Brunswick Corporation $BC Stock Holdings Lifted by Wealth Enhancement Advisory Services LLC

Key Points

• Wealth Enhancement Advisory Services LLC significantly increased its holdings in Brunswick Corporation by 312.8% during the second quarter, now owning 30,337 shares valued at $1.8 million.
• Brunswick reported $1.16 earnings per share (EPS) for the last quarter, surpassing the consensus estimate of $0.89, while revenue reached $1.45 billion, exceeding expectations as well.
• The company recently announced a quarterly dividend of $0.43, resulting in a 2.7% dividend yield, with a high dividend payout ratio of 277.42%.

Wealth Enhancement Advisory Services LLC lifted its holdings in Brunswick Corporation (NYSE:BC - Free Report) by 312.8% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 30,337 shares of the company's stock after buying an additional 22,988 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Brunswick were worth $1,803,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Allworth Financial LP lifted its position in Brunswick by 4,972.7% in the 1st quarter. Allworth Financial LP now owns 558 shares of the company's stock valued at $30,000 after purchasing an additional 547 shares during the last quarter. UMB Bank n.a. lifted its position in Brunswick by 695.7% in the 1st quarter. UMB Bank n.a. now owns 732 shares of the company's stock valued at $39,000 after purchasing an additional 640 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in Brunswick by 477.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 727 shares of the company's stock valued at $39,000 after purchasing an additional 601 shares during the last quarter. First Horizon Advisors Inc. lifted its position in Brunswick by 171.6% in the 1st quarter. First Horizon Advisors Inc. now owns 755 shares of the company's stock valued at $41,000 after purchasing an additional 477 shares during the last quarter. Finally, Signaturefd LLC lifted its position in Brunswick by 451.0% in the 1st quarter. Signaturefd LLC now owns 810 shares of the company's stock valued at $44,000 after purchasing an additional 663 shares during the last quarter. 99.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on BC shares. Citigroup reiterated a "buy" rating on shares of Brunswick in a research report on Wednesday, August 27th. Roth Capital lifted their price objective on shares of Brunswick from $60.00 to $68.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Wall Street Zen raised shares of Brunswick from a "hold" rating to a "buy" rating in a research note on Monday, September 15th. DA Davidson raised their target price on shares of Brunswick from $43.00 to $59.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. Finally, Zacks Research cut shares of Brunswick from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. Seven research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $67.00.

Brunswick Stock Performance

Shares of BC opened at $64.04 on Tuesday. The firm's 50 day moving average is $62.76 and its 200-day moving average is $56.10. The stock has a market capitalization of $4.18 billion, a P/E ratio of 103.29 and a beta of 1.36. 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 12-month low of $41.00 and a 12-month high of $87.65.

Brunswick (NYSE:BC - Get Free Report) last announced its quarterly earnings data 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 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 analysts' expectations of $1.25 billion. During the same quarter in the previous year, the company posted $1.80 EPS. The business's 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. Equities research analysts anticipate that Brunswick Corporation will post 4.19 EPS for the current fiscal year.

Brunswick Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Wednesday, August 20th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Wednesday, August 20th. Brunswick's dividend payout ratio (DPR) is presently 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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