Aperture Investors LLC Buys 6,821 Shares of Brunswick Corporation $BC

Key Points

• Aperture Investors LLC has increased its stake in Brunswick Corporation by 2.0%, acquiring an additional 6,821 shares, bringing its total holdings to 340,565 shares worth approximately <$strong>18.34 million.
• Brunswick recently reported earnings per share (EPS) of $1.16 for the last quarter, exceeding analysts' expectations of $0.89, along with a revenue of $1.45 billion.
• The company declared a quarterly dividend of $0.43 per share, resulting in an annualized dividend yield of 2.7% and a payout ratio of 277.42%.

Aperture Investors LLC lifted its position in shares of Brunswick Corporation (NYSE:BC - Free Report) by 2.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 340,565 shares of the company's stock after acquiring an additional 6,821 shares during the period. Brunswick makes up approximately 2.3% of Aperture Investors LLC's portfolio, making the stock its 14th largest position. Aperture Investors LLC owned approximately 0.52% of Brunswick worth $18,339,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA boosted its holdings in Brunswick by 17.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,439,526 shares of the company's stock worth $185,218,000 after purchasing an additional 516,970 shares during the last quarter. Turtle Creek Asset Management Inc. grew 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 purchasing an additional 488,412 shares during the period. Dimensional Fund Advisors LP grew its position in Brunswick by 20.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,504,407 shares of the company's stock worth $134,857,000 after purchasing an additional 420,369 shares during the period. Channing Capital Management LLC grew its position in Brunswick by 11.1% in the 1st quarter. Channing Capital Management LLC now owns 1,138,737 shares of the company's stock worth $61,321,000 after purchasing an additional 113,614 shares during the period. Finally, Van Berkom & Associates Inc. grew its position in Brunswick by 19.2% in the 1st quarter. Van Berkom & Associates Inc. now owns 971,648 shares of the company's stock worth $52,323,000 after purchasing an additional 156,816 shares during the period. Institutional investors own 99.34% of the company's stock.

Brunswick Stock Performance

Shares of Brunswick stock traded up $0.22 on Wednesday, hitting $63.70. 101,564 shares of the company's stock were exchanged, compared to its average volume of 946,560. The company has a 50-day simple moving average of $60.47 and a 200-day simple moving average of $55.58. The stock has a market capitalization of $4.16 billion, a PE ratio of 102.87 and a beta of 1.36. Brunswick Corporation has a 1 year low of $41.00 and a 1 year high of $87.65. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.70 and a current ratio of 1.68.

Brunswick (NYSE:BC - Get Free Report) last released its earnings results on Thursday, July 24th. The company reported $1.16 earnings per share 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 company had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.25 billion. During the same quarter in the previous year, the company earned $1.80 EPS. Brunswick's revenue for the quarter was up .2% on a year-over-year basis. 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, equities analysts anticipate that Brunswick Corporation will post 4.19 EPS for the current year.

Brunswick Dividend Announcement

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 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 dividend yield of 2.7%. Brunswick's payout ratio is 277.42%.

Analyst Upgrades and Downgrades

BC has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Brunswick from a "hold" rating to a "buy" rating in a research report on Saturday. Robert W. Baird lifted their target price on shares of Brunswick from $56.00 to $60.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Citigroup reaffirmed a "buy" rating on shares of Brunswick in a research report on Wednesday, August 27th. DA Davidson lifted their target price on shares of Brunswick from $43.00 to $59.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Finally, Roth Capital lifted 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. Seven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat.com, Brunswick presently has a consensus rating of "Moderate Buy" and a consensus price target of $68.25.

Insider Buying and Selling at Brunswick

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 transaction of $122,319.24. Following the transaction, the vice president owned 44,466 shares in the company, valued at approximately $2,599,927.02. The trade was a 4.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.85% of the company's stock.

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.