Ethic Inc. Acquires Shares of 8,431 Brunswick Corporation $BC

Ethic Inc. acquired a new stake in shares of Brunswick Corporation (NYSE:BC) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 8,431 shares of the company’s stock, valued at approximately $469,000.

A number of other hedge funds also recently bought and sold shares of the company. Allianz Asset Management GmbH lifted its stake in Brunswick by 632.4% during the second quarter. Allianz Asset Management GmbH now owns 73,584 shares of the company’s stock valued at $4,065,000 after buying an additional 63,537 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. lifted its stake in Brunswick by 24.9% during the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 355,292 shares of the company’s stock valued at $19,626,000 after buying an additional 70,817 shares in the last quarter. Bayforest Capital Ltd increased its holdings in shares of Brunswick by 74.2% in the 2nd quarter. Bayforest Capital Ltd now owns 16,051 shares of the company’s stock valued at $887,000 after purchasing an additional 6,836 shares during the period. NorthRock Partners LLC acquired a new position in shares of Brunswick in the 2nd quarter valued at about $437,000. Finally, Verdence Capital Advisors LLC increased its holdings in shares of Brunswick by 3.1% in the 2nd 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. 99.34% of the stock is owned by hedge funds and other institutional investors.

Brunswick Trading Down 0.6%

NYSE:BC opened at $70.51 on Wednesday. The stock’s 50 day moving average price is $64.56 and its 200 day moving average price is $57.97. Brunswick Corporation has a 52 week low of $41.00 and a 52 week high of $87.65. The company has a market capitalization of $4.61 billion, a P/E ratio of -19.37 and a beta of 1.36. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.73 and a current ratio of 1.78.

Brunswick (NYSE:BC) last announced its earnings results on Thursday, October 23rd. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.13. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Brunswick had a positive return on equity of 10.55% and a negative net margin of 4.60%.The company’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.17 earnings per share. Brunswick has set its FY 2025 guidance at 3.250-3.25 EPS. On average, research 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 will be paid on Monday, December 15th. Stockholders of record on Wednesday, November 26th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, November 26th. Brunswick’s dividend payout ratio is currently -47.25%.

Analyst Ratings Changes

BC has been the topic of a number of research reports. Truist Financial upped their target price on Brunswick from $60.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. DA Davidson upped their target price on Brunswick from $43.00 to $59.00 and gave the company a “neutral” rating in a report on Monday, July 28th. Jefferies Financial Group reiterated a “hold” rating and issued a $65.00 target price on shares of Brunswick in a report on Thursday, October 23rd. Citigroup upped their target price on Brunswick from $74.00 to $82.00 and gave the company a “buy” rating in a report on Friday, October 24th. Finally, Wall Street Zen downgraded Brunswick from a “buy” rating to a “hold” rating in a report on Saturday. Seven analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $72.69.

About Brunswick

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.