Hancock Whitney Corp Trims Stake in Brunswick Corporation $BC

Hancock Whitney Corp lessened its position in Brunswick Corporation (NYSE:BC - Free Report) by 43.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,946 shares of the company's stock after selling 5,257 shares during the period. Hancock Whitney Corp's holdings in Brunswick were worth $374,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BC. Allworth Financial LP lifted its stake in shares of Brunswick by 4,972.7% in the first quarter. Allworth Financial LP now owns 558 shares of the company's stock worth $30,000 after buying an additional 547 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of Brunswick by 695.7% in the first quarter. UMB Bank n.a. now owns 732 shares of the company's stock worth $39,000 after buying an additional 640 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in shares of Brunswick by 171.6% in the first quarter. First Horizon Advisors Inc. now owns 755 shares of the company's stock worth $41,000 after buying an additional 477 shares in the last quarter. Signaturefd LLC lifted its stake in shares of Brunswick by 451.0% in the first quarter. Signaturefd LLC now owns 810 shares of the company's stock worth $44,000 after buying an additional 663 shares in the last quarter. Finally, Fifth Third Bancorp lifted its stake in shares of Brunswick by 33.3% in the first quarter. Fifth Third Bancorp now owns 1,078 shares of the company's stock worth $58,000 after buying an additional 269 shares in the last quarter. Institutional investors own 99.34% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BC. Roth Capital upped their target price 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. B. Riley upped their target price on shares of Brunswick from $60.00 to $70.00 and gave the stock a "neutral" rating in a research note on Monday, September 8th. DA Davidson upped their target price 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. Zacks Research cut shares of Brunswick from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. Finally, Wall Street Zen cut shares of Brunswick from a "buy" rating to a "hold" rating in a report on Sunday, September 7th. Seven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Brunswick currently has a consensus rating of "Moderate Buy" and an average target price of $66.75.

Brunswick Stock Performance

Shares of BC traded down $1.33 during mid-day trading on Friday, hitting $65.34. 624,113 shares of the company traded hands, compared to its average volume of 653,296. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.70 and a current ratio of 1.68. The stock has a 50-day moving average price of $61.80 and a two-hundred day moving average price of $55.72. Brunswick Corporation has a 1 year low of $41.00 and a 1 year high of $87.65. The stock has a market cap of $4.27 billion, a price-to-earnings ratio of 105.39 and a beta of 1.36.

Brunswick (NYSE:BC - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $1.16 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.27. Brunswick had a net margin of 0.82% and a return on equity of 10.73%. The business had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.25 billion. During the same period in the prior year, the company earned $1.80 earnings per share. The firm's 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. Equities analysts anticipate that Brunswick Corporation will post 4.19 earnings per share for the current year.

Brunswick Announces Dividend

The firm 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 is currently 277.42%.

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.