Nancy E. Cooper, a director at Brunswick Corp (NYSE:BC), has sold company stock valued at approximately $28,700, according to a recent filing with the Securities and Exchange Commission. The transaction, which took place on May 1, involved the sale of 357 shares at an average price of $80.34 per share.
The sale was part of a series of transactions detailed in the filing, which also included the acquisition of 1,019 shares of Brunswick Corp stock by Cooper on April 30 at a price of $80.64 per share, amounting to a total purchase value of $82,172. Following the sale, Cooper's holdings in the company decreased to 23,211 shares.
Brunswick Corp, known for its products in the engines and turbines sector, has seen its stock fluctuate in the market, with investors closely monitoring the trading activities of the company's directors and executives for insights into the company's performance and strategic direction.
The recent transactions by Cooper are part of the routine disclosures required by company insiders, providing transparency into their trading activities in the company's stock. Such filings are closely watched by investors seeking to understand the confidence level of a company's insiders in the firm's financial health and future prospects.
Nancy Cooper's recent stock sale and acquisition are now part of the public record, offering investors a glimpse into the trading patterns of Brunswick Corp's directors. As the market processes this information, Brunswick Corp's stock continues to be traded on the New York Stock Exchange under the ticker symbol NYSE:BC.
InvestingPro Insights
Amidst the trading activities by Brunswick Corp (NYSE:BC) insiders, investors are evaluating the company's financial metrics and market performance to gain deeper insights. According to real-time data from InvestingPro, Brunswick Corp's market capitalization stands at $5.52 billion, reflecting the company's size and market value. The P/E ratio, a key indicator of a stock's valuation, is currently at an attractive 4.47, suggesting the stock may be undervalued relative to its earnings. This is further supported by the adjusted P/E ratio for the last twelve months as of Q1 2024, which is 12.71.
Moreover, Brunswick Corp's dividend yield as of the most recent data is 2.08%, coupled with a consistent track record of raising its dividend for 11 consecutive years. This consistent dividend growth, including a 5.0% increase in the last twelve months as of Q1 2024, highlights the company's commitment to returning value to shareholders.
InvestingPro Tips for Brunswick Corp indicate that management has been actively engaged in share buybacks, which can often signal confidence in the company's future prospects and a commitment to shareholder value. Additionally, the company has maintained dividend payments for an impressive 54 consecutive years, underscoring its financial stability and reliability as an income-generating investment.
For investors seeking additional insights and tips on Brunswick Corp, there are 10 more InvestingPro Tips available, which can provide further depth into the company's financial health and market potential. Interested investors can take advantage of a special offer using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro.
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