Hotchkis & Wiley Capital Management LLC Purchases New Stake in Brunswick Corporation $BC

Key Points

• Hotchkis & Wiley Capital Management LLC invested approximately $10.82 million to acquire 200,926 shares of Brunswick Corporation (NYSE:BC) in the first quarter, equating to 0.31% ownership of the company.
• Brunswick announced a quarterly dividend of $0.43, translating to an annual yield of 2.6%, with the payment set for September 15th.
• Analyst ratings have varied, with seven giving Brunswick a "Buy" rating and a median target price of $68.25, while Zacks Research downgraded it from "strong-buy" to "hold."

Hotchkis & Wiley Capital Management LLC purchased a new stake in Brunswick Corporation (NYSE:BC - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 200,926 shares of the company's stock, valued at approximately $10,820,000. Hotchkis & Wiley Capital Management LLC owned 0.31% of Brunswick at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Allworth Financial LP lifted its stake in Brunswick by 4,972.7% during the 1st quarter. Allworth Financial LP now owns 558 shares of the company's stock valued at $30,000 after acquiring an additional 547 shares in the last quarter. Quarry LP bought a new position in Brunswick during the 4th quarter valued at $45,000. UMB Bank n.a. lifted its stake in Brunswick by 695.7% during the 1st quarter. UMB Bank n.a. now owns 732 shares of the company's stock valued at $39,000 after acquiring an additional 640 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in Brunswick by 171.6% during the 1st quarter. First Horizon Advisors Inc. now owns 755 shares of the company's stock valued at $41,000 after acquiring an additional 477 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in Brunswick by 451.0% during the 1st quarter. Signaturefd LLC now owns 810 shares of the company's stock valued at $44,000 after acquiring an additional 663 shares in the last quarter. 99.34% of the stock is currently owned by institutional investors.

Insider Transactions at Brunswick

In related news, VP Christopher F. Dekker sold 2,092 shares of the business's 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 sale, the vice president directly owned 44,466 shares in the company, valued at approximately $2,599,927.02. The trade was a 4.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.81% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Robert W. Baird raised their price objective on Brunswick from $56.00 to $60.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Roth Capital raised their price objective on Brunswick from $60.00 to $68.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Benchmark assumed coverage on Brunswick in a research note on Monday, April 28th. They set a "buy" rating and a $70.00 price objective on the stock. Zacks Research cut Brunswick from a "strong-buy" rating to a "hold" rating in a research note on Thursday. Finally, DA Davidson lifted their target price on 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 seven have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $68.25.

Brunswick Trading Up 6.2%

NYSE BC opened at $65.9030 on Friday. The stock has a market capitalization of $4.31 billion, a price-to-earnings ratio of 106.30 and a beta of 1.28. Brunswick Corporation has a one year low of $41.00 and a one year high of $87.65. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.68 and a quick ratio of 0.70. The business's fifty day moving average is $59.31 and its 200-day moving average is $55.64.

Brunswick (NYSE:BC - Get Free Report) last announced 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. Brunswick had a return on equity of 10.73% and a net margin of 0.82%.The business had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.25 billion. During the same period in the previous year, the business posted $1.80 EPS. The firm's quarterly revenue 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 research analysts predict that Brunswick Corporation will post 4.19 EPS for the current year.

Brunswick Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Wednesday, August 20th will be paid a $0.43 dividend. 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 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.

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