Raymond James Financial Inc. Sells 6,199 Shares of Brunswick Corporation $BC

Key Points

• Raymond James Financial Inc. has reduced its stake in Brunswick Corporation by 1.4%, now holding approximately 452,147 shares valued at $24.35 million.
• Brunswick reported a better-than-expected EPS of $1.16 for the last quarter, exceeding estimates of $0.89, and set a FY 2025 guidance of 3.250 EPS.
• The company announced a quarterly dividend of $0.43 per share, representing a yield of 2.6%, with a high dividend payout ratio of 277.42%.

Raymond James Financial Inc. lowered its position in Brunswick Corporation (NYSE:BC - Free Report) by 1.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 452,147 shares of the company's stock after selling 6,199 shares during the quarter. Raymond James Financial Inc. owned approximately 0.69% of Brunswick worth $24,348,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew 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 purchasing an additional 420,369 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in Brunswick by 493.4% in the first quarter. Caitong International Asset Management Co. Ltd now owns 3,074 shares of the company's stock valued at $166,000 after purchasing an additional 2,556 shares in the last quarter. HighTower Advisors LLC raised its holdings in Brunswick by 37.4% during the first quarter. HighTower Advisors LLC now owns 8,586 shares of the company's stock valued at $462,000 after buying an additional 2,335 shares in the last quarter. Public Sector Pension Investment Board bought a new position in Brunswick during the first quarter valued at about $3,193,000. Finally, CCM Investment Group LLC bought a new position in Brunswick during the first quarter valued at about $474,000. Hedge funds and other institutional investors own 99.34% of the company's stock.

Insider Activity

In other news, VP Christopher F. Dekker sold 2,092 shares of the business's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $58.47, for a total transaction of $122,319.24. Following the transaction, the vice president 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.85% of the company's stock.

Brunswick Stock Performance

BC stock traded down $0.32 during mid-day trading on Friday, reaching $63.56. 606,288 shares of the stock traded hands, compared to its average volume of 793,094. 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. The business has a 50-day moving average of $60.18 and a two-hundred day moving average of $55.54. The firm has a market capitalization of $4.15 billion, a PE ratio of 102.52 and a beta of 1.36.

Brunswick (NYSE:BC - Get Free Report) last released its quarterly 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. Brunswick had a net margin of 0.82% and a return on equity of 10.73%. The company had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.25 billion. During the same period in the prior year, the company earned $1.80 earnings per share. The business'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. As a group, equities analysts predict that Brunswick Corporation will post 4.19 EPS for the current fiscal year.

Brunswick Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Wednesday, August 20th will be issued a dividend of $0.43 per share. The ex-dividend date is Wednesday, August 20th. This represents a $1.72 annualized dividend and a dividend yield of 2.7%. Brunswick's payout ratio is presently 277.42%.

Wall Street Analysts Forecast Growth

BC has been the topic of several recent research reports. DA Davidson raised their target price on Brunswick from $43.00 to $59.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Zacks Research lowered Brunswick from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. Robert W. Baird raised their target price on Brunswick from $56.00 to $60.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Roth Capital raised their target price on Brunswick from $60.00 to $68.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Finally, Wall Street Zen upgraded Brunswick from a "hold" rating to a "buy" rating in a report on Saturday. Seven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $68.25.

Brunswick 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.