Keeley Teton Advisors LLC Grows Position in Brunswick Corporation $BC

Key Points

• Keeley Teton Advisors LLC increased its stake in Brunswick Corporation by 26.6%, owning approximately $3.01 million worth of shares as of the end of the last quarter.
• Brunswick reported earnings of $1.16 per share, exceeding expectations, and has set a fiscal year 2025 guidance of 3.25 EPS.
• The company announced a quarterly dividend of $0.43 per share, representing a 2.6% yield, with a notably high dividend payout ratio of 277.42%.

Keeley Teton Advisors LLC increased its stake in Brunswick Corporation (NYSE:BC - Free Report) by 26.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,969 shares of the company's stock after buying an additional 11,753 shares during the period. Keeley Teton Advisors LLC owned 0.09% of Brunswick worth $3,014,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in BC. Allworth Financial LP increased its position 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 purchasing an additional 547 shares during the period. UMB Bank n.a. increased its position 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 purchasing an additional 640 shares during the period. First Horizon Advisors Inc. increased its position 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 purchasing an additional 477 shares during the period. Signaturefd LLC increased its position 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 purchasing an additional 663 shares during the period. Finally, Quarry LP bought a new stake in shares of Brunswick in the 4th quarter valued at about $45,000. Hedge funds and other institutional investors own 99.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BC. Robert W. Baird raised their price target on shares of Brunswick from $56.00 to $60.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Citigroup restated a "buy" rating on shares of Brunswick in a report on Wednesday. Zacks Research cut shares of Brunswick from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. DA Davidson lifted their target price on shares of Brunswick from $43.00 to $59.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Finally, Roth Capital lifted their target price on shares of Brunswick from $60.00 to $68.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Seven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $68.25.

Brunswick Stock Performance

NYSE BC traded down $0.32 on Friday, hitting $63.56. 606,288 shares of the company's stock traded hands, compared to its average volume of 820,688. The company has a current ratio of 1.68, a quick ratio of 0.70 and a debt-to-equity ratio of 1.10. Brunswick Corporation has a 1-year low of $41.00 and a 1-year high of $87.65. The firm's 50-day moving average price is $60.18 and its two-hundred day moving average price is $55.61. The firm has a market capitalization of $4.15 billion, a PE ratio of 102.52 and a beta of 1.28.

Brunswick (NYSE:BC - Get Free Report) last posted its earnings results on Thursday, July 24th. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.27. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.25 billion. Brunswick had a net margin of 0.82% and a return on equity of 10.73%. The business's quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the firm 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. As a group, analysts expect that Brunswick Corporation will post 4.19 EPS for the current year.

Brunswick Announces Dividend

The business also recently declared 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. This represents a $1.72 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Wednesday, August 20th. Brunswick's payout ratio is presently 277.42%.

Insider Buying and Selling

In related news, VP Christopher F. Dekker sold 2,092 shares of the business's stock in a transaction on Wednesday, June 11th. The shares were 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 of the company's stock, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.81% of the company's stock.

Brunswick 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.