GAMMA Investing LLC Has $189,000 Holdings in Brunswick Corporation $BC

GAMMA Investing LLC lifted its stake in Brunswick Corporation (NYSE:BC) by 167.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,414 shares of the company’s stock after acquiring an additional 2,138 shares during the period. GAMMA Investing LLC’s holdings in Brunswick were worth $189,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of BC. Massachusetts Financial Services Co. MA grew its position in Brunswick by 17.7% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,439,526 shares of the company’s stock worth $185,218,000 after purchasing an additional 516,970 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake 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 buying an additional 420,369 shares during the period. Nuveen LLC acquired a new stake in Brunswick during the first quarter worth about $12,547,000. Goldman Sachs Group Inc. increased its stake in Brunswick by 142.9% during the first 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. Finally, Hotchkis & Wiley Capital Management LLC acquired a new position in Brunswick in the 1st quarter valued at approximately $10,820,000. Institutional investors own 99.34% of the company’s stock.

Brunswick Stock Up 3.0%

BC opened at $63.58 on Monday. The firm’s 50-day simple moving average is $62.67 and its 200-day simple moving average is $56.05. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.70 and a current ratio of 1.68. Brunswick Corporation has a twelve month low of $41.00 and a twelve month high of $87.65. The firm has a market cap of $4.15 billion, a price-to-earnings ratio of 102.55 and a beta of 1.36.

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

Brunswick Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Wednesday, August 20th were given a dividend of $0.43 per share. The ex-dividend date was Wednesday, August 20th. This represents a $1.72 dividend on an annualized basis and a yield of 2.7%. Brunswick’s dividend payout ratio is 277.42%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Brunswick from $63.00 to $70.00 and gave the stock a “neutral” rating in a report on Tuesday, September 23rd. DA Davidson raised their target price on Brunswick from $43.00 to $59.00 and gave the stock a “neutral” rating in a research report on Monday, July 28th. Citigroup reiterated a “buy” rating on shares of Brunswick in a research note on Wednesday, August 27th. Roth Capital boosted their price target on shares of Brunswick from $60.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Finally, Zacks Research downgraded shares of Brunswick from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Seven investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $67.00.

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.