Massachusetts Financial Services Co. MA Increases Stock Holdings in Brunswick Corporation $BC

Massachusetts Financial Services Co. MA grew its holdings in shares of Brunswick Corporation (NYSE:BC) by 0.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,494,664 shares of the company’s stock after purchasing an additional 11,777 shares during the period. Massachusetts Financial Services Co. MA owned about 5.35% of Brunswick worth $221,003,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Horizon Corp purchased a new stake in Brunswick during the 3rd quarter worth approximately $26,000. Quent Capital LLC purchased a new stake in shares of Brunswick during the third quarter worth $38,000. Parkside Financial Bank & Trust raised its stake 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. raised its stake in shares of Brunswick by 477.0% in the first quarter. Geneos Wealth Management Inc. now owns 727 shares of the company’s stock valued at $39,000 after acquiring an additional 601 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in 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 purchasing an additional 206 shares in the last quarter. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Brunswick Stock Performance

Shares of Brunswick stock opened at $88.63 on Tuesday. The company has a quick ratio of 0.73, a current ratio of 1.78 and a debt-to-equity ratio of 1.28. Brunswick Corporation has a 52 week low of $41.00 and a 52 week high of $89.61. The firm’s 50 day moving average is $73.71 and its two-hundred day moving average is $66.84. The firm has a market capitalization of $5.76 billion, a P/E ratio of -24.35 and a beta of 1.36.

Brunswick (NYSE:BC) last issued its earnings results on Thursday, October 23rd. The company reported $0.97 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the prior year, the business posted $1.17 EPS. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. Brunswick has set its FY 2025 guidance at 3.250-3.25 EPS. Research analysts forecast that Brunswick Corporation will post 4.19 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on BC shares. Jefferies Financial Group set a $115.00 price target on Brunswick and gave the company a “buy” rating in a research report on Tuesday, January 6th. Texas Capital lowered shares of Brunswick from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Wolfe Research set a $90.00 price target on shares of Brunswick in a research note on Monday, January 12th. Seaport Res Ptn upgraded shares of Brunswick to a “strong-buy” rating in a report on Monday, December 8th. Finally, Truist Financial raised their price objective on shares of Brunswick from $60.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $79.36.

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.