Brunswick Corporation $BC Shares Sold by Aperture Investors LLC

Aperture Investors LLC trimmed its holdings in shares of Brunswick Corporation (NYSE:BC) by 12.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 297,532 shares of the company’s stock after selling 43,033 shares during the period. Brunswick makes up approximately 2.1% of Aperture Investors LLC’s investment portfolio, making the stock its 22nd largest holding. Aperture Investors LLC owned 0.46% of Brunswick worth $16,436,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank bought a new position in Brunswick in the 2nd quarter valued at about $27,990,000. Dimensional Fund Advisors LP lifted its stake in shares of Brunswick by 20.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,504,407 shares of the company’s stock worth $134,857,000 after acquiring an additional 420,369 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Brunswick by 194.2% in the second quarter. Franklin Resources Inc. now owns 574,352 shares of the company’s stock valued at $31,727,000 after acquiring an additional 379,155 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Brunswick by 22.7% during the second quarter. American Century Companies Inc. now owns 1,472,467 shares of the company’s stock valued at $81,339,000 after acquiring an additional 272,815 shares during the period. Finally, Nuveen LLC acquired a new position in shares of Brunswick during the first quarter valued at approximately $12,547,000. 99.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BC has been the subject of a number of research analyst reports. Robert W. Baird upped their target price on Brunswick from $60.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. B. Riley upped their price objective on Brunswick from $60.00 to $70.00 and gave the company a “neutral” rating in a report on Monday, September 8th. Morgan Stanley raised their target price on Brunswick from $51.00 to $72.00 and gave the company an “equal weight” rating in a research note on Monday, October 27th. Zacks Research lowered Brunswick from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Finally, Citigroup upped their price target on shares of Brunswick from $74.00 to $82.00 and gave the company a “buy” rating in a report on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Brunswick currently has an average rating of “Hold” and an average price target of $73.54.

Brunswick Stock Up 0.3%

Shares of NYSE:BC opened at $71.51 on Wednesday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.73 and a current ratio of 1.78. The company has a market cap of $4.65 billion, a PE ratio of -19.64 and a beta of 1.37. Brunswick Corporation has a 52 week low of $41.00 and a 52 week high of $78.13. The firm has a 50 day simple moving average of $65.54 and a 200 day simple moving average of $61.91.

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

Brunswick Announces Dividend

The firm also recently declared 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 yield of 2.4%. The ex-dividend date of this dividend is Wednesday, November 26th. Brunswick’s payout ratio is presently -47.25%.

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.