Public Sector Pension Investment Board Makes New $3.19 Million Investment in Brunswick Corporation $BC

Key Points

• The Public Sector Pension Investment Board acquired 59,297 shares of Brunswick Corporation ($BC) valued at approximately $3.19 million, now holding about 0.09% of the company.
• Brunswick's stock received mixed opinions from analysts, with a consensus target price of $68.25, while some ratings ranged from "buy" to "hold".
• The company announced a quarterly dividend of $0.43 per share, reflecting a 2.7% yield, with a payout ratio currently at 277.42%.

Public Sector Pension Investment Board purchased a new stake in Brunswick Corporation (NYSE:BC - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 59,297 shares of the company's stock, valued at approximately $3,193,000. Public Sector Pension Investment Board owned approximately 0.09% of Brunswick as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Deutsche Bank AG lifted its position in Brunswick by 0.6% in the 4th quarter. Deutsche Bank AG now owns 28,031 shares of the company's stock worth $1,813,000 after buying an additional 160 shares in the last quarter. Fifth Third Bancorp lifted its position in Brunswick by 33.3% in the 1st quarter. Fifth Third Bancorp now owns 1,078 shares of the company's stock worth $58,000 after buying an additional 269 shares in the last quarter. Peterson Wealth Services lifted its position in Brunswick by 2.5% in 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. Snowden Capital Advisors LLC lifted its position in Brunswick by 6.4% in the 4th quarter. Snowden Capital Advisors LLC now owns 6,297 shares of the company's stock worth $407,000 after buying an additional 378 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in Brunswick by 59.3% in the 1st quarter. GAMMA Investing LLC now owns 1,276 shares of the company's stock worth $69,000 after buying an additional 475 shares in the last quarter. Hedge funds and other institutional investors own 99.34% of the company's stock.

Insider Transactions at Brunswick

In related news, VP Christopher F. Dekker sold 2,092 shares of the firm's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $58.47, for a total value of $122,319.24. Following the transaction, the vice president directly owned 44,466 shares in the company, valued at approximately $2,599,927.02. This trade represents a 4.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.81% of the company's stock.

Brunswick Stock Up 6.2%

Shares of Brunswick stock traded up $3.8330 during midday trading on Friday, reaching $65.9030. 1,301,056 shares of the company's stock traded hands, compared to its average volume of 880,357. Brunswick Corporation has a 52 week low of $41.00 and a 52 week high of $87.65. The company's 50 day simple moving average is $59.31 and its 200 day simple moving average is $55.72. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.70 and a current ratio of 1.68. The company has a market cap of $4.31 billion, a price-to-earnings ratio of 106.30 and a beta of 1.28.

Brunswick (NYSE:BC - Get Free Report) last posted its earnings results on Thursday, July 24th. The company reported $1.16 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period last year, the business posted $1.80 EPS. Brunswick's revenue was up .2% compared to the same quarter last year. Brunswick has set its FY 2025 guidance at 3.250-3.250 EPS. Q3 2025 guidance at 0.750-0.900 EPS. Equities analysts expect that Brunswick Corporation will post 4.19 earnings per share for the current fiscal year.

Brunswick Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Wednesday, August 20th will be paid a $0.43 dividend. 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 presently 277.42%.

Analysts Set New Price Targets

A number of research firms have issued reports on BC. Citigroup reiterated a "buy" rating and issued a $68.00 target price (up previously from $61.00) on shares of Brunswick in a research report on Monday, June 16th. Roth Capital increased their target price on shares of Brunswick from $60.00 to $68.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Robert W. Baird raised their price target on shares of Brunswick from $56.00 to $60.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Benchmark initiated coverage on shares of Brunswick in a report on Monday, April 28th. They set a "buy" rating and a $70.00 price target on the stock. Finally, BMO Capital Markets cut their price target on shares of Brunswick from $75.00 to $65.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Seven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Brunswick presently has a consensus rating of "Moderate Buy" and an average target price of $68.25.

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.