Deprince Race & Zollo Inc. Purchases 44,431 Shares of Brunswick Corporation $BC

Deprince Race & Zollo Inc. boosted its position in Brunswick Corporation (NYSE:BC) by 2.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,852,050 shares of the company’s stock after purchasing an additional 44,431 shares during the quarter. Brunswick comprises 2.3% of Deprince Race & Zollo Inc.’s holdings, making the stock its 2nd biggest position. Deprince Race & Zollo Inc. owned approximately 2.83% of Brunswick worth $117,124,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWM LLC increased its stake in shares of Brunswick by 14.9% in the third quarter. CWM LLC now owns 43,426 shares of the company’s stock valued at $2,746,000 after purchasing an additional 5,640 shares during the period. Pacer Advisors Inc. bought a new position in Brunswick in the 3rd quarter worth approximately $23,061,000. Inspire Investing LLC increased its position in Brunswick by 2.2% in the 3rd quarter. Inspire Investing LLC now owns 8,869 shares of the company’s stock valued at $561,000 after acquiring an additional 188 shares during the period. Brighton Jones LLC bought a new stake in Brunswick during the 3rd quarter valued at $245,000. Finally, Marathon Strategic Advisors LLC bought a new stake in Brunswick during the 3rd quarter valued at $348,000. 99.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Truist Financial increased their price target on Brunswick from $60.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Seaport Res Ptn upgraded shares of Brunswick to a “strong-buy” rating in a research report on Monday, December 8th. Loop Capital began coverage on shares of Brunswick in a research report on Monday, December 22nd. They set a “hold” rating and a $74.00 price target on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Brunswick in a report on Monday, December 22nd. Finally, Wall Street Zen lowered shares of Brunswick from a “buy” rating to a “hold” rating in a research note on Sunday, December 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $73.57.

Brunswick Stock Performance

Shares of BC opened at $76.12 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.78 and a quick ratio of 0.73. The firm’s 50 day moving average is $68.71 and its 200-day moving average is $63.86. Brunswick Corporation has a 12-month low of $41.00 and a 12-month high of $76.81. The stock has a market capitalization of $4.95 billion, a P/E ratio of -20.91 and a beta of 1.37.

Brunswick (NYSE:BC) last issued its earnings results on Thursday, October 23rd. The company reported $0.97 earnings per share 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 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% compared to the same quarter last year. During the same period last year, the firm posted $1.17 earnings per share. Brunswick has set its FY 2025 guidance at 3.250-3.25 EPS. Equities research analysts anticipate that Brunswick Corporation will post 4.19 EPS for the current fiscal year.

Brunswick Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Wednesday, November 26th were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Wednesday, November 26th. Brunswick’s payout ratio is presently -47.25%.

Brunswick Company Profile

Founded in 1845 by John Moses Brunswick, Brunswick Corporation is a global leader in recreation products. Headquartered in Mettawa, Illinois, the company has evolved from its origins as a billiard table manufacturer into a diversified supplier of leisure equipment, serving both consumer and commercial markets around the world.

Brunswick operates through two primary segments: Marine and Bowling & Billiards. In its Marine segment, the company designs, manufactures and distributes recreational boats, outboard engines and aftermarket parts under recognized brands such as Sea Ray, Bayliner and Mercury Marine.