Brunswick Corporation $BC Shares Bought by Harbor Capital Advisors Inc.

Key Points

• Harbor Capital Advisors Inc. increased its stake in Brunswick Corporation by 26.5% during the second quarter, owning a total of 26,344 shares valued at approximately $1.46 million.
• Brunswick released its earnings report indicating an EPS of $1.16 for the quarter, surpassing estimates, with revenues of $1.45 billion, marking a slight increase from the previous year.
• The company announced a quarterly dividend of $0.43 per share, reflecting an annualized dividend yield of 2.6%, with a high payout ratio of 277.42%.

Harbor Capital Advisors Inc. boosted its position in shares of Brunswick Corporation (NYSE:BC - Free Report) by 26.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,344 shares of the company's stock after buying an additional 5,526 shares during the period. Harbor Capital Advisors Inc.'s holdings in Brunswick were worth $1,455,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA boosted its stake 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 valued at $185,218,000 after buying an additional 516,970 shares during 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 valued at $134,857,000 after buying an additional 420,369 shares during the last quarter. Channing Capital Management LLC boosted its stake in Brunswick by 11.1% during the first quarter. Channing Capital Management LLC now owns 1,138,737 shares of the company's stock valued at $61,321,000 after buying an additional 113,614 shares during the last quarter. Van Berkom & Associates Inc. grew its position in Brunswick by 19.2% in 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 in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Brunswick by 0.6% in the first quarter. Bank of New York Mellon Corp now owns 770,820 shares of the company's stock worth $41,509,000 after acquiring an additional 4,311 shares in the last quarter. 99.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on BC. B. Riley lifted their price target on Brunswick from $60.00 to $70.00 and gave the stock a "neutral" rating in a research report on Monday, September 8th. DA Davidson lifted their price target on Brunswick from $43.00 to $59.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Citigroup reiterated a "buy" rating on shares of Brunswick in a research report on Wednesday, August 27th. Roth Capital lifted their price target on Brunswick from $60.00 to $68.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Finally, Wall Street Zen raised shares of Brunswick from a "hold" rating to a "buy" rating in a research note on Monday, September 15th. Seven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $66.75.

Brunswick Stock Down 0.0%

NYSE:BC traded down $0.01 during trading hours on Monday, reaching $63.34. The company's stock had a trading volume of 78,058 shares, compared to its average volume of 930,152. The company has a market capitalization of $4.14 billion, a P/E ratio of 102.11 and a beta of 1.36. Brunswick Corporation has a 12 month low of $41.00 and a 12 month 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. The stock has a 50 day moving average price of $62.30 and a two-hundred day moving average price of $55.87.

Brunswick (NYSE:BC - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported $1.16 EPS for the quarter, topping 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 company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the previous year, the firm posted $1.80 earnings per share. Brunswick's revenue for the quarter was up .2% compared to the same quarter last year. Brunswick has set its FY 2025 guidance at 3.250-3.250 EPS. Q3 2025 guidance at 0.750-0.900 EPS. Equities analysts predict that Brunswick Corporation will post 4.19 EPS for the current fiscal year.

Brunswick Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Wednesday, August 20th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Wednesday, August 20th. Brunswick's payout ratio 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.