Trajan Wealth LLC Acquires Shares of 3,026 Brunswick Co. (NYSE:BC)

Trajan Wealth LLC bought a new position in Brunswick Co. (NYSE:BC) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,026 shares of the company’s stock, valued at approximately $254,000.

Several other hedge funds and other institutional investors have also modified their holdings of BC. V Square Quantitative Management LLC bought a new position in shares of Brunswick in the third quarter valued at approximately $26,000. Allspring Global Investments Holdings LLC raised its position in Brunswick by 43,700.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 438 shares of the company’s stock valued at $42,000 after purchasing an additional 437 shares during the last quarter. J.Safra Asset Management Corp grew its holdings in shares of Brunswick by 77.1% during the first quarter. J.Safra Asset Management Corp now owns 602 shares of the company’s stock worth $58,000 after purchasing an additional 262 shares during the last quarter. GAMMA Investing LLC grew 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 worth $97,000 after purchasing an additional 555 shares during the last quarter. Finally, Valley National Advisers Inc. increased its stake in shares of Brunswick by 47.0% in the first quarter. Valley National Advisers Inc. now owns 1,120 shares of the company’s stock valued at $108,000 after buying an additional 358 shares in the last quarter. Institutional investors own 99.34% of the company’s stock.

Insiders Place Their Bets

In related news, Director Joseph W. Mcclanathan sold 4,745 shares of the company’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $80.14, for a total value of $380,264.30. Following the completion of the sale, the director now owns 19,218 shares in the company, valued at $1,540,130.52. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.81% of the company’s stock.

Brunswick Price Performance

Brunswick stock opened at $81.61 on Thursday. The company has a current ratio of 1.70, a quick ratio of 0.75 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $5.40 billion, a P/E ratio of 20.30 and a beta of 1.51. The business has a 50-day moving average of $80.63 and a 200-day moving average of $78.95. Brunswick Co. has a 1 year low of $67.95 and a 1 year high of $99.68.

Brunswick Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 20th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.06%. The ex-dividend date is Wednesday, November 20th. Brunswick’s payout ratio is presently 41.79%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on BC shares. JPMorgan Chase & Co. reduced their price target on shares of Brunswick from $78.00 to $75.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. Citigroup raised their price target on shares of Brunswick from $92.00 to $101.00 and gave the company a “buy” rating in a report on Friday, September 27th. Truist Financial reduced their price objective on Brunswick from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Monday, July 8th. Northcoast Research upgraded Brunswick from a “neutral” rating to a “buy” rating and set a $100.00 price objective on the stock in a research report on Monday, July 29th. Finally, B. Riley dropped their target price on Brunswick from $108.00 to $97.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $89.23.

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.