Brunswick Co. (NYSE:BC) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its holdings in Brunswick Co. (NYSE:BCGet Rating) by 60.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,265 shares of the company’s stock after buying an additional 4,618 shares during the period. Janney Montgomery Scott LLC’s holdings in Brunswick were worth $809,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BC. Savant Capital LLC increased its position in shares of Brunswick by 2.2% during the second quarter. Savant Capital LLC now owns 6,136 shares of the company’s stock worth $401,000 after purchasing an additional 133 shares in the last quarter. Los Angeles Capital Management LLC increased its position in Brunswick by 2.8% in the 1st quarter. Los Angeles Capital Management LLC now owns 5,153 shares of the company’s stock valued at $417,000 after acquiring an additional 138 shares during the period. KBC Group NV increased its position in Brunswick by 2.2% in the 1st quarter. KBC Group NV now owns 6,367 shares of the company’s stock valued at $515,000 after acquiring an additional 140 shares during the period. Stratos Wealth Partners LTD. increased its position in Brunswick by 2.2% in the 1st quarter. Stratos Wealth Partners LTD. now owns 6,793 shares of the company’s stock valued at $550,000 after acquiring an additional 149 shares during the period. Finally, Comerica Bank increased its position in Brunswick by 0.3% in the 1st quarter. Comerica Bank now owns 55,994 shares of the company’s stock valued at $4,443,000 after acquiring an additional 150 shares during the period. 93.32% of the stock is currently owned by institutional investors and hedge funds.

Brunswick Trading Down 2.3 %

Shares of Brunswick stock opened at $68.58 on Thursday. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.88 and a quick ratio of 0.84. Brunswick Co. has a 1 year low of $61.89 and a 1 year high of $103.93. The company has a market capitalization of $4.97 billion, a P/E ratio of 8.22 and a beta of 1.58. The business has a 50 day moving average price of $69.89 and a 200 day moving average price of $72.88.

Brunswick Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Wednesday, November 23rd will be given a dividend of $0.365 per share. The ex-dividend date is Tuesday, November 22nd. This represents a $1.46 annualized dividend and a dividend yield of 2.13%. Brunswick’s dividend payout ratio is currently 17.51%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on BC shares. BMO Capital Markets upgraded Brunswick from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $90.00 to $110.00 in a research report on Tuesday, August 9th. Royal Bank of Canada lowered their price objective on Brunswick from $95.00 to $91.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. Truist Financial lowered their price objective on Brunswick from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Wednesday, October 5th. StockNews.com lowered Brunswick from a “buy” rating to a “hold” rating in a report on Friday, October 7th. Finally, Robert W. Baird lowered their price objective on Brunswick from $120.00 to $100.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $98.00.

Brunswick Company Profile

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Brunswick Corporation designs, manufactures, and markets recreation products worldwide. It operates through Propulsion; Parts & Accessories; and Boat segments. The Propulsion segment provides outboard, sterndrive, and inboard engines for independent boat builders and governments through marine dealers and distributors, specialty marine retailers, and marine service centers; and propulsion-related controls, rigging, and propellers to original equipment manufacturers and aftermarket retailers, distributors, and distribution businesses.

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Institutional Ownership by Quarter for Brunswick (NYSE:BC)

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