Brunswick Corporation $BC Shares Purchased by Hantz Financial Services Inc.

Hantz Financial Services Inc. lifted its position in Brunswick Corporation (NYSE:BC) by 150.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,495 shares of the company’s stock after purchasing an additional 5,706 shares during the period. Hantz Financial Services Inc.’s holdings in Brunswick were worth $525,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently added to or reduced their stakes in BC. Allworth Financial LP raised its position in Brunswick by 4,972.7% during the first quarter. Allworth Financial LP now owns 558 shares of the company’s stock worth $30,000 after acquiring an additional 547 shares during the period. Geneos Wealth Management Inc. raised its position in Brunswick by 477.0% during the first quarter. Geneos Wealth Management Inc. now owns 727 shares of the company’s stock worth $39,000 after acquiring an additional 601 shares during the period. First Horizon Advisors Inc. raised its position in Brunswick by 171.6% during the first quarter. First Horizon Advisors Inc. now owns 755 shares of the company’s stock worth $41,000 after acquiring an additional 477 shares during the period. Signaturefd LLC raised its position in Brunswick by 451.0% during the first quarter. Signaturefd LLC now owns 810 shares of the company’s stock worth $44,000 after acquiring an additional 663 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its position in Brunswick by 243.2% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 858 shares of the company’s stock worth $47,000 after acquiring an additional 608 shares during the period. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on BC shares. B. Riley upped their price objective on shares of Brunswick from $60.00 to $70.00 and gave the stock a “neutral” rating in a research report on Monday, September 8th. Citigroup upped their price objective on shares of Brunswick from $74.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. Truist Financial upped their price objective on shares of Brunswick from $60.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. DA Davidson increased their target price on shares of Brunswick from $43.00 to $59.00 and gave the company a “neutral” rating in a research report on Monday, July 28th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Brunswick in a research report on Wednesday, October 8th. Seven analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $73.54.

Brunswick Price Performance

Brunswick stock opened at $66.12 on Friday. Brunswick Corporation has a 12-month low of $41.00 and a 12-month high of $87.65. The stock has a market cap of $4.32 billion, a P/E ratio of -18.17 and a beta of 1.36. The company has a 50-day moving average price of $64.78 and a 200 day moving average price of $58.45. The company has a current ratio of 1.78, a quick ratio of 0.73 and a debt-to-equity ratio of 1.28.

Brunswick (NYSE:BC) last released its quarterly earnings data on Thursday, October 23rd. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.13. Brunswick had a negative net margin of 4.60% and a positive return on equity of 10.55%. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period last year, the business earned $1.17 earnings per share. Brunswick’s revenue was up 6.8% compared to the same quarter last year. Brunswick has set its FY 2025 guidance at 3.250-3.25 EPS. Sell-side analysts anticipate that Brunswick Corporation will post 4.19 earnings per share for the current year.

Brunswick Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Wednesday, November 26th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 2.6%. The ex-dividend date is Wednesday, November 26th. Brunswick’s dividend payout ratio (DPR) is presently -47.25%.

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.