Insider Buying: Brunswick Co. (NYSE:BC) Director Buys 225 Shares of Stock

Brunswick Co. (NYSE:BC) Director Reginald Fils-Aime bought 225 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was purchased at an average price of $79.01 per share, with a total value of $17,777.25. Following the completion of the purchase, the director now directly owns 7,294 shares of the company’s stock, valued at approximately $576,298.94. This trade represents a 3.18 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Brunswick Stock Down 1.7 %

Shares of BC traded down $1.34 on Thursday, hitting $77.55. The company’s stock had a trading volume of 454,860 shares, compared to its average volume of 691,499. 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 firm’s fifty day moving average price is $81.60 and its 200-day moving average price is $78.68. Brunswick Co. has a fifty-two week low of $69.05 and a fifty-two week high of $99.68. The firm has a market capitalization of $5.12 billion, a price-to-earnings ratio of 19.62 and a beta of 1.50.

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 2.17%. The ex-dividend date is Wednesday, November 20th. Brunswick’s payout ratio is 41.79%.

Wall Street Analyst Weigh In

BC has been the subject of several research reports. B. Riley lowered shares of Brunswick from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $95.00 to $88.00 in a research report on Tuesday, November 26th. Citigroup raised their price objective on shares of Brunswick from $92.00 to $101.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Finally, Benchmark reaffirmed a “buy” rating and set a $100.00 price objective on shares of Brunswick in a research note on Friday, October 25th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $88.54.

Institutional Investors Weigh In On Brunswick

Several institutional investors have recently bought and sold shares of BC. Nisa Investment Advisors LLC raised its stake in shares of Brunswick by 0.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 26,731 shares of the company’s stock worth $2,241,000 after purchasing an additional 145 shares in the last quarter. Inspire Investing LLC increased its holdings 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 during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Brunswick by 3.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,647 shares of the company’s stock worth $390,000 after acquiring an additional 174 shares during the last quarter. CWM LLC grew its holdings in Brunswick by 21.6% in the 3rd quarter. CWM LLC now owns 1,323 shares of the company’s stock valued at $111,000 after buying an additional 235 shares in the last quarter. Finally, US Bancorp DE grew its holdings in shares of Brunswick by 3.0% during the 3rd quarter. US Bancorp DE now owns 8,214 shares of the company’s stock worth $689,000 after purchasing an additional 241 shares in the last quarter. Institutional investors own 99.34% 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.