Brunswick Corporation $BC Shares Bought by Aperture Investors LLC

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

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Allworth Financial LP boosted its position in shares of 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 acquiring an additional 547 shares in the last quarter. UMB Bank n.a. raised its stake 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 acquiring an additional 640 shares in the last quarter. First Horizon Advisors Inc. lifted its position in Brunswick by 171.6% in the first quarter. First Horizon Advisors Inc. now owns 755 shares of the company's stock valued at $41,000 after acquiring an additional 477 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Brunswick by 451.0% in the 1st quarter. Signaturefd LLC now owns 810 shares of the company's stock valued at $44,000 after purchasing an additional 663 shares during the last quarter. Finally, Quarry LP acquired a new stake in shares of Brunswick in the 4th quarter valued at about $45,000. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Brunswick 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 document filed with the Securities & Exchange Commission, which is available through this link. 0.85% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Wall Street Zen upgraded shares of Brunswick from a "hold" rating to a "buy" rating in a research report on Saturday. Roth Capital boosted their target price on Brunswick from $60.00 to $68.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Citigroup reissued a "buy" rating on shares of Brunswick in a report on Wednesday. Zacks Research downgraded Brunswick from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. Finally, Robert W. Baird boosted their price objective on shares of Brunswick from $56.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Seven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $68.25.

Brunswick Trading Down 0.5%

Shares of NYSE:BC traded down $0.32 during trading on Friday, reaching $63.56. The stock had a trading volume of 606,288 shares, compared to its average volume of 793,094. The company has a quick ratio of 0.70, a current ratio of 1.68 and a debt-to-equity ratio of 1.10. The stock has a market cap of $4.15 billion, a P/E ratio of 102.52 and a beta of 1.36. The business has a fifty day moving average price of $60.18 and a 200-day moving average price of $55.54. Brunswick Corporation has a fifty-two week low of $41.00 and a fifty-two week high of $87.65.

Brunswick (NYSE:BC - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The company reported $1.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.89 by $0.27. Brunswick had a return on equity of 10.73% and a net margin of 0.82%.The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the prior year, the company posted $1.80 EPS. The business's revenue for the quarter 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. As a group, analysts anticipate that Brunswick Corporation will post 4.19 earnings per share for the current fiscal year.

Brunswick Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Wednesday, August 20th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $1.72 annualized dividend and a yield of 2.7%. Brunswick's dividend payout ratio is 277.42%.

About Brunswick

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.