Global Alpha Capital Management Ltd. Acquires 57,100 Shares of Brunswick Corporation $BC

Global Alpha Capital Management Ltd. grew its holdings in shares of Brunswick Corporation (NYSE:BC) by 26.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 272,028 shares of the company’s stock after acquiring an additional 57,100 shares during the quarter. Global Alpha Capital Management Ltd. owned 0.42% of Brunswick worth $15,027,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA raised its position in Brunswick by 17.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,439,526 shares of the company’s stock valued at $185,218,000 after purchasing an additional 516,970 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Brunswick by 20.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,504,407 shares of the company’s stock valued at $134,857,000 after buying an additional 420,369 shares during the last quarter. Nuveen LLC acquired a new stake in Brunswick during the 1st quarter worth approximately $12,547,000. Bank of New York Mellon Corp grew its holdings in Brunswick by 29.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 999,717 shares of the company’s stock worth $55,224,000 after acquiring an additional 228,897 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in Brunswick by 142.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 346,503 shares of the company’s stock valued at $18,659,000 after acquiring an additional 203,838 shares during the period. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BC. Truist Financial lifted their target price on Brunswick from $60.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Roth Capital set a $79.00 price objective on Brunswick and gave the stock a “buy” rating in a research note on Thursday, October 30th. Benchmark upped their target price on Brunswick from $70.00 to $75.00 and gave the company a “buy” rating in a report on Friday, October 24th. Morgan Stanley raised their price target on shares of Brunswick from $51.00 to $72.00 and gave the stock an “equal weight” rating in a report on Monday, October 27th. Finally, Zacks Research downgraded shares of Brunswick from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Seven research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $73.54.

Brunswick Stock Performance

NYSE BC opened at $65.72 on Friday. The company has a market capitalization of $4.27 billion, a PE ratio of -18.05 and a beta of 1.40. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.73 and a current ratio of 1.78. Brunswick Corporation has a 52-week low of $41.00 and a 52-week high of $87.65. The company has a 50-day simple moving average of $64.88 and a 200 day simple moving average of $59.11.

Brunswick (NYSE:BC) last announced its quarterly earnings results on Thursday, October 23rd. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the prior year, the company posted $1.17 EPS. 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. On average, research analysts predict that Brunswick Corporation will post 4.19 EPS for the current year.

Brunswick Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Wednesday, November 26th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Wednesday, November 26th. Brunswick’s payout ratio is currently -47.25%.

Brunswick 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.