Savant Capital LLC Increases Position in Brunswick Corporation $BC

Savant Capital LLC lifted its position in Brunswick Corporation (NYSE:BC) by 264.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,510 shares of the company’s stock after acquiring an additional 16,335 shares during the period. Savant Capital LLC’s holdings in Brunswick were worth $1,243,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BC. Massachusetts Financial Services Co. MA grew its stake in Brunswick by 17.7% during the 1st 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 increased 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 worth $134,857,000 after buying an additional 420,369 shares during the period. Channing Capital Management LLC raised its position in Brunswick by 11.1% during the 1st quarter. Channing Capital Management LLC now owns 1,138,737 shares of the company’s stock worth $61,321,000 after buying an additional 113,614 shares during the last quarter. Copeland Capital Management LLC raised its position in Brunswick by 11.9% during the 2nd quarter. Copeland Capital Management LLC now owns 1,008,883 shares of the company’s stock worth $55,731,000 after buying an additional 107,429 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake 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 valued at $55,224,000 after acquiring an additional 228,897 shares during the period. Institutional investors and hedge funds own 99.34% of the company’s stock.

Analyst Ratings Changes

BC has been the subject of a number of research reports. Jefferies Financial Group restated a “hold” rating and set a $65.00 target price on shares of Brunswick in a research report on Thursday, October 23rd. JPMorgan Chase & Co. boosted their price objective on Brunswick from $63.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, September 23rd. Roth Capital set a $79.00 target price on Brunswick and gave the stock a “buy” rating in a report on Thursday, October 30th. Citigroup lifted their price target on Brunswick from $74.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, October 24th. Finally, Benchmark upped their price objective on Brunswick from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. Seven research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $73.54.

Brunswick Stock Up 0.8%

Shares of BC opened at $65.33 on Thursday. The firm has a market cap of $4.25 billion, a P/E ratio of -17.95 and a beta of 1.40. Brunswick Corporation has a 12 month low of $41.00 and a 12 month high of $87.65. The stock’s 50 day moving average is $64.95 and its two-hundred day moving average is $59.59. 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 announced its earnings results on Thursday, October 23rd. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.13. Brunswick had a positive return on equity of 10.55% and a negative net margin of 4.60%.The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the firm posted $1.17 EPS. The business’s revenue was up 6.8% on a year-over-year basis. Brunswick has set its FY 2025 guidance at 3.250-3.25 EPS. Analysts predict that Brunswick Corporation will post 4.19 earnings per share for the current fiscal year.

Brunswick Announces Dividend

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