Alliancebernstein L.P. Sells 185,176 Shares of Brunswick Corporation $BC

Alliancebernstein L.P. decreased its holdings in Brunswick Corporation (NYSE:BC - Free Report) by 13.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,153,443 shares of the company's stock after selling 185,176 shares during the quarter. Alliancebernstein L.P. owned approximately 1.76% of Brunswick worth $62,113,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of BC. Massachusetts Financial Services Co. MA grew its position in shares of Brunswick by 17.7% in the 1st 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 during the last quarter. Turtle Creek Asset Management Inc. boosted its holdings 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 boosted its holdings 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 stake in shares of Brunswick in the 1st quarter valued at $12,547,000. Finally, Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Brunswick in the 1st quarter valued at $10,820,000. Institutional investors own 99.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BC. Wall Street Zen lowered shares of Brunswick from a "buy" rating to a "hold" rating in a research note on Sunday, September 7th. Robert W. Baird upped their price target on shares of Brunswick from $56.00 to $60.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Citigroup restated a "buy" rating on shares of Brunswick in a research report on Wednesday, August 27th. Roth Capital upped their target price on Brunswick from $60.00 to $68.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Finally, Zacks Research lowered Brunswick from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Seven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Brunswick presently has a consensus rating of "Moderate Buy" and an average price target of $66.75.

Brunswick Stock Down 1.2%

NYSE:BC traded down $0.79 on Friday, hitting $65.88. The stock had a trading volume of 224,907 shares, compared to its average volume of 934,888. The business's fifty day moving average is $61.68 and its 200 day moving average is $55.71. The company has a market cap of $4.30 billion, a PE ratio of 106.16 and a beta of 1.36. 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 Corporation has a 52 week low of $41.00 and a 52 week high of $87.65.

Brunswick (NYSE:BC - Get Free Report) last issued its earnings results on Thursday, July 24th. The company reported $1.16 earnings per share (EPS) 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 analysts' expectations of $1.25 billion. During the same period last year, the business earned $1.80 EPS. Brunswick's quarterly revenue 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. On average, equities research analysts expect that Brunswick Corporation will post 4.19 EPS for the current fiscal year.

Brunswick Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Wednesday, August 20th will be paid 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 dividend payout ratio (DPR) 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.