Landscape Capital Management L.L.C. Takes $330,000 Position in Brunswick Co. (NYSE:BC)

Landscape Capital Management L.L.C. bought a new position in shares of Brunswick Co. (NYSE:BC) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,936 shares of the company’s stock, valued at approximately $330,000.

A number of other hedge funds have also recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new stake in shares of Brunswick in the third quarter worth approximately $26,000. Avior Wealth Management LLC lifted its position in Brunswick by 1,073.7% in the 3rd quarter. Avior Wealth Management LLC now owns 669 shares of the company’s stock worth $56,000 after buying an additional 612 shares in the last quarter. Covestor Ltd boosted its stake in shares of Brunswick by 669.0% during the 3rd quarter. Covestor Ltd now owns 969 shares of the company’s stock valued at $81,000 after buying an additional 843 shares during the period. GAMMA Investing LLC grew its holdings in shares of 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 acquiring an additional 555 shares in the last quarter. Finally, Fifth Third Bancorp increased its stake in shares of Brunswick by 47.0% in the second quarter. Fifth Third Bancorp now owns 1,511 shares of the company’s stock worth $110,000 after acquiring an additional 483 shares during the last quarter. 99.34% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Brunswick

In other Brunswick news, Director Joseph W. Mcclanathan sold 4,745 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $80.14, for a total transaction of $380,264.30. Following the sale, the director now directly owns 19,218 shares in the company, valued at approximately $1,540,130.52. This trade represents a 19.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO David M. Foulkes sold 23,829 shares of the business’s stock in a transaction 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 sale, the chief executive officer now directly owns 251,094 shares in the company, valued at $20,142,760.68. This represents a 8.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 28,940 shares of company stock valued at $2,321,176 over the last three months. 0.81% of the stock is currently owned by corporate insiders.

Brunswick Trading Up 1.5 %

Shares of NYSE BC opened at $82.37 on Monday. 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 $5.44 billion, a P/E ratio of 20.49 and a beta of 1.51. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.97 and a quick ratio of 0.74. The company’s 50 day simple moving average is $81.81 and its 200 day simple moving average is $78.77.

Brunswick Announces Dividend

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 issued a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $1.68 annualized dividend and a yield of 2.04%. Brunswick’s dividend payout ratio (DPR) is presently 41.79%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Citigroup boosted their target price on Brunswick from $92.00 to $101.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Benchmark reiterated a “buy” rating and set a $100.00 price target on shares of Brunswick in a report on Friday, October 25th. Finally, Northcoast Research upgraded Brunswick from a “neutral” rating to a “buy” rating and set a $100.00 price objective on the stock in a report on Monday, July 29th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.