Brunswick Corporation $BC Stock Position Raised by SG Americas Securities LLC

SG Americas Securities LLC boosted its holdings in Brunswick Corporation (NYSE:BC) by 1,694.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,574 shares of the company’s stock after acquiring an additional 43,978 shares during the period. SG Americas Securities LLC owned about 0.07% of Brunswick worth $2,945,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BC. Inspire Investing LLC lifted its position in Brunswick by 2.2% in the 3rd quarter. Inspire Investing LLC now owns 8,869 shares of the company’s stock valued at $561,000 after purchasing an additional 188 shares during the last quarter. Verdence Capital Advisors LLC increased its stake in shares of Brunswick by 3.1% in the second quarter. Verdence Capital Advisors LLC now owns 6,524 shares of the company’s stock valued at $360,000 after purchasing an additional 195 shares during the period. Blue Trust Inc. raised its holdings in shares of Brunswick by 24.7% during the second quarter. Blue Trust Inc. now owns 1,041 shares of the company’s stock valued at $58,000 after buying an additional 206 shares during the last quarter. Voya Investment Management LLC boosted its position in shares of Brunswick by 2.8% during the first quarter. Voya Investment Management LLC now owns 8,196 shares of the company’s stock worth $441,000 after buying an additional 221 shares during the period. Finally, Geneos Wealth Management Inc. boosted its position in shares of Brunswick by 31.9% during the second quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock worth $53,000 after buying an additional 232 shares during the period. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Brunswick Price Performance

BC opened at $86.04 on Tuesday. The firm has a market capitalization of $5.60 billion, a P/E ratio of -23.64 and a beta of 1.36. The stock has a fifty day moving average of $71.39 and a 200-day moving average of $65.76. The company has a quick ratio of 0.73, a current ratio of 1.78 and a debt-to-equity ratio of 1.28. Brunswick Corporation has a 12-month low of $41.00 and a 12-month high of $88.45.

Brunswick (NYSE:BC) last issued its earnings results on Thursday, October 23rd. The company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.13. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.26 billion. Brunswick had a positive return on equity of 10.55% and a negative net margin of 4.60%.The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.17 EPS. Brunswick has set its FY 2025 guidance at 3.250-3.25 EPS. Equities analysts forecast that Brunswick Corporation will post 4.19 EPS for the current fiscal year.

Brunswick Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Wednesday, November 26th were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Wednesday, November 26th. Brunswick’s payout ratio is presently -47.25%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BC. Weiss Ratings restated a “sell (d+)” rating on shares of Brunswick in a research note on Monday, December 29th. JPMorgan Chase & Co. boosted their price target on shares of Brunswick from $63.00 to $70.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 23rd. Wall Street Zen lowered shares of Brunswick from a “buy” rating to a “hold” rating in a research note on Sunday, December 7th. Seaport Res Ptn upgraded shares of Brunswick to a “strong-buy” rating in a research note on Monday, December 8th. Finally, Citigroup boosted their target price on Brunswick from $74.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $78.00.

About Brunswick

Founded in 1845 by John Moses Brunswick, Brunswick Corporation is a global leader in recreation products. Headquartered in Mettawa, Illinois, the company has evolved from its origins as a billiard table manufacturer into a diversified supplier of leisure equipment, serving both consumer and commercial markets around the world.

Brunswick operates through two primary segments: Marine and Bowling & Billiards. In its Marine segment, the company designs, manufactures and distributes recreational boats, outboard engines and aftermarket parts under recognized brands such as Sea Ray, Bayliner and Mercury Marine.