Jump Financial LLC Raises Position in Brunswick Corporation $BC

Key Points

• Jump Financial LLC increased its stake in Brunswick Corporation by 83.0%, owning 18,827 shares valued at approximately $1,014,000 as of the latest SEC filing.
• Brunswick recently announced a quarterly dividend of $0.43 per share, representing a 2.7% yield and a payout ratio of 277.42%.
• Analyst ratings for Brunswick show a mixed outlook, with seven analysts issuing a "buy" rating while others have classified the stock as a "hold," with an average price target of $68.25.

Jump Financial LLC boosted its holdings in shares of Brunswick Corporation (NYSE:BC - Free Report) by 83.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,827 shares of the company's stock after buying an additional 8,540 shares during the period. Jump Financial LLC's holdings in Brunswick were worth $1,014,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Hotchkis & Wiley Capital Management LLC acquired a new position in Brunswick during the 1st quarter valued at about $10,820,000. Channing Capital Management LLC grew its stake in Brunswick by 11.1% during the 1st quarter. Channing Capital Management LLC now owns 1,138,737 shares of the company's stock valued at $61,321,000 after purchasing an additional 113,614 shares during the last quarter. CW Advisors LLC grew its stake in Brunswick by 62.9% during the 1st quarter. CW Advisors LLC now owns 6,671 shares of the company's stock valued at $359,000 after purchasing an additional 2,575 shares during the last quarter. EntryPoint Capital LLC purchased a new stake in Brunswick during the 1st quarter valued at about $354,000. Finally, Quantbot Technologies LP grew its stake in Brunswick by 700.5% during the 1st quarter. Quantbot Technologies LP now owns 25,560 shares of the company's stock valued at $1,376,000 after purchasing an additional 22,367 shares during the last quarter. 99.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on BC. Citigroup reiterated a "buy" rating on shares of Brunswick in a research note on Wednesday, August 27th. Robert W. Baird boosted their price target on Brunswick from $56.00 to $60.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Wall Street Zen upgraded Brunswick from a "hold" rating to a "buy" rating in a research note on Saturday. DA Davidson boosted their price target on Brunswick from $43.00 to $59.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. Finally, Zacks Research downgraded Brunswick from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. Seven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Brunswick has a consensus rating of "Moderate Buy" and an average price target of $68.25.

Brunswick Price Performance

NYSE BC traded down $0.32 during trading hours on Monday, reaching $63.56. The company's stock had a trading volume of 606,288 shares, compared to its average volume of 793,094. The firm has a market capitalization of $4.15 billion, a price-to-earnings ratio of 102.52 and a beta of 1.36. Brunswick Corporation has a 1-year low of $41.00 and a 1-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 company's 50-day moving average is $60.33 and its two-hundred day moving average is $55.53.

Brunswick (NYSE:BC - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The company reported $1.16 EPS for the quarter, beating 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 during the quarter, compared to analysts' expectations of $1.25 billion. During the same quarter last year, the firm earned $1.80 earnings per share. The business's revenue for the quarter 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. On average, equities analysts predict that Brunswick Corporation will post 4.19 EPS for the current year.

Brunswick Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Wednesday, August 20th will be issued a $0.43 dividend. The ex-dividend date is Wednesday, August 20th. This represents a $1.72 dividend on an annualized basis and a yield of 2.7%. Brunswick's dividend payout ratio (DPR) is 277.42%.

Insider Transactions at Brunswick

In other Brunswick news, VP Christopher F. Dekker sold 2,092 shares of the firm's stock in a transaction 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 sale, the vice president directly owned 44,466 shares in the company, valued at $2,599,927.02. This trade represents a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.85% of the company's stock.

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.