Cwm LLC Boosts Stock Position in Brunswick Corporation $BC

Key Points

• Cwm LLC significantly increased its stake in Brunswick Corporation by 2,045.7% during Q2, owning about 0.06% of the company, valued at approximately $2.1 million.
• Analysts have shown a mixed outlook for Brunswick, with price targets ranging from $60 to $70, and an average rating of "Hold" from various firms including a recent upgrade to "Buy" from Wall Street Zen.
• Brunswick reported earnings of $1.16 per share, exceeding analyst estimates, while its revenue for the quarter was $1.45 billion, surpassing expectations of $1.25 billion.

Cwm LLC boosted its holdings in Brunswick Corporation (NYSE:BC - Free Report) by 2,045.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,786 shares of the company's stock after purchasing an additional 36,025 shares during the period. Cwm LLC owned about 0.06% of Brunswick worth $2,087,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in BC. GAMMA Investing LLC lifted its position in shares of Brunswick by 59.3% during the 1st quarter. GAMMA Investing LLC now owns 1,276 shares of the company's stock valued at $69,000 after buying an additional 475 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Brunswick by 7.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,349 shares of the company's stock valued at $396,000 after buying an additional 484 shares during the last quarter. Hudson Edge Investment Partners Inc. lifted its position in shares of Brunswick by 63.2% during the 1st quarter. Hudson Edge Investment Partners Inc. now owns 12,361 shares of the company's stock valued at $666,000 after buying an additional 4,787 shares during the last quarter. First Horizon Advisors Inc. lifted its position in shares of Brunswick by 171.6% during the 1st quarter. First Horizon Advisors Inc. now owns 755 shares of the company's stock valued at $41,000 after buying an additional 477 shares during the last quarter. Finally, Teacher Retirement System of Texas purchased a new position in shares of Brunswick during the 1st quarter valued at $520,000. Hedge funds and other institutional investors own 99.34% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on BC shares. Citigroup reaffirmed a "buy" rating on shares of Brunswick in a research report on Wednesday, August 27th. Truist Financial upped their price target on Brunswick from $60.00 to $68.00 and gave the company a "buy" rating in a research report on Wednesday. Zacks Research lowered Brunswick from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. JPMorgan Chase & Co. boosted their price objective on Brunswick from $63.00 to $70.00 and gave the company a "neutral" rating in a research note on Tuesday, September 23rd. Finally, Wall Street Zen upgraded Brunswick from a "hold" rating to a "buy" rating in a research note on Monday, September 15th. Seven investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $67.62.

Brunswick Stock Performance

NYSE:BC opened at $63.91 on Monday. 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 Corporation has a 52-week low of $41.00 and a 52-week high of $87.65. The firm has a market cap of $4.18 billion, a price-to-earnings ratio of 103.08 and a beta of 1.36. The business's fifty day moving average is $63.75 and its 200 day moving average is $56.84.

Brunswick (NYSE:BC - Get Free Report) last announced its earnings results 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 quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the company 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. Research analysts predict that Brunswick Corporation will post 4.19 EPS for the current year.

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.

Want to see what other hedge funds are holding BC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brunswick Corporation (NYSE:BC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.