American Century Companies Inc. Sells 262,906 Shares of Brunswick Corporation $BC

Key Points

• American Century Companies Inc. reduced its stake in Brunswick Corporation by 18% by selling 262,906 shares, leaving it with 1,199,652 shares valued at $64.6 million.
• Brunswick recently announced a quarterly dividend of $0.43 per share, totaling an annualized dividend of $1.72 and a yield of 2.7%.
• Analysts have mixed ratings on Brunswick stock; while BMO Capital reduced its price target to $65, others have set targets as high as $70.

American Century Companies Inc. lessened its stake in shares of Brunswick Corporation (NYSE:BC - Free Report) by 18.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,199,652 shares of the company's stock after selling 262,906 shares during the quarter. American Century Companies Inc. owned about 1.83% of Brunswick worth $64,601,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BC. Allworth Financial LP grew its position in Brunswick by 4,972.7% during the 1st quarter. Allworth Financial LP now owns 558 shares of the company's stock worth $30,000 after purchasing an additional 547 shares in the last quarter. UMB Bank n.a. grew its position in Brunswick by 695.7% during the 1st quarter. UMB Bank n.a. now owns 732 shares of the company's stock worth $39,000 after purchasing an additional 640 shares in the last quarter. First Horizon Advisors Inc. grew its position in Brunswick by 171.6% during the 1st quarter. First Horizon Advisors Inc. now owns 755 shares of the company's stock worth $41,000 after purchasing an additional 477 shares in the last quarter. Signaturefd LLC grew its position in Brunswick by 451.0% during the 1st quarter. Signaturefd LLC now owns 810 shares of the company's stock worth $44,000 after purchasing an additional 663 shares in the last quarter. Finally, Quarry LP acquired a new stake in shares of Brunswick during the 4th quarter valued at $45,000. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. BMO Capital Markets decreased their target price on shares of Brunswick from $75.00 to $65.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Roth Capital lifted their target price on shares of Brunswick from $60.00 to $68.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Robert W. Baird lifted their target price on shares of Brunswick from $56.00 to $60.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Zacks Research lowered shares of Brunswick from a "strong-buy" rating to a "hold" rating in a research note on Thursday. Finally, Benchmark assumed coverage on shares of Brunswick in a research note on Monday, April 28th. They set a "buy" rating and a $70.00 target price for the company. Seven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Brunswick presently has a consensus rating of "Moderate Buy" and an average target price of $68.25.

Insider Buying and Selling

In related news, VP Christopher F. Dekker sold 2,092 shares of Brunswick 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 owned 44,466 shares in the company, valued at $2,599,927.02. This trade represents a 4.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.81% of the stock is owned by company insiders.

Brunswick Stock Up 6.2%

Shares of BC stock traded up $3.8330 on Friday, hitting $65.9030. The company's stock had a trading volume of 1,301,056 shares, compared to its average volume of 880,357. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.68 and a quick ratio of 0.70. Brunswick Corporation has a fifty-two week low of $41.00 and a fifty-two week high of $87.65. The firm's fifty day moving average price is $59.31 and its 200-day moving average price is $55.72. The stock has a market capitalization 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 released its quarterly earnings data on Thursday, July 24th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the previous year, the business earned $1.80 EPS. Brunswick's quarterly 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. Research analysts anticipate that Brunswick Corporation will post 4.19 EPS for the current 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 issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 2.6%. The ex-dividend date is Wednesday, August 20th. 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.