Brunswick Corporation $BC Shares Purchased by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Brunswick Corporation (NYSE:BC) by 7.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,876 shares of the company’s stock after buying an additional 1,103 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Brunswick were worth $932,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Parkside Financial Bank & Trust boosted its holdings in shares of Brunswick by 103.5% in the second quarter. Parkside Financial Bank & Trust now owns 702 shares of the company’s stock valued at $39,000 after acquiring an additional 357 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in Brunswick by 477.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 727 shares of the company’s stock valued at $39,000 after purchasing an additional 601 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in Brunswick by 243.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 858 shares of the company’s stock worth $47,000 after purchasing an additional 608 shares during the period. Blue Trust Inc. raised its stake in shares of Brunswick by 24.7% during the 2nd quarter. Blue Trust Inc. now owns 1,041 shares of the company’s stock worth $58,000 after buying an additional 206 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its holdings in shares of Brunswick by 41.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,067 shares of the company’s stock valued at $59,000 after buying an additional 312 shares during the period. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Analysts Set New Price Targets

BC has been the topic of a number of recent analyst reports. Robert W. Baird upped their price objective on Brunswick from $60.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. Zacks Research cut shares of Brunswick from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. Roth Capital set a $79.00 price objective on shares of Brunswick and gave the company a “buy” rating in a research note on Thursday, October 30th. Citigroup boosted their price objective on shares of Brunswick from $74.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, October 24th. Finally, Jefferies Financial Group restated a “hold” rating and set a $65.00 target price on shares of Brunswick in a research report on Thursday, October 23rd. Seven research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $73.54.

Brunswick Trading Up 8.3%

NYSE:BC opened at $64.24 on Monday. Brunswick Corporation has a 52-week low of $41.00 and a 52-week high of $87.65. The company has a quick ratio of 0.73, a current ratio of 1.78 and a debt-to-equity ratio of 1.28. The stock has a fifty day simple moving average of $64.46 and a 200-day simple moving average of $60.47. The company has a market capitalization of $4.18 billion, a PE ratio of -17.65 and a beta of 1.40.

Brunswick (NYSE:BC) last posted its earnings results on Thursday, October 23rd. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.13. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.26 billion. Brunswick had a negative net margin of 4.60% and a positive return on equity of 10.55%. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period last year, the firm posted $1.17 EPS. Brunswick has set its FY 2025 guidance at 3.250-3.25 EPS. On average, equities research analysts expect that Brunswick Corporation will post 4.19 earnings per share for the current fiscal year.

Brunswick Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Wednesday, November 26th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Wednesday, November 26th. Brunswick’s payout ratio is currently -47.25%.

Brunswick 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.