Jacobs Levy Equity Management Inc. Acquires Shares of 36,695 Brunswick Corporation $BC

Key Points

• Jacobs Levy Equity Management Inc. has acquired 36,695 shares of Brunswick Corporation, valued at approximately $1,976,000, indicating a growing institutional interest in the stock.
• Brunswick recently reported earnings of $1.16 per share, exceeding expectations, and set its FY 2025 guidance at 3.250 EPS, reflecting a cautious outlook amid a slight revenue increase.
• The company announced a quarterly dividend of $0.43 per share, with a dividend yield of 2.7%, which is noted amidst a high dividend payout ratio of 277.42%.

Jacobs Levy Equity Management Inc. bought a new position in Brunswick Corporation (NYSE:BC - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 36,695 shares of the company's stock, valued at approximately $1,976,000. Jacobs Levy Equity Management Inc. owned about 0.06% of Brunswick at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Allworth Financial LP boosted its stake in shares of Brunswick by 4,972.7% during the 1st quarter. Allworth Financial LP now owns 558 shares of the company's stock worth $30,000 after acquiring an additional 547 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of Brunswick by 695.7% during the 1st quarter. UMB Bank n.a. now owns 732 shares of the company's stock worth $39,000 after acquiring an additional 640 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in shares of Brunswick by 171.6% during the 1st quarter. First Horizon Advisors Inc. now owns 755 shares of the company's stock worth $41,000 after acquiring an additional 477 shares in the last quarter. Signaturefd LLC boosted its stake in shares of Brunswick by 451.0% during the 1st quarter. Signaturefd LLC now owns 810 shares of the company's stock worth $44,000 after acquiring an additional 663 shares in the last quarter. Finally, Fifth Third Bancorp boosted its stake in shares of Brunswick by 33.3% during the 1st quarter. Fifth Third Bancorp now owns 1,078 shares of the company's stock worth $58,000 after acquiring an additional 269 shares in the last quarter. 99.34% of the stock is owned by institutional investors and hedge funds.

Brunswick Stock Performance

Shares of NYSE:BC traded up $0.23 during trading on Tuesday, hitting $65.63. 642,115 shares of the stock were exchanged, compared to its average volume of 656,558. Brunswick Corporation has a 1-year low of $41.00 and a 1-year high of $87.65. The company has a market capitalization of $4.29 billion, a price-to-earnings ratio of 105.85 and a beta of 1.36. The company's fifty day simple moving average is $62.07 and its 200-day simple moving average is $55.74. 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 posted its earnings results on Thursday, July 24th. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $0.89 by $0.27. The business 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%.Brunswick's revenue was up .2% on a year-over-year basis. During the same quarter last year, the company earned $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. Sell-side analysts expect that Brunswick Corporation will post 4.19 EPS for the current fiscal year.

Brunswick Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Wednesday, August 20th were given a $0.43 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $1.72 annualized dividend and a yield of 2.6%. Brunswick's payout ratio is presently 277.42%.

Wall Street Analysts Forecast Growth

BC has been the subject of several recent analyst reports. Zacks Research downgraded Brunswick from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. DA Davidson upped their price target on Brunswick from $43.00 to $59.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Wall Street Zen upgraded Brunswick from a "hold" rating to a "buy" rating in a research note on Monday. B. Riley upped their price target on Brunswick from $60.00 to $70.00 and gave the stock a "neutral" rating in a research note on Monday, September 8th. Finally, Roth Capital increased their target price on Brunswick from $60.00 to $68.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Seven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $66.75.

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.