Advisors Asset Management Inc. Has $299,000 Stock Position in Brunswick Co. (NYSE:BC)

Advisors Asset Management Inc. lowered its stake in Brunswick Co. (NYSE:BCGet Rating) by 26.4% during the second quarter, Holdings Channel reports. The firm owned 4,580 shares of the company’s stock after selling 1,640 shares during the period. Advisors Asset Management Inc.’s holdings in Brunswick were worth $299,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Savant Capital LLC increased its position in shares of Brunswick by 2.2% in 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 during the period. Los Angeles Capital Management LLC increased its position in shares of Brunswick by 2.8% in the first quarter. Los Angeles Capital Management LLC now owns 5,153 shares of the company’s stock worth $417,000 after purchasing an additional 138 shares during the period. KBC Group NV increased its position in shares of Brunswick by 2.2% in the first quarter. KBC Group NV now owns 6,367 shares of the company’s stock worth $515,000 after purchasing an additional 140 shares during the period. Bridgewater Advisors Inc. increased its position in shares of Brunswick by 1.0% in the second quarter. Bridgewater Advisors Inc. now owns 14,403 shares of the company’s stock worth $942,000 after purchasing an additional 149 shares during the period. Finally, Citizens Financial Group Inc RI increased its position in shares of Brunswick by 3.1% in the second quarter. Citizens Financial Group Inc RI now owns 4,945 shares of the company’s stock worth $323,000 after purchasing an additional 149 shares during the period. Institutional investors own 93.32% of the company’s stock.

Brunswick Stock Performance

NYSE:BC opened at $73.04 on Monday. The stock has a market cap of $5.30 billion, a P/E ratio of 8.76 and a beta of 1.58. The company has a current ratio of 1.88, a quick ratio of 0.84 and a debt-to-equity ratio of 1.21. The stock’s 50-day moving average is $70.13 and its 200-day moving average is $72.73. Brunswick Co. has a 1-year low of $61.89 and a 1-year high of $103.43.

Brunswick Announces Dividend

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 paid a $0.365 dividend. This represents a $1.46 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend is Tuesday, November 22nd. Brunswick’s dividend payout ratio is currently 17.51%.

Analyst Ratings Changes

A number of brokerages recently commented on BC. Robert W. Baird decreased their price target on Brunswick from $120.00 to $100.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. JPMorgan Chase & Co. decreased their target price on Brunswick from $110.00 to $100.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 26th. StockNews.com cut Brunswick from a “buy” rating to a “hold” rating in a research report on Friday, October 7th. Truist Financial decreased their target price on Brunswick from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Wednesday, October 5th. Finally, Citigroup decreased their target price on Brunswick from $106.00 to $104.00 in a research report on Friday, October 28th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Brunswick presently has a consensus rating of “Moderate Buy” and an average target price of $97.38.

About Brunswick

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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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