Brunswick Corporation $BC Shares Bought by Tectonic Advisors LLC

Tectonic Advisors LLC raised its position in shares of Brunswick Corporation (NYSE:BC) by 96.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,607 shares of the company’s stock after buying an additional 30,212 shares during the period. Tectonic Advisors LLC’s holdings in Brunswick were worth $3,896,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Parkside Financial Bank & Trust lifted its stake in Brunswick by 103.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 702 shares of the company’s stock worth $39,000 after acquiring an additional 357 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in Brunswick by 477.0% during the first quarter. Geneos Wealth Management Inc. now owns 727 shares of the company’s stock worth $39,000 after purchasing an additional 601 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in Brunswick by 243.2% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 858 shares of the company’s stock worth $47,000 after purchasing an additional 608 shares during the period. Blue Trust Inc. lifted its position in shares of Brunswick by 24.7% during the second 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. Finally, First Horizon Advisors Inc. boosted its stake in shares of Brunswick by 41.3% in the second quarter. First Horizon Advisors Inc. now owns 1,067 shares of the company’s stock valued at $59,000 after purchasing an additional 312 shares during the period. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Brunswick Price Performance

Brunswick stock opened at $74.28 on Friday. 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 company has a fifty day simple moving average of $69.41 and a 200-day simple moving average of $64.30. The stock has a market cap of $4.83 billion, a P/E ratio of -20.41 and a beta of 1.36. Brunswick Corporation has a 12-month low of $41.00 and a 12-month high of $76.81.

Brunswick (NYSE:BC) last posted its quarterly earnings results on Thursday, October 23rd. The company reported $0.97 earnings per share 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 positive return on equity of 10.55% and a negative net margin of 4.60%.Brunswick’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the firm earned $1.17 earnings per share. Brunswick has set its FY 2025 guidance at 3.250-3.25 EPS. Equities analysts expect that Brunswick Corporation will post 4.19 EPS for the current fiscal year.

Brunswick Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Wednesday, November 26th were paid a dividend of $0.43 per share. The ex-dividend date was Wednesday, November 26th. This represents a $1.72 annualized dividend and a yield of 2.3%. Brunswick’s payout ratio is presently -47.25%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BC. Wall Street Zen downgraded shares of Brunswick from a “buy” rating to a “hold” rating in a research note on Sunday, December 7th. Seaport Res Ptn upgraded shares of Brunswick to a “strong-buy” rating in a research note on Monday, December 8th. JPMorgan Chase & Co. increased 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. Loop Capital started coverage on Brunswick in a report on Monday, December 22nd. They issued a “hold” rating and a $74.00 target price for the company. Finally, Roth Capital set a $79.00 price target on Brunswick and gave the stock a “buy” rating in a report on Thursday, October 30th. One 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 given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target 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.