Brunswick Corporation $BC Shares Sold by Raymond James Financial Inc.

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. reduced its position in shares of Brunswick Corporation (NYSE:BC - Free Report) by 1.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 452,147 shares of the company's stock after selling 6,199 shares during the period. Raymond James Financial Inc. owned about 0.69% of Brunswick worth $24,348,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in BC. Massachusetts Financial Services Co. MA raised its position in shares of Brunswick by 17.7% during 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 acquiring an additional 516,970 shares in the last quarter. Turtle Creek Asset Management Inc. raised its position in shares of Brunswick by 19.7% during the 4th 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 in the last quarter. Dimensional Fund Advisors LP raised its position 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 valued at $134,857,000 after acquiring an additional 420,369 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Brunswick during the 1st quarter valued at approximately $12,547,000. Finally, Janus Henderson Group PLC raised its position in shares of Brunswick by 49.5% during the 4th quarter. Janus Henderson Group PLC now owns 530,251 shares of the company's stock valued at $34,296,000 after acquiring an additional 175,620 shares in the last quarter. 99.34% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, VP Christopher F. Dekker sold 2,092 shares of the firm's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $58.47, for a total transaction of $122,319.24. Following the completion of the transaction, the vice president owned 44,466 shares of the company's stock, valued at $2,599,927.02. This trade represents a 4.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.85% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

BC has been the topic of several research reports. Citigroup reissued a "buy" rating and set a $68.00 price target (up from $61.00) on shares of Brunswick in a research report on Monday, June 16th. Benchmark started coverage on Brunswick in a research report on Monday, April 28th. They set a "buy" rating and a $70.00 price target on the stock. Roth Capital upped their price objective on Brunswick from $60.00 to $68.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. DA Davidson upped 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. Finally, Robert W. Baird upped their price objective on Brunswick from $56.00 to $60.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Seven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $68.25.

Brunswick Trading Down 1.1%

NYSE:BC opened at $65.1630 on Tuesday. Brunswick Corporation has a 1 year low of $41.00 and a 1 year high of $87.65. The stock has a market cap of $4.26 billion, a price-to-earnings ratio of 105.10 and a beta of 1.28. The business has a fifty day moving average of $59.47 and a 200-day moving average of $55.56. 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 released its quarterly earnings results on Thursday, July 24th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $1.25 billion. During the same quarter in the prior year, the business posted $1.80 earnings per share. The company's revenue for the quarter 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. Equities analysts predict that Brunswick Corporation will post 4.19 earnings per share for the current 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 paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $1.72 annualized dividend and a yield of 2.6%. Brunswick's dividend payout ratio (DPR) is currently 277.42%.

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.

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