Invesco Ltd. Sells 15,742 Shares of Brunswick Corporation $BC

Key Points

• Invesco Ltd. has reduced its stake in Brunswick Corporation by 9.4% in the first quarter, owning 151,356 shares worth approximately $8.15 million after selling 15,742 shares.
• Several hedge funds, including Hsbc Holdings PLC and Tower Research Capital LLC, have increased their stakes in Brunswick, highlighting a strong institutional interest in the stock.
• Brunswick announced a quarterly dividend of $0.43 per share, representing an annualized yield of 2.6%, with a high dividend payout ratio of 277.42%.

Invesco Ltd. trimmed its holdings in shares of Brunswick Corporation (NYSE:BC - Free Report) by 9.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 151,356 shares of the company's stock after selling 15,742 shares during the period. Invesco Ltd. owned about 0.23% of Brunswick worth $8,151,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Covestor Ltd increased its holdings in Brunswick by 86.2% in the 1st quarter. Covestor Ltd now owns 1,950 shares of the company's stock worth $105,000 after acquiring an additional 903 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Brunswick in the 1st quarter worth about $826,000. Deutsche Bank AG increased its holdings in Brunswick by 1.9% in the 1st quarter. Deutsche Bank AG now owns 28,563 shares of the company's stock worth $1,538,000 after acquiring an additional 532 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Brunswick by 1.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 723,748 shares of the company's stock worth $38,974,000 after acquiring an additional 8,390 shares during the last quarter. Finally, Levin Capital Strategies L.P. increased its holdings in Brunswick by 14.7% in the 1st quarter. Levin Capital Strategies L.P. now owns 104,925 shares of the company's stock worth $5,650,000 after acquiring an additional 13,421 shares during the last quarter. 99.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BC has been the subject of several recent research reports. Zacks Research lowered Brunswick from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. Wall Street Zen raised Brunswick from a "hold" rating to a "buy" rating in a report on Saturday. Roth Capital lifted their target price on Brunswick from $60.00 to $68.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. DA Davidson lifted their target price on Brunswick from $43.00 to $59.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Finally, Citigroup reaffirmed a "buy" rating on shares of Brunswick in a report on Wednesday. Seven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $68.25.

Insiders Place Their Bets

In related news, VP Christopher F. Dekker sold 2,092 shares of the business's stock in a transaction that occurred on 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 sale, the vice president owned 44,466 shares in the company, valued at $2,599,927.02. The trade was a 4.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.85% of the stock is owned by insiders.

Brunswick Price Performance

Shares of BC traded down $0.32 during trading hours on Friday, reaching $63.56. 606,288 shares of the company's stock traded hands, compared to its average volume of 793,094. The stock has a market cap of $4.15 billion, a PE ratio of 102.52 and a beta of 1.36. 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's 50 day simple moving average is $60.18 and its 200-day simple moving average is $55.54. 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 issued its quarterly earnings results 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 firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.25 billion. Brunswick had a return on equity of 10.73% and a net margin of 0.82%.The company's revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the company posted $1.80 EPS. Brunswick has set its FY 2025 guidance at 3.250-3.250 EPS. Q3 2025 guidance at 0.750-0.900 EPS. Equities analysts expect that Brunswick Corporation will post 4.19 EPS for the current year.

Brunswick Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders 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 dividend yield of 2.7%. The ex-dividend date is Wednesday, August 20th. Brunswick's dividend payout ratio (DPR) is 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.