Lodge Hill Capital LLC Boosts Stock Holdings in Brunswick Corporation $BC

Key Points

• Lodge Hill Capital LLC increased its stake in Brunswick Corporation by 22.3% in Q1, now holding approximately 0.74% of the company, worth about $26.3 million.
• Brunswick Corporation reported earnings of $1.16 per share for the last quarter, surpassing analysts' expectations by $0.27 and achieving revenue of $1.45 billion.
• The company has announced a quarterly dividend of $0.43 per share, which will be paid on September 15th, reflecting a 2.6% yield despite a payout ratio of 277.42%.

Lodge Hill Capital LLC grew its stake in Brunswick Corporation (NYSE:BC - Free Report) by 22.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 488,440 shares of the company's stock after buying an additional 89,150 shares during the period. Brunswick makes up approximately 6.2% of Lodge Hill Capital LLC's holdings, making the stock its 4th biggest position. Lodge Hill Capital LLC owned about 0.74% of Brunswick worth $26,302,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Hudson Edge Investment Partners Inc. raised its position in shares of Brunswick by 63.2% in the first quarter. Hudson Edge Investment Partners Inc. now owns 12,361 shares of the company's stock valued at $666,000 after purchasing an additional 4,787 shares during the period. Bank of New York Mellon Corp grew its stake in Brunswick by 0.6% in the 1st quarter. Bank of New York Mellon Corp now owns 770,820 shares of the company's stock valued at $41,509,000 after buying an additional 4,311 shares during the last quarter. GAMMA Investing LLC raised its holdings in Brunswick by 59.3% in the 1st quarter. GAMMA Investing LLC now owns 1,276 shares of the company's stock worth $69,000 after acquiring an additional 475 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Brunswick by 7.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,349 shares of the company's stock worth $396,000 after acquiring an additional 484 shares during the period. Finally, Allianz Asset Management GmbH lifted its position in Brunswick by 125.2% during the 1st quarter. Allianz Asset Management GmbH now owns 10,047 shares of the company's stock worth $541,000 after acquiring an additional 5,585 shares during the last quarter. 99.34% of the stock is owned by institutional investors.

Insider Transactions at Brunswick

In related news, VP Christopher F. Dekker sold 2,092 shares of the stock in a transaction dated 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 transaction, the vice president owned 44,466 shares of the company's stock, valued at $2,599,927.02. This represents a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.81% of the stock is owned by company insiders.

Brunswick Stock Performance

BC opened at $65.22 on Thursday. The stock's 50 day simple moving average is $59.85 and its 200-day simple moving average is $55.69. 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 stock has a market cap of $4.26 billion, a PE ratio of 105.19 and a beta of 1.28. Brunswick Corporation has a 1 year low of $41.00 and a 1 year high of $87.65.

Brunswick (NYSE:BC - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The company reported $1.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.89 by $0.27. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.25 billion. Brunswick had a net margin of 0.82% and a return on equity of 10.73%. The business's revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.80 earnings per share. 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 forecast that Brunswick Corporation will post 4.19 EPS for the current year.

Brunswick Dividend Announcement

The firm 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 $0.43 dividend. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $1.72 dividend on an annualized basis and a yield of 2.6%. Brunswick's payout ratio is presently 277.42%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Roth Capital raised their price target on Brunswick from $60.00 to $68.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. DA Davidson raised 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. Robert W. Baird lifted their price target on Brunswick from $56.00 to $60.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Zacks Research cut Brunswick from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Finally, Citigroup reaffirmed a "buy" rating on shares of Brunswick in a research 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 data from MarketBeat.com, Brunswick presently has a consensus rating of "Moderate Buy" and a consensus target price of $68.25.

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.

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