Brunswick Corporation $BC Stock: Tectonic Advisors LLC Raises Position

Tectonic Advisors LLC increased its position in Brunswick Corporation (NYSE:BC – Free Report) by 21.8% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 75,212 shares of the company’s stock after purchasing an additional 13,476 shares during the period. Tectonic Advisors LLC’s holdings in Brunswick were worth $4,832,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hsbc Holdings PLC lifted its holdings in shares of Brunswick by 32.2% in the second quarter. Hsbc Holdings PLC now owns 90,649 shares of the company’s stock valued at $7,591,000 after purchasing an additional 22,098 shares in the last quarter. Bank of America Corp DE acquired a new stake in shares of Brunswick in the second quarter worth $27,441,000. BlackRock Inc. acquired a new position in Brunswick during the second quarter valued at $568,461,000. Public Employees Retirement System of Ohio purchased a new stake in Brunswick in the 2nd quarter worth about $1,552,000. Finally, Castleark Management LLC purchased a new stake in Brunswick in the 2nd quarter worth about $4,778,000. Institutional investors and hedge funds own 99.34% of the company’s stock.

Analysts Set New Price Targets

BC has been the subject of a number of research reports. Truist Financial decreased their price objective on Brunswick from $94.00 to $81.00 and set a “buy” rating for the company in a research report on Friday. JPMorgan Chase & Co. lowered their target price on Brunswick from $80.00 to $66.00 and set a “neutral” rating on the stock in a research note on Friday. DA Davidson reiterated a “neutral” rating and issued a $76.00 target price on shares of Brunswick in a report on Monday, August 17th. Weiss Ratings reissued a “sell (d+)” rating on shares of Brunswick in a research report on Monday, September 21st. Finally, William Blair set a $94.00 price target on shares of Brunswick in a report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $85.40.

Check Out Our Latest Report on BC

Brunswick Stock Down 3.5%

Shares of Brunswick stock traded down $2.42 on Friday, hitting $65.87. 798,562 shares of the company traded hands, compared to its average volume of 696,735. Brunswick Corporation has a 12-month low of $59.06 and a 12-month high of $90.25. The company has a quick ratio of 0.65, a current ratio of 1.45 and a debt-to-equity ratio of 1.08. The company has a market cap of $4.27 billion, a PE ratio of -50.28 and a beta of 1.38. The company has a 50-day moving average price of $69.87 and a 200 day moving average price of $76.71.

Brunswick (NYSE:BC – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.37. The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.52 billion. Brunswick had a positive return on equity of 15.28% and a negative net margin of 1.53%. Brunswick’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the company earned $0.90 earnings per share. Brunswick has set its Q3 2026 guidance at 1.200-1.400 EPS and its FY 2026 guidance at 4.350-4.750 EPS. Sell-side analysts predict that Brunswick Corporation will post 4.55 earnings per share for the current year.

Brunswick Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, November 24th will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, November 24th. Brunswick’s dividend payout ratio is presently -134.35%.

About Brunswick

(Free Report)

Brunswick Corporation (NYSE:BC) is a marine recreation company that designs, manufactures and distributes products used in boating and related recreational activities. Its portfolio includes marine propulsion systems, boats, engines, electronics, boat control systems and other components, as well as parts and accessories.

The company’s marine businesses include Mercury Marine, which produces outboard, sterndrive and inboard engines, and a range of boat brands such as Boston Whaler, Sea Ray, Bayliner, Lund, Harris and Princecraft.

See Also

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Institutional Ownership by Quarter for Brunswick (NYSE:BC)

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