Brunswick Corporation $BC Stock Position Raised by Northern Trust Corp

Key Points

• Northern Trust Corp increased its stake in Brunswick Corporation by 1.2% during Q1, now owning over 655,000 shares valued at approximately $35.3 million.
• Brunswick's recent earnings report showed $1.16 EPS, exceeding expectations, and a revenue of $1.45 billion, up 0.2% year-over-year.
• The company declared a quarterly dividend of $0.43 per share, indicating a yield of 2.7%, with a high dividend payout ratio of 277.42%.

Northern Trust Corp increased its position in Brunswick Corporation (NYSE:BC - Free Report) by 1.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 655,474 shares of the company's stock after buying an additional 7,464 shares during the quarter. Northern Trust Corp owned about 1.00% of Brunswick worth $35,297,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in BC. Allworth Financial LP raised its holdings in shares of Brunswick by 4,972.7% in the 1st quarter. Allworth Financial LP now owns 558 shares of the company's stock worth $30,000 after purchasing an additional 547 shares during the period. UMB Bank n.a. raised its holdings in Brunswick by 695.7% in the first quarter. UMB Bank n.a. now owns 732 shares of the company's stock valued at $39,000 after buying an additional 640 shares during the period. First Horizon Advisors Inc. raised its holdings 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 buying an additional 477 shares during the period. Signaturefd LLC lifted its position in Brunswick by 451.0% during the first quarter. Signaturefd LLC now owns 810 shares of the company's stock valued at $44,000 after buying an additional 663 shares in the last quarter. Finally, Quarry LP purchased a new stake in Brunswick during the fourth quarter worth approximately $45,000. Hedge funds and other institutional investors own 99.34% of the company's stock.

Brunswick Stock Up 2.9%

Shares of NYSE:BC traded up $1.84 during midday trading on Thursday, reaching $65.42. The company had a trading volume of 517,735 shares, compared to its average volume of 732,262. The stock has a market capitalization of $4.27 billion, a P/E ratio of 105.52 and a beta of 1.36. The stock's fifty day moving average price is $60.84 and its 200-day moving average price is $55.64. 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 one year low of $41.00 and a one year 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 for the quarter, topping the consensus estimate of $0.89 by $0.27. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.25 billion. Brunswick had a net margin of 0.82% and a return on equity of 10.73%. The company's revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.80 EPS. Brunswick has set its FY 2025 guidance at 3.250-3.250 EPS. Q3 2025 guidance at 0.750-0.900 EPS. Equities research analysts expect that Brunswick Corporation will post 4.19 earnings per share for the current fiscal year.

Brunswick Announces Dividend

The company 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. The ex-dividend date is Wednesday, August 20th. This represents a $1.72 annualized dividend and a dividend yield of 2.6%. Brunswick's dividend payout ratio (DPR) is presently 277.42%.

Insider Activity at Brunswick

In other news, VP Christopher F. Dekker sold 2,092 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $58.47, for a total value of $122,319.24. Following the completion of the sale, the vice president directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.81% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Roth Capital raised 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. Wall Street Zen upgraded Brunswick from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. DA Davidson boosted their price objective on Brunswick from $43.00 to $59.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Zacks Research downgraded Brunswick from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Finally, Robert W. Baird increased their target price on Brunswick from $56.00 to $60.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Seven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $68.25.

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.