Brunswick Corporation $BC Shares Bought by Lightrock Netherlands B.V.

Lightrock Netherlands B.V. lifted its holdings in shares of Brunswick Corporation (NYSE:BC) by 26.1% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 515,765 shares of the company’s stock after buying an additional 106,750 shares during the period. Brunswick comprises about 6.6% of Lightrock Netherlands B.V.’s portfolio, making the stock its 2nd biggest holding. Lightrock Netherlands B.V. owned about 0.79% of Brunswick worth $28,491,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Verdence Capital Advisors LLC raised its holdings in shares of Brunswick by 3.1% during the 2nd quarter. Verdence Capital Advisors LLC now owns 6,524 shares of the company’s stock worth $360,000 after buying an additional 195 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of 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 buying an additional 206 shares in the last quarter. Voya Investment Management LLC raised its holdings in shares of Brunswick by 2.8% during the 1st quarter. Voya Investment Management LLC now owns 8,196 shares of the company’s stock worth $441,000 after buying an additional 221 shares in the last quarter. Belpointe Asset Management LLC raised its holdings in shares of Brunswick by 7.5% during the 2nd quarter. Belpointe Asset Management LLC now owns 4,695 shares of the company’s stock worth $259,000 after buying an additional 329 shares in the last quarter. Finally, Peterson Wealth Services raised its holdings in shares of Brunswick by 2.5% during the 1st quarter. Peterson Wealth Services now owns 13,599 shares of the company’s stock worth $732,000 after buying an additional 331 shares in the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

Analysts Set New Price Targets

BC has been the topic of a number of research reports. Benchmark boosted their price objective on Brunswick from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. B. Riley boosted their price objective on Brunswick from $60.00 to $70.00 and gave the stock a “neutral” rating in a research report on Monday, September 8th. Wall Street Zen lowered Brunswick from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Research lowered Brunswick from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Finally, Truist Financial boosted their price objective on Brunswick from $60.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Seven research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $72.69.

Brunswick Trading Down 0.6%

NYSE BC opened at $70.51 on Wednesday. The business’s 50-day moving average price is $64.56 and its two-hundred day moving average price is $57.97. Brunswick Corporation has a 12 month low of $41.00 and a 12 month high of $87.65. The firm has a market capitalization of $4.61 billion, a PE ratio of -19.37 and a beta of 1.36. 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 released its quarterly 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 firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.26 billion. Brunswick had a positive return on equity of 10.55% and a negative net margin of 4.60%.The business’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.17 EPS. Brunswick has set its FY 2025 guidance at 3.250-3.25 EPS. On average, analysts expect that Brunswick Corporation will post 4.19 EPS for the current year.

Brunswick Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Wednesday, November 26th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, November 26th. Brunswick’s payout ratio is currently -47.25%.

Brunswick 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.