Cresset Asset Management LLC Has $224,000 Stock Position in Brunswick Corporation $BC

Cresset Asset Management LLC lessened its holdings in shares of Brunswick Corporation (NYSE:BC) by 11.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,161 shares of the company’s stock after selling 545 shares during the quarter. Cresset Asset Management LLC’s holdings in Brunswick were worth $224,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA increased its holdings in shares of Brunswick by 17.7% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,439,526 shares of the company’s stock worth $185,218,000 after acquiring an additional 516,970 shares during the last quarter. Turtle Creek Asset Management Inc. boosted its position in Brunswick by 19.7% during the fourth quarter. Turtle Creek Asset Management Inc. now owns 2,965,460 shares of the company’s stock worth $191,806,000 after purchasing an additional 488,412 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Brunswick by 20.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,504,407 shares of the company’s stock valued at $134,857,000 after purchasing an additional 420,369 shares during the last quarter. Nuveen LLC bought a new position in shares of Brunswick in the first quarter valued at about $12,547,000. Finally, Janus Henderson Group PLC lifted its stake in shares of Brunswick by 49.5% during the 4th quarter. Janus Henderson Group PLC now owns 530,251 shares of the company’s stock worth $34,296,000 after buying an additional 175,620 shares during the last quarter. 99.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on BC. DA Davidson upped their price target on shares of Brunswick from $43.00 to $59.00 and gave the company a “neutral” rating in a research note on Monday, July 28th. Zacks Research downgraded Brunswick from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Roth Capital increased their target price on Brunswick from $60.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Robert W. Baird boosted their price target on Brunswick from $56.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, May 16th. Finally, Citigroup reaffirmed a “buy” rating and issued a $68.00 price objective (up from $61.00) on shares of Brunswick in a report on Monday, June 16th. Seven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $68.25.

Brunswick Trading Down 1.2%

BC opened at $64.38 on Wednesday. The stock has a market capitalization of $4.21 billion, a price-to-earnings ratio of 103.85 and a beta of 1.28. The company has a quick ratio of 0.70, a current ratio of 1.68 and a debt-to-equity ratio of 1.10. Brunswick Corporation has a twelve month low of $41.00 and a twelve month high of $87.65. The company has a 50-day simple moving average of $59.66 and a 200 day simple moving average of $55.62.

Brunswick (NYSE:BC) last released its earnings results on Thursday, July 24th. The company reported $1.16 EPS for the quarter, beating the consensus estimate of $0.89 by $0.27. Brunswick had a net margin of 0.82% and a return on equity of 10.73%. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period last year, the firm earned $1.80 EPS. The business’s quarterly revenue was up .2% compared to the same quarter last year. Brunswick has set its FY 2025 guidance at 3.250-3.250 EPS. Q3 2025 guidance at 0.750-0.900 EPS. Analysts predict that Brunswick Corporation will post 4.19 EPS for the current fiscal year.

Brunswick Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Wednesday, August 20th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Wednesday, August 20th. Brunswick’s dividend payout ratio (DPR) is currently 277.42%.

Insider Buying and Selling at Brunswick

In other news, VP Christopher F. Dekker sold 2,092 shares of Brunswick stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $58.47, for a total value of $122,319.24. Following the transaction, the vice president owned 44,466 shares in the company, valued at approximately $2,599,927.02. This trade represents a 4.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.85% of the company’s stock.

Brunswick Company 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.