Jacobs Levy Equity Management Inc. Purchases 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. purchased a new position in shares of Brunswick Corporation (NYSE:BC - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 36,695 shares of the company's stock, valued at approximately $1,976,000. Jacobs Levy Equity Management Inc. owned approximately 0.06% of Brunswick as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA grew its holdings in Brunswick by 17.7% in the 1st 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 in the last quarter. Turtle Creek Asset Management Inc. grew its holdings in Brunswick by 19.7% in the 4th quarter. Turtle Creek Asset Management Inc. now owns 2,965,460 shares of the company's stock valued at $191,806,000 after buying an additional 488,412 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Brunswick by 20.2% in the 1st 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 in the last quarter. Channing Capital Management LLC grew its holdings in Brunswick by 11.1% in the 1st 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 in the last quarter. Finally, Van Berkom & Associates Inc. grew its holdings in Brunswick by 19.2% in the 1st quarter. Van Berkom & Associates Inc. now owns 971,648 shares of the company's stock valued at $52,323,000 after buying an additional 156,816 shares in the last quarter. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

Brunswick Trading Down 2.0%

BC traded down $1.33 during mid-day trading on Friday, hitting $65.34. 624,113 shares of the stock were exchanged, compared to its average volume of 653,296. The firm's fifty day moving average is $61.80 and its two-hundred day moving average is $55.72. Brunswick Corporation has a 1-year low of $41.00 and a 1-year high of $87.65. 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 company has a market cap of $4.27 billion, a PE ratio of 105.39 and a beta of 1.36.

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

Brunswick Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Wednesday, August 20th will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $1.72 annualized dividend and a yield of 2.6%. Brunswick's dividend payout ratio is presently 277.42%.

Analyst Ratings Changes

Several brokerages have issued reports on BC. Zacks Research cut Brunswick from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. Roth Capital upped 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. B. Riley increased their price target on Brunswick from $60.00 to $70.00 and gave the stock a "neutral" rating in a report on Monday, September 8th. Wall Street Zen downgraded Brunswick from a "buy" rating to a "hold" rating in a research report on Sunday, September 7th. Finally, Robert W. Baird raised their price objective on Brunswick from $56.00 to $60.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Brunswick presently has a consensus rating of "Moderate Buy" and a consensus 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.