Channing Capital Management LLC Boosts Stock Position in Brunswick Corporation $BC

Key Points

• Channing Capital Management LLC increased its holdings in Brunswick Corporation by 11.1%, owning approximately $61.32 million worth of shares, which constitutes 1.9% of its total portfolio.
• Brunswick Corporation's latest earnings report revealed an EPS of $1.16, exceeding expectations, with quarterly revenue of $1.45 billion.
• The company announced a quarterly dividend of $0.43 per share, representing an annualized dividend of $1.72 and a yield of 2.7%.

Channing Capital Management LLC raised its stake in shares of Brunswick Corporation (NYSE:BC - Free Report) by 11.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,138,737 shares of the company's stock after purchasing an additional 113,614 shares during the period. Brunswick accounts for 1.9% of Channing Capital Management LLC's holdings, making the stock its 28th biggest position. Channing Capital Management LLC owned about 1.73% of Brunswick worth $61,321,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. Allworth Financial LP lifted its stake in Brunswick by 4,972.7% in the 1st quarter. Allworth Financial LP now owns 558 shares of the company's stock worth $30,000 after purchasing an additional 547 shares in the last quarter. UMB Bank n.a. raised its stake in Brunswick by 695.7% during the first quarter. UMB Bank n.a. now owns 732 shares of the company's stock worth $39,000 after purchasing an additional 640 shares during the period. First Horizon Advisors Inc. raised its stake in Brunswick by 171.6% during the first quarter. First Horizon Advisors Inc. now owns 755 shares of the company's stock worth $41,000 after purchasing an additional 477 shares during the period. Signaturefd LLC boosted its holdings 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. Finally, Quarry LP purchased a new stake in shares of Brunswick in the 4th quarter valued at approximately $45,000. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

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 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 directly owned 44,466 shares of the company's stock, valued at approximately $2,599,927.02. The trade was a 4.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.81% of the company's stock.

Brunswick Stock Up 6.2%

BC stock traded up $3.8330 during midday trading on Friday, hitting $65.9030. The company's stock had a trading volume of 1,301,056 shares, compared to its average volume of 880,357. The firm has a 50-day simple moving average of $59.31 and a 200-day simple moving average of $55.64. The firm has a market capitalization of $4.31 billion, a P/E ratio of 106.30 and a beta of 1.28. 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 posted its quarterly earnings data on Thursday, July 24th. The company reported $1.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.89 by $0.27. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.25 billion. Brunswick had a return on equity of 10.73% and a net margin of 0.82%.The company's revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.80 earnings per share. 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 forecast that Brunswick Corporation will post 4.19 EPS for the current year.

Brunswick Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Wednesday, August 20th will be given a $0.43 dividend. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $1.72 dividend on an annualized basis and a yield of 2.6%. Brunswick's dividend payout ratio (DPR) is currently 277.42%.

Analyst Ratings Changes

Several analysts have recently commented on BC shares. Citigroup reaffirmed a "buy" rating and set a $68.00 price target (up previously from $61.00) on shares of Brunswick in a research report on Monday, June 16th. DA Davidson raised their target price on Brunswick from $43.00 to $59.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Robert W. Baird increased their price target on Brunswick from $56.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Zacks Research lowered shares of Brunswick from a "strong-buy" rating to a "hold" rating in a report on Thursday. Finally, Roth Capital upped their price objective on shares of Brunswick from $60.00 to $68.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Seven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $68.25.

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.