Brunswick Corporation $BC Shares Bought by Copeland Capital Management LLC

Key Points

• Copeland Capital Management LLC increased its stake in Brunswick Corporation by 11.9%, owning over 1,008,000 shares worth approximately $55.7 million as of the latest SEC filing.
• Brunswick reported a net margin of 0.82% and earnings per share (EPS) of $1.16 for the latest quarter, surpassing analysts' estimates of $0.89.
• The company declared a quarterly dividend of $0.43, with an annualized yield of 2.6%, reflecting a significant payout ratio of 277.42%.

Copeland Capital Management LLC lifted its holdings in shares of Brunswick Corporation (NYSE:BC - Free Report) by 11.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,008,883 shares of the company's stock after purchasing an additional 107,429 shares during the quarter. Copeland Capital Management LLC owned about 1.54% of Brunswick worth $55,731,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in BC. Massachusetts Financial Services Co. MA lifted its position in Brunswick by 17.7% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,439,526 shares of the company's stock worth $185,218,000 after buying an additional 516,970 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Brunswick by 20.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,504,407 shares of the company's stock worth $134,857,000 after acquiring an additional 420,369 shares during the period. Nuveen LLC purchased a new position in shares of Brunswick during the 1st quarter worth about $12,547,000. Goldman Sachs Group Inc. boosted its position in shares of Brunswick by 142.9% in the first quarter. Goldman Sachs Group Inc. now owns 346,503 shares of the company's stock worth $18,659,000 after acquiring an additional 203,838 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC purchased a new stake in Brunswick in the first quarter valued at approximately $10,820,000. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Brunswick Stock Performance

Brunswick stock opened at $65.12 on Friday. The firm has a market capitalization of $4.25 billion, a PE ratio of 105.04 and a beta of 1.36. Brunswick Corporation has a one year low of $41.00 and a one year high of $87.65. The stock's 50 day moving average price is $62.86 and its 200 day moving average price is $56.24. 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 posted its quarterly earnings data 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. 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 analyst estimates of $1.25 billion. During the same quarter last year, the firm posted $1.80 earnings per share. The business's quarterly revenue 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, sell-side analysts expect that Brunswick Corporation will post 4.19 EPS for the current fiscal year.

Brunswick Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Wednesday, August 20th were issued a $0.43 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $1.72 dividend on an annualized basis and a yield of 2.6%. Brunswick's payout ratio is currently 277.42%.

Analysts Set New Price Targets

A number of research firms have weighed in on BC. DA Davidson increased their price target 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. Roth Capital increased their target price on Brunswick from $60.00 to $68.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Zacks Research downgraded Brunswick from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. B. Riley raised their price objective on Brunswick from $60.00 to $70.00 and gave the stock a "neutral" rating in a report on Monday, September 8th. Finally, Citigroup reaffirmed a "buy" rating on shares of Brunswick in a research note on Wednesday, August 27th. Seven equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $67.00.

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.

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