Brunswick Co. (NYSE:BC - Get Free Report) CEO David M. Foulkes sold 23,829 shares of the firm's stock in a transaction that occurred 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 owns 251,094 shares of the company's stock, valued at $20,142,760.68. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
BC stock traded down $0.28 during midday trading on Monday, hitting $80.61. The stock had a trading volume of 358,618 shares, compared to its average volume of 712,125. The firm has a market cap of $5.32 billion, a P/E ratio of 20.34 and a beta of 1.51. The company has a current ratio of 1.97, a quick ratio of 0.74 and a debt-to-equity ratio of 1.17. Brunswick Co. has a 1-year low of $69.05 and a 1-year high of $99.68. The business has a fifty day moving average price of $80.70 and a two-hundred day moving average price of $78.85.
The company also recently announced 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 is Wednesday, November 20th. This represents a $1.68 annualized dividend and a yield of 2.08%. Brunswick's payout ratio is 41.79%.
BC has been the topic of a number of recent analyst reports. Benchmark reissued a "buy" rating and issued a $100.00 price objective on shares of Brunswick in a research note on Friday, October 25th. Robert W. Baird decreased their target price on shares of Brunswick from $95.00 to $93.00 and set an "outperform" rating on the stock in a research note on Friday, July 26th. Northcoast Research raised shares of Brunswick from a "neutral" rating to a "buy" rating and set a $100.00 target price on the stock in a research note on Monday, July 29th. Truist Financial decreased their target price on shares of Brunswick from $95.00 to $90.00 and set a "buy" rating on the stock in a research note on Monday, July 8th. Finally, Citigroup boosted their target price 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. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $89.23.
Check Out Our Latest Research Report on Brunswick
Hedge funds and other institutional investors have recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new position in shares of Brunswick during the third quarter valued at about $26,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Brunswick by 43,700.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 438 shares of the company's stock worth $42,000 after acquiring an additional 437 shares during the last quarter. J.Safra Asset Management Corp lifted its position in Brunswick by 77.1% in the 1st quarter. J.Safra Asset Management Corp now owns 602 shares of the company's stock valued at $58,000 after acquiring an additional 262 shares in the last quarter. Covestor Ltd boosted its stake in Brunswick by 669.0% during the 3rd quarter. Covestor Ltd now owns 969 shares of the company's stock valued at $81,000 after purchasing an additional 843 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Brunswick by 92.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,155 shares of the company's stock valued at $97,000 after purchasing an additional 555 shares during the last quarter. Institutional investors and hedge funds own 99.34% of the company's stock.
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.
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