Inspire Investing LLC Has $440,000 Position in Brunswick Co. (NYSE:BC)

Inspire Investing LLC grew its stake in shares of Brunswick Co. (NYSE:BC) by 22.7% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 6,805 shares of the company’s stock after buying an additional 1,260 shares during the period. Inspire Investing LLC’s holdings in Brunswick were worth $440,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Oak Thistle LLC acquired a new position in Brunswick in the fourth quarter worth about $368,000. Sei Investments Co. raised its position in Brunswick by 7.6% in the second quarter. Sei Investments Co. now owns 221,073 shares of the company’s stock worth $16,087,000 after purchasing an additional 15,602 shares in the last quarter. Bank of Montreal Can raised its position in Brunswick by 20.8% in the second quarter. Bank of Montreal Can now owns 40,193 shares of the company’s stock worth $2,925,000 after purchasing an additional 6,922 shares in the last quarter. Global Alpha Capital Management Ltd. raised its position in Brunswick by 47.5% in the third quarter. Global Alpha Capital Management Ltd. now owns 240,128 shares of the company’s stock worth $20,128,000 after purchasing an additional 77,340 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in Brunswick by 7.4% in the third quarter. JPMorgan Chase & Co. now owns 1,487,773 shares of the company’s stock worth $124,705,000 after purchasing an additional 102,780 shares in the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

Brunswick Stock Down 0.2 %

Shares of NYSE BC opened at $68.24 on Friday. The stock has a market cap of $4.50 billion, a P/E ratio of 16.97 and a beta of 1.54. The firm has a 50 day moving average price of $71.52 and a 200 day moving average price of $76.77. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.74 and a current ratio of 1.97. Brunswick Co. has a 52-week low of $62.64 and a 52-week high of $96.65.

Insider Activity at Brunswick

In other Brunswick news, Director Nancy E. Cooper sold 366 shares of Brunswick 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 transaction, the director now owns 24,557 shares of the company’s stock, valued at approximately $1,969,225.83. The trade was a 1.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 shares were sold at an average price of $80.22, for a total transaction 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. The trade was a 8.67 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.81% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Citigroup upped 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. DA Davidson lowered their price target on shares of Brunswick from $80.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday. Roth Mkm dropped their target price on Brunswick from $91.00 to $85.00 and set a “buy” rating for the company in a research report on Friday. Stifel Nicolaus decreased their price target on Brunswick from $95.00 to $86.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Finally, Truist Financial dropped their price objective on Brunswick from $90.00 to $85.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.77.

Brunswick 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.