Brunswick Co. (NYSE:BC) Shares Sold by Sendero Wealth Management LLC

Sendero Wealth Management LLC decreased its position in Brunswick Co. (NYSE:BC) by 65.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,360 shares of the company’s stock after selling 25,188 shares during the quarter. Sendero Wealth Management LLC’s holdings in Brunswick were worth $864,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Sei Investments Co. grew its holdings in Brunswick by 7.6% during the 2nd quarter. Sei Investments Co. now owns 221,073 shares of the company’s stock valued at $16,087,000 after purchasing an additional 15,602 shares in the last quarter. Bank of Montreal Can boosted its position in Brunswick by 20.8% in the 2nd quarter. Bank of Montreal Can now owns 40,193 shares of the company’s stock valued at $2,925,000 after buying an additional 6,922 shares during the last quarter. Global Alpha Capital Management Ltd. grew its stake in shares of Brunswick by 47.5% during the third quarter. Global Alpha Capital Management Ltd. now owns 240,128 shares of the company’s stock valued at $20,128,000 after acquiring an additional 77,340 shares in the last quarter. Lombard Odier Asset Management Europe Ltd purchased a new stake in shares of Brunswick during the second quarter worth about $4,366,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Brunswick by 7.4% in the third quarter. JPMorgan Chase & Co. now owns 1,487,773 shares of the company’s stock worth $124,705,000 after acquiring an additional 102,780 shares in the last quarter. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Brunswick Price Performance

BC opened at $67.35 on Thursday. The company has a quick ratio of 0.74, a current ratio of 1.97 and a debt-to-equity ratio of 1.17. The company’s 50-day moving average price is $73.84 and its 200 day moving average price is $76.99. Brunswick Co. has a fifty-two week low of $62.64 and a fifty-two week high of $96.65. The firm has a market cap of $4.44 billion, a price-to-earnings ratio of 16.75 and a beta of 1.54.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Citigroup raised their price objective on Brunswick from $92.00 to $101.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Benchmark reissued a “buy” rating and set a $100.00 price target on shares of Brunswick in a research report on Friday, October 25th. Stifel Nicolaus cut their price target on shares of Brunswick from $95.00 to $86.00 and set a “buy” rating on the stock in a report on Wednesday. Truist Financial decreased their price objective on shares of Brunswick from $90.00 to $85.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. Finally, B. Riley downgraded shares of Brunswick from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $95.00 to $88.00 in a research report on Tuesday, November 26th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Brunswick presently has an average rating of “Moderate Buy” and a consensus price target of $87.46.

Insider Activity

In related news, Director Joseph W. Mcclanathan sold 4,745 shares of Brunswick stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $80.14, for a total value of $380,264.30. Following the sale, the director now directly owns 19,218 shares in the company, valued at $1,540,130.52. This trade represents a 19.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David M. Foulkes sold 23,829 shares of the company’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $80.22, for a total transaction 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,940 shares of company stock valued at $2,321,176. 0.81% of the stock is currently owned by insiders.

Brunswick Company 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.