Petrus Trust Company LTA Takes Position in Brunswick Corporation $BC

Key Points

• Petrus Trust Company LTA acquired 12,318 shares of Brunswick Corporation, valued at approximately $663,000, as per their recent SEC filing.
• Brunswick Corporation's earnings per share (EPS) for the last quarter was reported at $1.16, surpassing analysts' expectations of $0.89.
• The company's recently declared quarterly dividend of $0.43 reflects a 2.6% yield with a high dividend payout ratio of 277.42%.

Petrus Trust Company LTA purchased a new position in shares of Brunswick Corporation (NYSE:BC - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 12,318 shares of the company's stock, valued at approximately $663,000.

A number of other institutional investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA boosted its holdings in Brunswick by 17.7% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,439,526 shares of the company's stock valued at $185,218,000 after acquiring an additional 516,970 shares during the period. Turtle Creek Asset Management Inc. increased its position in Brunswick by 19.7% in the 4th quarter. Turtle Creek Asset Management Inc. now owns 2,965,460 shares of the company's stock worth $191,806,000 after buying an additional 488,412 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Brunswick by 20.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,504,407 shares of the company's stock valued at $134,857,000 after acquiring an additional 420,369 shares during the period. Channing Capital Management LLC grew its stake in shares of Brunswick by 11.1% in the first quarter. Channing Capital Management LLC now owns 1,138,737 shares of the company's stock worth $61,321,000 after acquiring an additional 113,614 shares during the last quarter. Finally, Van Berkom & Associates Inc. boosted its holdings in Brunswick by 19.2% in the 1st quarter. Van Berkom & Associates Inc. now owns 971,648 shares of the company's stock valued at $52,323,000 after purchasing an additional 156,816 shares during the period. Institutional investors own 99.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Wall Street Zen cut shares of Brunswick from a "buy" rating to a "hold" rating in a research note on Sunday. DA Davidson boosted their price target on Brunswick from $43.00 to $59.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. Roth Capital increased their price objective on Brunswick from $60.00 to $68.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. B. Riley boosted their target price on shares of Brunswick from $60.00 to $70.00 and gave the company a "neutral" rating in a research note on Monday. Finally, Citigroup reiterated a "buy" rating on shares of Brunswick in a research report on Wednesday, August 27th. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $66.75.

Brunswick Trading Up 2.9%

Brunswick stock traded up $1.90 during mid-day trading on Thursday, hitting $66.62. The stock had a trading volume of 550,310 shares, compared to its average volume of 939,275. The stock has a 50-day simple moving average of $61.54 and a two-hundred day simple moving average of $55.68. The company has a current ratio of 1.68, a quick ratio of 0.70 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $4.35 billion, a PE ratio of 107.45 and a beta of 1.36. Brunswick Corporation has a 12 month low of $41.00 and a 12 month high of $87.65.

Brunswick (NYSE:BC - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.27. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.25 billion. Brunswick had a net margin of 0.82% and a return on equity of 10.73%. Brunswick's revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.80 earnings per share. Brunswick has set its FY 2025 guidance at 3.250-3.250 EPS. Q3 2025 guidance at 0.750-0.900 EPS. As a group, sell-side analysts forecast that Brunswick Corporation will post 4.19 EPS for the current year.

Brunswick Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Wednesday, August 20th will be issued a dividend of $0.43 per share. The ex-dividend date is Wednesday, August 20th. This represents a $1.72 dividend on an annualized basis and a yield of 2.6%. Brunswick's dividend payout ratio (DPR) is 277.42%.

Brunswick Company 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.