Corient Private Wealth LLC Buys Shares of 8,128 Brunswick Corporation $BC

Corient Private Wealth LLC bought a new stake in Brunswick Corporation (NYSE:BC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 8,128 shares of the company’s stock, valued at approximately $449,000.

Other large investors have also recently made changes to their positions in the company. Texas Permanent School Fund Corp boosted its stake in Brunswick by 39.6% during the 2nd quarter. Texas Permanent School Fund Corp now owns 45,676 shares of the company’s stock worth $2,523,000 after purchasing an additional 12,964 shares during the last quarter. State of Wyoming lifted its stake in shares of Brunswick by 250.9% in the second quarter. State of Wyoming now owns 8,026 shares of the company’s stock worth $443,000 after buying an additional 5,739 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in Brunswick by 31.9% during the second quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock worth $53,000 after acquiring an additional 232 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in Brunswick by 20.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,837 shares of the company’s stock valued at $157,000 after acquiring an additional 484 shares in the last quarter. Finally, Captrust Financial Advisors raised its holdings in Brunswick by 127.6% in the 2nd quarter. Captrust Financial Advisors now owns 16,000 shares of the company’s stock valued at $884,000 after acquiring an additional 8,971 shares during the last quarter. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

Brunswick Stock Performance

NYSE BC opened at $76.12 on Monday. The stock has a fifty day simple moving average of $68.71 and a 200-day simple moving average of $63.90. The company has a current ratio of 1.78, a quick ratio of 0.73 and a debt-to-equity ratio of 1.28. The stock has a market cap of $4.95 billion, a PE ratio of -20.91 and a beta of 1.37. Brunswick Corporation has a twelve month low of $41.00 and a twelve month high of $76.81.

Brunswick (NYSE:BC) last posted its earnings results on Thursday, October 23rd. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.13. The company had revenue of $1.36 billion for 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%. Brunswick’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.17 earnings per share. Brunswick has set its FY 2025 guidance at 3.250-3.25 EPS. Equities analysts anticipate that Brunswick Corporation will post 4.19 earnings per share for the current year.

Brunswick Announces Dividend

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 annualized dividend and a yield of 2.3%. The ex-dividend date was Wednesday, November 26th. Brunswick’s dividend payout ratio (DPR) is -47.25%.

Analysts Set New Price Targets

BC has been the subject of a number of analyst reports. Jefferies Financial Group restated a “hold” rating and issued a $65.00 price target on shares of Brunswick in a research report on Thursday, October 23rd. BMO Capital Markets boosted their price objective on Brunswick from $65.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, October 24th. Loop Capital assumed coverage on Brunswick in a research note on Monday, December 22nd. They issued a “hold” rating and a $74.00 target price for the company. Seaport Res Ptn upgraded Brunswick to a “strong-buy” rating in a report on Monday, December 8th. Finally, Roth Capital set a $79.00 price objective on shares of Brunswick and gave the company a “buy” rating in a report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Brunswick presently has a consensus rating of “Hold” and a consensus target price of $73.57.

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.