Permanent Capital Management LP Buys Shares of 11,230 Brunswick Corporation $BC

Permanent Capital Management LP purchased a new stake in Brunswick Corporation (NYSE:BC) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,230 shares of the company’s stock, valued at approximately $710,000.

Several other institutional investors and hedge funds have also made changes to their positions in BC. Deprince Race & Zollo Inc. grew its stake in Brunswick by 2.5% in the 3rd quarter. Deprince Race & Zollo Inc. now owns 1,852,050 shares of the company’s stock valued at $117,124,000 after acquiring an additional 44,431 shares during the last quarter. CWM LLC lifted its holdings 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 in the last quarter. Pacer Advisors Inc. acquired a new stake in shares of Brunswick in the third quarter valued at approximately $23,061,000. Inspire Investing LLC increased its stake in shares of Brunswick by 2.2% during the 3rd quarter. Inspire Investing LLC now owns 8,869 shares of the company’s stock worth $561,000 after purchasing an additional 188 shares in the last quarter. Finally, Brighton Jones LLC purchased a new position in shares of Brunswick during the 3rd quarter worth approximately $245,000. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

Brunswick Stock Performance

Brunswick stock opened at $76.12 on Monday. The firm has a market capitalization of $4.95 billion, a P/E ratio of -20.91 and a beta of 1.37. The stock has a fifty day moving average price of $68.71 and a 200 day moving average price of $63.90. Brunswick Corporation has a 52 week low of $41.00 and a 52 week high of $76.81. The company has a current ratio of 1.78, a quick ratio of 0.73 and a debt-to-equity ratio of 1.28.

Brunswick (NYSE:BC) last issued its quarterly 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. Brunswick had a positive return on equity of 10.55% and a negative net margin of 4.60%.The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period last year, the company earned $1.17 EPS. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. Brunswick has set its FY 2025 guidance at 3.250-3.25 EPS. Equities research analysts anticipate that Brunswick Corporation will post 4.19 earnings per share for the current year.

Brunswick Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Wednesday, November 26th were paid a dividend of $0.43 per share. The ex-dividend date of this dividend was Wednesday, November 26th. This represents a $1.72 dividend on an annualized basis and a yield of 2.3%. Brunswick’s dividend payout ratio (DPR) is currently -47.25%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Seaport Res Ptn upgraded Brunswick to a “strong-buy” rating in a report on Monday, December 8th. Morgan Stanley upped their price objective on Brunswick from $51.00 to $72.00 and gave the company an “equal weight” rating in a research report on Monday, October 27th. BMO Capital Markets lifted their price objective on Brunswick from $65.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, October 24th. Jefferies Financial Group reissued a “hold” rating and issued a $65.00 target price on shares of Brunswick in a research note on Thursday, October 23rd. Finally, Roth Capital set a $79.00 price target on shares of Brunswick and gave the stock a “buy” rating in a research note on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $73.57.

About Brunswick

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.