Envestnet Portfolio Solutions Inc. Acquires 6,903 Shares of Brunswick Corporation $BC

Envestnet Portfolio Solutions Inc. increased its holdings in Brunswick Corporation (NYSE:BC) by 169.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,975 shares of the company’s stock after purchasing an additional 6,903 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Brunswick were worth $606,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Allworth Financial LP grew its position in shares of Brunswick by 4,972.7% in the 1st quarter. Allworth Financial LP now owns 558 shares of the company’s stock valued at $30,000 after buying an additional 547 shares during the last quarter. Geneos Wealth Management Inc. lifted 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 worth $39,000 after acquiring an additional 601 shares during the period. First Horizon Advisors Inc. lifted its stake in shares of Brunswick by 171.6% in the first quarter. First Horizon Advisors Inc. now owns 755 shares of the company’s stock worth $41,000 after acquiring an additional 477 shares during the period. Signaturefd LLC boosted its holdings in Brunswick by 451.0% in the first quarter. Signaturefd LLC now owns 810 shares of the company’s stock valued at $44,000 after acquiring an additional 663 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its position in Brunswick by 243.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 858 shares of the company’s stock valued at $47,000 after purchasing an additional 608 shares during the period. 99.34% of the stock is owned by institutional investors.

Brunswick Trading Down 0.8%

BC opened at $63.41 on Tuesday. The company has a fifty day moving average price of $63.88 and a two-hundred day moving average price of $56.96. Brunswick Corporation has a 1-year low of $41.00 and a 1-year high of $87.65. The company has a market cap of $4.14 billion, a P/E ratio of 102.28 and a beta of 1.36. The company has a current ratio of 1.68, a quick ratio of 0.70 and a debt-to-equity ratio of 1.10.

Brunswick (NYSE:BC) last released its quarterly earnings data on Thursday, July 24th. The company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.27. Brunswick had a net margin of 0.82% and a return on equity of 10.73%. The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the prior year, the firm earned $1.80 EPS. The business’s revenue was up .2% on a year-over-year basis. Brunswick has set its FY 2025 guidance at 3.250-3.250 EPS. Q3 2025 guidance at 0.750-0.900 EPS. Analysts predict that Brunswick Corporation will post 4.19 EPS for the current fiscal year.

Analysts Set New Price Targets

BC has been the topic of a number of recent analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Brunswick in a research report on Wednesday, October 8th. Roth Capital boosted their target price on shares of Brunswick from $60.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Wall Street Zen raised shares of Brunswick from a “hold” rating to a “buy” rating in a research report on Monday, September 15th. Citigroup reiterated a “buy” rating on shares of Brunswick in a report on Wednesday, August 27th. Finally, JPMorgan Chase & Co. boosted their price objective on Brunswick from $63.00 to $70.00 and gave the company a “neutral” rating in a research note on Tuesday, September 23rd. Seven equities 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 presently has a consensus rating of “Hold” and an average target price of $67.62.

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.