Bayforest Capital Ltd Makes New Investment in Brunswick Corporation $BC

Key Points

• Bayforest Capital Ltd has made a new investment of $496,000 in Brunswick Corporation by acquiring 9,215 shares during the first quarter.
• Brunswick Corporation recently reported earnings of $1.16 per share, exceeding estimates by $0.27, and had a quarterly revenue of $1.45 billion.
• The company announced a quarterly dividend of $0.43 per share, with a payout ratio of 277.42%, indicating potential financial strain on dividend sustainability.

Bayforest Capital Ltd purchased a new stake in Brunswick Corporation (NYSE:BC - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 9,215 shares of the company's stock, valued at approximately $496,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA lifted its stake 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 valued at $185,218,000 after buying an additional 516,970 shares in the last quarter. Turtle Creek Asset Management Inc. raised its holdings in shares of Brunswick by 19.7% in the fourth quarter. Turtle Creek Asset Management Inc. now owns 2,965,460 shares of the company's stock valued at $191,806,000 after purchasing an additional 488,412 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings 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 purchasing an additional 420,369 shares during the last quarter. Channing Capital Management LLC raised its holdings 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 valued at $61,321,000 after purchasing an additional 113,614 shares during the last quarter. Finally, Van Berkom & Associates Inc. raised its holdings in shares of Brunswick by 19.2% in the first 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 last quarter. Institutional investors own 99.34% of the company's stock.

Brunswick Stock Performance

Shares of Brunswick stock traded down $1.33 during trading on Friday, reaching $65.34. The company's stock had a trading volume of 624,113 shares, compared to its average volume of 653,296. The business's 50-day moving average price is $61.80 and its 200-day moving average price is $55.72. The firm has a market cap of $4.27 billion, a PE ratio of 105.39 and a beta of 1.36. Brunswick Corporation has a 52 week low of $41.00 and a 52 week high of $87.65. The company has a quick ratio of 0.70, a current ratio of 1.68 and a debt-to-equity ratio of 1.10.

Brunswick (NYSE:BC - Get Free Report) last announced 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. The company had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.25 billion. Brunswick had a net margin of 0.82% and a return on equity of 10.73%. Brunswick's quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous 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. Equities analysts forecast that Brunswick Corporation will post 4.19 earnings per share for the current year.

Brunswick Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Wednesday, August 20th will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Wednesday, August 20th. Brunswick's payout ratio is presently 277.42%.

Analysts Set New Price Targets

BC has been the topic of a number of recent research reports. DA Davidson lifted their price objective on shares of Brunswick from $43.00 to $59.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Citigroup reiterated a "buy" rating on shares of Brunswick in a report on Wednesday, August 27th. Wall Street Zen downgraded shares of Brunswick from a "buy" rating to a "hold" rating in a report on Sunday, September 7th. Zacks Research downgraded shares of Brunswick from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. Finally, B. Riley lifted their price objective on shares of Brunswick from $60.00 to $70.00 and gave the company a "neutral" rating in a report on Monday. Seven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $66.75.

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.