Segment Wealth Management LLC Invests $4.80 Million in Brunswick Corporation $BC

Segment Wealth Management LLC acquired a new position in Brunswick Corporation (NYSE:BC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 86,853 shares of the company’s stock, valued at approximately $4,798,000.

A number of other institutional investors have also made changes to their positions in BC. Massachusetts Financial Services Co. MA lifted its position in shares of Brunswick by 17.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,439,526 shares of the company’s stock worth $185,218,000 after purchasing an additional 516,970 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Brunswick by 20.2% during the first quarter. Dimensional Fund Advisors LP now owns 2,504,407 shares of the company’s stock worth $134,857,000 after buying an additional 420,369 shares during the last quarter. Nuveen LLC acquired a new position in Brunswick during the first quarter worth $12,547,000. Goldman Sachs Group Inc. increased its holdings in Brunswick by 142.9% during the first quarter. Goldman Sachs Group Inc. now owns 346,503 shares of the company’s stock worth $18,659,000 after buying an additional 203,838 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC acquired a new position in Brunswick during the first quarter worth $10,820,000. Institutional investors own 99.34% of the company’s stock.

Analyst Upgrades and Downgrades

BC has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Brunswick from a “hold” rating to a “buy” rating in a report on Monday, September 15th. DA Davidson boosted their target price on shares of Brunswick from $43.00 to $59.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. Citigroup restated a “buy” rating on shares of Brunswick in a report on Wednesday, August 27th. Zacks Research downgraded shares of Brunswick from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Finally, B. Riley boosted their target price on shares of Brunswick from $60.00 to $70.00 and gave the stock a “neutral” rating in a report on Monday, September 8th. Seven investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $67.00.

Brunswick Price Performance

Shares of BC opened at $66.32 on Friday. The firm has a market capitalization of $4.33 billion, a PE ratio of 106.97 and a beta of 1.36. The company’s 50-day moving average is $62.97 and its 200-day moving average is $56.31. Brunswick Corporation has a fifty-two week low of $41.00 and a fifty-two week high of $87.65. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.68 and a quick ratio of 0.70.

Brunswick (NYSE:BC) last issued its quarterly earnings data on Thursday, July 24th. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.27. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.25 billion. Brunswick had a net margin of 0.82% and a return on equity of 10.73%. The company’s revenue was up .2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.80 earnings per share. Brunswick has set its FY 2025 guidance at 3.250-3.250 EPS. Q3 2025 guidance at 0.750-0.900 EPS. Equities analysts forecast that Brunswick Corporation will post 4.19 EPS for the current year.

Brunswick Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Wednesday, August 20th were paid a $0.43 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $1.72 annualized dividend and a dividend yield of 2.6%. Brunswick’s dividend payout ratio is 277.42%.

About Brunswick

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.