Loomis Sayles & Co. L P Cuts Stock Position in Brunswick Co. (NYSE:BC)

Loomis Sayles & Co. L P trimmed its stake in shares of Brunswick Co. (NYSE:BC) by 3.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 136,790 shares of the company’s stock after selling 5,438 shares during the period. Loomis Sayles & Co. L P owned 0.21% of Brunswick worth $11,466,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Nisa Investment Advisors LLC raised its stake in Brunswick by 0.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 26,731 shares of the company’s stock valued at $2,241,000 after purchasing an additional 145 shares during the last quarter. Inspire Investing LLC lifted its stake in shares of Brunswick by 2.8% in the third quarter. Inspire Investing LLC now owns 5,545 shares of the company’s stock worth $465,000 after buying an additional 153 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Brunswick by 3.9% during the third 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. Comerica Bank grew its stake in Brunswick by 0.6% during the 1st quarter. Comerica Bank now owns 35,548 shares of the company’s stock valued at $3,431,000 after acquiring an additional 205 shares in the last quarter. Finally, CWM LLC raised 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 acquiring an additional 235 shares during the last quarter. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Brunswick Stock Down 0.1 %

Brunswick stock opened at $80.63 on Thursday. The company has a market capitalization of $5.32 billion, a PE ratio of 20.23 and a beta of 1.51. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.74 and a current ratio of 1.97. Brunswick Co. has a fifty-two week low of $69.05 and a fifty-two week high of $99.68. The firm has a 50 day moving average price of $81.90 and a 200 day moving average price of $78.76.

Brunswick Dividend Announcement

The company also recently disclosed 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 of this dividend is Wednesday, November 20th. This represents a $1.68 annualized dividend and a dividend yield of 2.08%. Brunswick’s dividend payout ratio is presently 41.79%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BC. Citigroup upped their price target on Brunswick from $92.00 to $101.00 and gave the company a “buy” rating in a research report on Friday, September 27th. B. Riley lowered Brunswick from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $95.00 to $88.00 in a report on Tuesday. Finally, Benchmark restated a “buy” rating and set a $100.00 price objective on shares of Brunswick in a research report on Friday, October 25th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Brunswick has a consensus rating of “Moderate Buy” and a consensus price target of $88.54.

Insider Buying and Selling

In other news, Director Joseph W. Mcclanathan sold 4,745 shares of the company’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $80.14, for a total transaction of $380,264.30. Following the sale, the director now owns 19,218 shares of the company’s stock, valued at approximately $1,540,130.52. This represents a 19.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David M. Foulkes sold 23,829 shares of Brunswick stock in a transaction 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 completion of the transaction, the chief executive officer now owns 251,094 shares of the company’s stock, valued at approximately $20,142,760.68. This trade represents a 8.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,940 shares of company stock valued at $2,321,176. Corporate insiders own 0.81% of the company’s stock.

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.