Mutual of America Capital Management LLC Cuts Position in Brunswick Co. (NYSE:BC)

Mutual of America Capital Management LLC decreased its holdings in Brunswick Co. (NYSE:BC) by 7.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 35,792 shares of the company’s stock after selling 2,894 shares during the quarter. Mutual of America Capital Management LLC owned 0.05% of Brunswick worth $3,000,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new stake in shares of Brunswick during the third quarter worth about $26,000. Covestor Ltd boosted its holdings in Brunswick by 669.0% in the 3rd quarter. Covestor Ltd now owns 969 shares of the company’s stock worth $81,000 after buying an additional 843 shares during the last quarter. GAMMA Investing LLC increased its stake in Brunswick by 92.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,155 shares of the company’s stock worth $97,000 after buying an additional 555 shares in the last quarter. CWM LLC raised its holdings in shares of Brunswick by 21.6% during the third quarter. CWM LLC now owns 1,323 shares of the company’s stock valued at $111,000 after acquiring an additional 235 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of Brunswick by 47.0% in the second quarter. Fifth Third Bancorp now owns 1,511 shares of the company’s stock valued at $110,000 after acquiring an additional 483 shares in the last quarter. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Brunswick Stock Up 1.5 %

BC stock opened at $82.37 on Friday. The firm has a market cap of $5.43 billion, a PE ratio of 20.49 and a beta of 1.51. Brunswick Co. has a one year low of $69.05 and a one year high of $99.68. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.74 and a current ratio of 1.97. The firm’s 50 day moving average price is $81.74 and its 200-day moving average price is $78.80.

Brunswick Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 20th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend is Wednesday, November 20th. Brunswick’s dividend payout ratio (DPR) is presently 41.79%.

Insider Transactions at Brunswick

In other news, CEO David M. Foulkes sold 23,829 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $80.22, for a total value of $1,911,562.38. Following the sale, the chief executive officer now directly owns 251,094 shares of the company’s stock, valued at approximately $20,142,760.68. The trade was a 8.67 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Nancy E. Cooper sold 366 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $80.19, for a total transaction of $29,349.54. Following the transaction, the director now directly owns 24,557 shares of the company’s stock, valued at $1,969,225.83. The trade was a 1.47 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,940 shares of company stock worth $2,321,176. 0.81% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BC. Robert W. Baird dropped their price target on Brunswick from $95.00 to $93.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. Northcoast Research upgraded shares of Brunswick from a “neutral” rating to a “buy” rating and set a $100.00 target price for the company in a research report on Monday, July 29th. Benchmark restated a “buy” rating and set a $100.00 price target on shares of Brunswick in a research report on Friday, October 25th. Citigroup upped their price objective on shares of Brunswick from $92.00 to $101.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $70.00 target price (down from $115.00) on shares of Brunswick in a research note on Friday, July 26th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $89.23.

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.