Brunswick Corporation $BC is Dynamic Technology Lab Private Ltd's 8th Largest Position

Key Points

• Dynamic Technology Lab Private Ltd increased its stake in Brunswick Corporation by 478.8% in the first quarter, now holding 65,926 shares valued at approximately $3.55 million.
• Brunswick recently declared a quarterly dividend of $0.43, set to be paid on September 15th, showcasing a dividend yield of 2.6%.
• The company's stock performance is reflected in its recent earnings report, with an EPS of $1.16 exceeding analysts' expectations of $0.89.

Dynamic Technology Lab Private Ltd boosted its stake in Brunswick Corporation (NYSE:BC - Free Report) by 478.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 65,926 shares of the company's stock after purchasing an additional 54,536 shares during the quarter. Brunswick makes up 0.5% of Dynamic Technology Lab Private Ltd's investment portfolio, making the stock its 8th largest position. Dynamic Technology Lab Private Ltd owned about 0.10% of Brunswick worth $3,550,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Hudson Edge Investment Partners Inc. boosted its stake in Brunswick by 63.2% in the 1st quarter. Hudson Edge Investment Partners Inc. now owns 12,361 shares of the company's stock worth $666,000 after purchasing an additional 4,787 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Brunswick by 0.6% during the 1st quarter. Bank of New York Mellon Corp now owns 770,820 shares of the company's stock valued at $41,509,000 after acquiring an additional 4,311 shares during the last quarter. GAMMA Investing LLC boosted 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 acquiring an additional 475 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted 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 acquiring an additional 484 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its position in shares of Brunswick by 125.2% during the 1st quarter. Allianz Asset Management GmbH now owns 10,047 shares of the company's stock valued at $541,000 after acquiring an additional 5,585 shares during the last quarter. Institutional investors own 99.34% of the company's stock.

Brunswick Trading Down 0.8%

Brunswick stock traded down $0.56 during midday trading on Friday, reaching $66.11. 270,488 shares of the stock traded hands, compared to its average volume of 935,353. The company has a 50-day simple moving average of $61.68 and a two-hundred day simple moving average of $55.71. 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 firm has a market cap of $4.32 billion, a PE ratio of 106.60 and a beta of 1.36. 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 posted its earnings results on Thursday, July 24th. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.27. The firm 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%.The firm's revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business 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. Research analysts expect that Brunswick Corporation will post 4.19 earnings per share for the current fiscal year.

Brunswick Announces Dividend

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 given 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 is Wednesday, August 20th. Brunswick's payout ratio is presently 277.42%.

Analyst Ratings Changes

A number of analysts have recently issued reports on BC shares. DA Davidson lifted their price target on Brunswick from $43.00 to $59.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Robert W. Baird raised their price objective on Brunswick from $56.00 to $60.00 and gave the company a "neutral" rating in a report on Friday, May 16th. B. Riley raised their price objective on Brunswick from $60.00 to $70.00 and gave the company a "neutral" rating in a report on Monday. Zacks Research cut Brunswick from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. Finally, Citigroup reissued a "buy" rating on shares of Brunswick in a report on Wednesday, August 27th. Seven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Brunswick presently has a consensus rating of "Moderate Buy" and a consensus target price of $66.75.

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.