Connor Clark & Lunn Investment Management Ltd. Purchases Shares of 15,344 Brunswick Corporation $BC

Connor Clark & Lunn Investment Management Ltd. acquired a new position in Brunswick Corporation (NYSE:BC - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 15,344 shares of the company's stock, valued at approximately $826,000.

A number of other hedge funds have also added to or reduced their stakes in BC. Deutsche Bank AG lifted its holdings in shares of Brunswick by 0.6% in the 4th quarter. Deutsche Bank AG now owns 28,031 shares of the company's stock worth $1,813,000 after acquiring an additional 160 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of Brunswick by 33.3% in the 1st quarter. Fifth Third Bancorp now owns 1,078 shares of the company's stock valued at $58,000 after purchasing an additional 269 shares in the last quarter. Peterson Wealth Services grew its position in shares of Brunswick by 2.5% in the 1st quarter. Peterson Wealth Services now owns 13,599 shares of the company's stock valued at $732,000 after buying an additional 331 shares during the last quarter. Snowden Capital Advisors LLC grew its position in Brunswick by 6.4% during the 4th quarter. Snowden Capital Advisors LLC now owns 6,297 shares of the company's stock worth $407,000 after purchasing an additional 378 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Brunswick by 59.3% during the 1st quarter. GAMMA Investing LLC now owns 1,276 shares of the company's stock worth $69,000 after purchasing an additional 475 shares during the last quarter. 99.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. BMO Capital Markets reduced their price objective on shares of Brunswick from $75.00 to $65.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Benchmark began coverage on shares of Brunswick in a report on Monday, April 28th. They issued a "buy" rating and a $70.00 price objective on the stock. Robert W. Baird raised their price objective on shares of Brunswick from $56.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Citigroup reiterated a "buy" rating and issued a $68.00 price objective (up from $61.00) on shares of Brunswick in a research report on Monday, June 16th. Finally, Roth Capital raised their target price on shares of Brunswick from $60.00 to $68.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Seven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $68.25.

Brunswick Price Performance

NYSE BC traded down $0.6030 on Thursday, hitting $62.0370. 221,260 shares of the company were exchanged, compared to its average volume of 957,412. Brunswick Corporation has a 1-year low of $41.00 and a 1-year high of $87.65. The firm has a 50 day moving average of $59.01 and a two-hundred day moving average of $55.75. The company has a current ratio of 1.68, a quick ratio of 0.70 and a debt-to-equity ratio of 1.10. The company has a market cap of $4.05 billion, a P/E ratio of 100.06 and a beta of 1.28.

Brunswick (NYSE:BC - Get Free Report) last posted 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. The business had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.25 billion. Brunswick had a return on equity of 10.73% and a net margin of 0.82%.Brunswick's revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.80 EPS. 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 analysts predict that Brunswick Corporation will post 4.19 EPS for the current year.

Brunswick Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors 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 yield of 2.8%. The ex-dividend date of this dividend is Wednesday, August 20th. Brunswick's payout ratio is 277.42%.

Insider Buying and Selling

In other Brunswick news, VP Christopher F. Dekker sold 2,092 shares of Brunswick stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $58.47, for a total value of $122,319.24. Following the transaction, the vice president owned 44,466 shares in the company, valued at $2,599,927.02. The trade was a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.81% of the stock is currently owned by company insiders.

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.