Bayforest Capital Ltd Acquires Shares of 9,215 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) in the first quarter, according to its most recent filing 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 hedge funds and other institutional investors also recently made changes to their positions in the business. Massachusetts Financial Services Co. MA increased 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 acquiring an additional 516,970 shares during the last quarter. Turtle Creek Asset Management Inc. increased its stake in 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 acquiring an additional 488,412 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in 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 acquiring an additional 420,369 shares during the last quarter. Nuveen LLC bought a new position in Brunswick in the first quarter valued at approximately $12,547,000. Finally, Goldman Sachs Group Inc. increased its stake in Brunswick by 142.9% in the first quarter. Goldman Sachs Group Inc. now owns 346,503 shares of the company's stock valued at $18,659,000 after acquiring an additional 203,838 shares during the last quarter. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BC. Citigroup reissued a "buy" rating on shares of Brunswick in a research note on Wednesday, August 27th. Roth Capital boosted their target price on shares of Brunswick from $60.00 to $68.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Zacks Research cut shares of Brunswick from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. DA Davidson boosted their target price on shares of Brunswick from $43.00 to $59.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Finally, Wall Street Zen raised shares of Brunswick from a "hold" rating to a "buy" rating in a research note on Monday. Seven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $66.75.

Brunswick Trading Down 0.4%

Shares of NYSE:BC traded down $0.29 during mid-day trading on Monday, reaching $64.99. 152,656 shares of the company's stock were exchanged, compared to its average volume of 932,868. The firm has a market capitalization of $4.25 billion, a price-to-earnings ratio of 104.51 and a beta of 1.36. The business's fifty day moving average price is $61.80 and its 200-day moving average price is $55.64. 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 Corporation has a twelve month low of $41.00 and a twelve month high of $87.65.

Brunswick (NYSE:BC - Get Free Report) last released its earnings results 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. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.25 billion. Brunswick had a net margin of 0.82% and a return on equity of 10.73%. Brunswick's revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $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. On average, research analysts predict that Brunswick Corporation will post 4.19 EPS 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 issued a $0.43 dividend. The ex-dividend date is Wednesday, August 20th. This represents a $1.72 annualized dividend and a yield of 2.6%. Brunswick's payout ratio is presently 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.