Brunswick Corporation $BC Position Increased by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP increased its stake in Brunswick Corporation by 20.2%, acquiring an additional 420,369 shares, bringing its total ownership to approximately 3.81% of the company worth $134.85 million.
• Brunswick reported $1.16 EPS for the last quarter, exceeding the consensus estimate of $0.89, with quarterly revenue of $1.45 billion.
• The company announced a quarterly dividend of $0.43 per share, with the ex-dividend date set for August 20th, resulting in a dividend yield of 2.8%.

Dimensional Fund Advisors LP increased its position in Brunswick Corporation (NYSE:BC - Free Report) by 20.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 2,504,407 shares of the company's stock after purchasing an additional 420,369 shares during the period. Dimensional Fund Advisors LP owned 3.81% of Brunswick worth $134,857,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Massachusetts Financial Services Co. MA boosted its position in Brunswick by 17.7% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,439,526 shares of the company's stock worth $185,218,000 after purchasing an additional 516,970 shares in the last quarter. Turtle Creek Asset Management Inc. grew its holdings in Brunswick by 19.7% in 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 buying an additional 488,412 shares during the period. Nuveen LLC purchased a new stake in Brunswick in the 1st quarter valued at about $12,547,000. Janus Henderson Group PLC increased its stake in Brunswick by 49.5% during the fourth quarter. Janus Henderson Group PLC now owns 530,251 shares of the company's stock worth $34,296,000 after acquiring an additional 175,620 shares during the last quarter. Finally, Van Berkom & Associates Inc. increased its stake in Brunswick by 19.2% during the first quarter. Van Berkom & Associates Inc. now owns 971,648 shares of the company's stock worth $52,323,000 after acquiring an additional 156,816 shares during the last quarter. 99.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other Brunswick news, VP Christopher F. Dekker sold 2,092 shares of the stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $58.47, for a total transaction of $122,319.24. Following 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.85% of the stock is currently owned by corporate insiders.

Brunswick Stock Up 6.2%

NYSE BC traded up $3.8330 during mid-day trading on Friday, reaching $65.9030. 1,301,056 shares of the company's stock traded hands, compared to its average volume of 888,835. Brunswick Corporation has a 1-year low of $41.00 and a 1-year high of $87.65. The company has a fifty day simple moving average of $59.31 and a 200-day simple moving average of $55.57. 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 $4.31 billion, a price-to-earnings ratio of 106.30 and a beta of 1.28.

Brunswick (NYSE:BC - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported $1.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.89 by $0.27. Brunswick had a return on equity of 10.73% and a net margin of 0.82%.The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter last year, the firm earned $1.80 EPS. Brunswick's quarterly revenue was up .2% on a year-over-year basis. 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 research analysts expect that Brunswick Corporation will post 4.19 EPS for the current year.

Brunswick Dividend Announcement

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

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.