EntryPoint Capital LLC Invests $354,000 in Brunswick Corporation $BC

Key Points

• EntryPoint Capital LLC has invested approximately $354,000 in Brunswick Corporation by acquiring 6,565 shares during the first quarter.
• Brunswick recently reported earnings of $1.16 per share, exceeding analysts' expectations of $0.89, with quarterly revenue reaching $1.45 billion.
• The company declared a quarterly dividend of $0.43 per share, reflecting an annualized dividend yield of 2.8% and a payout ratio of 277.42%.

EntryPoint Capital LLC acquired a new position in Brunswick Corporation (NYSE:BC - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,565 shares of the company's stock, valued at approximately $354,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Massachusetts Financial Services Co. MA grew its stake in shares of Brunswick by 17.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,439,526 shares of the company's stock worth $185,218,000 after acquiring an additional 516,970 shares during the last quarter. Turtle Creek Asset Management Inc. boosted its stake in Brunswick by 19.7% during the fourth quarter. Turtle Creek Asset Management Inc. now owns 2,965,460 shares of the company's stock worth $191,806,000 after buying an additional 488,412 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Brunswick by 20.2% during the first quarter. Dimensional Fund Advisors LP now owns 2,504,407 shares of the company's stock worth $134,857,000 after buying an additional 420,369 shares in the last quarter. Van Berkom & Associates Inc. boosted 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 buying an additional 156,816 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Brunswick by 0.6% during the first quarter. Bank of New York Mellon Corp now owns 770,820 shares of the company's stock worth $41,509,000 after buying an additional 4,311 shares in the last quarter. Institutional investors and hedge funds own 99.34% of the company's stock.

Brunswick Stock Down 1.0%

Shares of NYSE BC opened at $61.9920 on Friday. The stock has a market cap of $4.05 billion, a PE ratio of 99.99 and a beta of 1.28. The business has a fifty day moving average of $59.10 and a two-hundred day moving average of $55.73. Brunswick Corporation has a 52-week low of $41.00 and a 52-week high of $87.65. 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 (NYSE:BC - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.89 by $0.27. The company 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 business's revenue was up .2% on a year-over-year basis. During the same period last 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. As a group, equities research analysts expect that Brunswick Corporation will post 4.19 earnings per share for the current fiscal year.

Brunswick Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Wednesday, August 20th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Wednesday, August 20th. Brunswick's payout ratio is currently 277.42%.

Insider Activity

In related 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 completion of the transaction, the vice president directly owned 44,466 shares of the company's stock, 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 filing with the SEC, which is available through the SEC website. 0.81% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

BC has been the topic of a number of recent research reports. Roth Capital lifted their price target on shares of Brunswick from $60.00 to $68.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Jefferies Financial Group decreased their price target on shares of Brunswick from $64.00 to $45.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. BMO Capital Markets decreased their price target on shares of Brunswick from $75.00 to $65.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Citigroup reiterated a "buy" rating and set a $68.00 price target (up previously from $61.00) on shares of Brunswick in a research note on Monday, June 16th. Finally, DA Davidson lifted their price target on shares of Brunswick from $43.00 to $59.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Seven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $68.25.

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.

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