KLP Kapitalforvaltning AS Purchases 1,000 Shares of Brunswick Corporation $BC

KLP Kapitalforvaltning AS boosted its stake in shares of Brunswick Corporation (NYSE:BC) by 7.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,700 shares of the company’s stock after acquiring an additional 1,000 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Brunswick were worth $757,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Belpointe Asset Management LLC increased its stake in shares of Brunswick by 7.5% in the second quarter. Belpointe Asset Management LLC now owns 4,695 shares of the company’s stock valued at $259,000 after buying an additional 329 shares in the last quarter. Sendero Wealth Management LLC increased its position in Brunswick by 3.5% in the second quarter. Sendero Wealth Management LLC now owns 53,513 shares of the company’s stock worth $2,956,000 after purchasing an additional 1,827 shares during the period. Simplicity Wealth LLC bought a new position in Brunswick during the second quarter worth about $348,000. QRG Capital Management Inc. boosted its holdings in Brunswick by 37.6% during the second quarter. QRG Capital Management Inc. now owns 28,154 shares of the company’s stock worth $1,555,000 after buying an additional 7,698 shares during the last quarter. Finally, Segment Wealth Management LLC bought a new position in shares of Brunswick during the 2nd quarter valued at about $4,798,000. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Brunswick Price Performance

Brunswick stock opened at $62.51 on Friday. 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 52 week low of $41.00 and a 52 week high of $87.65. The stock has a market capitalization of $4.08 billion, a P/E ratio of 100.82 and a beta of 1.36. The stock has a fifty day moving average of $63.61 and a 200-day moving average of $56.70.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Brunswick in a research report on Wednesday, October 8th. Citigroup reaffirmed a “buy” rating on shares of Brunswick in a research report on Wednesday, August 27th. JPMorgan Chase & Co. boosted their target price on Brunswick from $63.00 to $70.00 and gave the stock a “neutral” rating in a report on Tuesday, September 23rd. Roth Capital boosted their price target on Brunswick from $60.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Finally, Zacks Research downgraded Brunswick from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Seven equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, Brunswick currently has a consensus rating of “Hold” and an average price target of $67.62.

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.