Brunswick Corporation $BC is Lodge Hill Capital LLC’s 8th Largest Position

Lodge Hill Capital LLC cut its position in Brunswick Corporation (NYSE:BC) by 9.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 405,190 shares of the company’s stock after selling 40,000 shares during the quarter. Brunswick comprises about 4.3% of Lodge Hill Capital LLC’s holdings, making the stock its 8th largest position. Lodge Hill Capital LLC’s holdings in Brunswick were worth $29,482,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in BC. Massachusetts Financial Services Co. MA grew its stake in shares of Brunswick by 2.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,572,892 shares of the company’s stock worth $265,252,000 after acquiring an additional 78,228 shares during the period. Dimensional Fund Advisors LP raised its stake in Brunswick by 2.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,931,104 shares of the company’s stock valued at $213,253,000 after acquiring an additional 82,689 shares during the period. Marshall Wace LLP raised its stake in Brunswick by 30.6% in the 4th quarter. Marshall Wace LLP now owns 1,921,479 shares of the company’s stock valued at $142,651,000 after acquiring an additional 449,943 shares during the period. Deprince Race & Zollo Inc. lifted its holdings in Brunswick by 0.8% during the fourth quarter. Deprince Race & Zollo Inc. now owns 1,866,872 shares of the company’s stock valued at $138,597,000 after purchasing an additional 14,822 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in Brunswick by 23.2% during the second quarter. Alliancebernstein L.P. now owns 1,420,922 shares of the company’s stock valued at $78,492,000 after purchasing an additional 267,479 shares during the last quarter. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Analysts Set New Price Targets

BC has been the subject of a number of research reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Brunswick in a research report on Wednesday, June 24th. Wall Street Zen cut shares of Brunswick from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. DA Davidson reaffirmed a “neutral” rating and issued a $76.00 price objective on shares of Brunswick in a report on Monday, May 18th. Morgan Stanley lifted their price objective on shares of Brunswick from $82.00 to $86.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 19th. Finally, Truist Financial increased their target price on Brunswick from $93.00 to $94.00 and gave the stock a “buy” rating in a research report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Brunswick has a consensus rating of “Hold” and a consensus price target of $87.07.

Insider Transactions at Brunswick

In other Brunswick news, CEO David M. Foulkes sold 25,853 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $83.12, for a total value of $2,148,901.36. Following the sale, the chief executive officer directly owned 267,528 shares in the company, valued at $22,236,927.36. This represents a 8.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.99% of the stock is owned by corporate insiders.

Brunswick Stock Down 1.9%

BC stock opened at $80.45 on Thursday. The stock has a 50-day simple moving average of $81.28 and a two-hundred day simple moving average of $80.36. Brunswick Corporation has a twelve month low of $55.60 and a twelve month high of $90.25. The firm has a market capitalization of $5.23 billion, a PE ratio of -38.31 and a beta of 1.33. The company has a quick ratio of 0.62, a current ratio of 1.38 and a debt-to-equity ratio of 1.13.

Brunswick (NYSE:BC) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.24. Brunswick had a negative net margin of 2.47% and a positive return on equity of 13.30%. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the prior year, the firm posted $0.56 earnings per share. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. On average, equities analysts predict that Brunswick Corporation will post 4.31 EPS for the current fiscal year.

Brunswick Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Thursday, August 20th will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, August 20th. Brunswick’s dividend payout ratio is -83.81%.

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.