06 and a beta of 1.51. Brunswick Co. has a twelve month low of $69.05 and a twelve month high of $99.68. The business’s fifty day moving average is $81.90 and its 200 day moving average is $78.76.

Brunswick Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 20th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $1.68 dividend on an annualized basis and a yield of 2.08%. Brunswick’s dividend payout ratio (DPR) is presently 41.79%.

Insider Buying and Selling

In other news, Director Joseph W. Mcclanathan sold 4,745 shares of the firm’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $80.14, for a total transaction of $380,264.30. Following the completion of the transaction, the director now directly owns 19,218 shares in the company, valued at $1,540,130.52. This trade represents a 19.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David M. Foulkes sold 23,829 shares of Brunswick stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $80.22, for a total value of $1,911,562.38. Following the completion of the transaction, the chief executive officer now directly owns 251,094 shares in the company, valued at approximately $20,142,760.68. This represents a 8.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 28,940 shares of company stock worth $2,321,176 in the last ninety days. Company insiders own 0.81% 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.