Brunswick Corporation $BC Shares Acquired by Lodge Hill Capital LLC

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 lifted its holdings in Brunswick Corporation (NYSE:BC - Free Report) by 22.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 488,440 shares of the company's stock after acquiring an additional 89,150 shares during the period. Brunswick makes up 6.2% of Lodge Hill Capital LLC's portfolio, 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.

Several other large investors also recently made changes to their positions in the business. Massachusetts Financial Services Co. MA increased its position in shares of Brunswick by 17.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,439,526 shares of the company's stock worth $185,218,000 after acquiring an additional 516,970 shares in the last quarter. Turtle Creek Asset Management Inc. increased its position in shares of Brunswick by 19.7% in the fourth quarter. Turtle Creek Asset Management Inc. now owns 2,965,460 shares of the company's stock worth $191,806,000 after acquiring an additional 488,412 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Brunswick by 20.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,504,407 shares of the company's stock worth $134,857,000 after acquiring an additional 420,369 shares in the last quarter. Channing Capital Management LLC increased its position in shares of Brunswick by 11.1% in the first quarter. Channing Capital Management LLC now owns 1,138,737 shares of the company's stock worth $61,321,000 after acquiring an additional 113,614 shares in the last quarter. Finally, Van Berkom & Associates Inc. boosted its stake in shares of Brunswick by 19.2% in the first quarter. Van Berkom & Associates Inc. now owns 971,648 shares of the company's stock valued at $52,323,000 after purchasing an additional 156,816 shares during the period. Institutional investors and hedge funds own 99.34% of the company's stock.

Brunswick Stock Down 0.7%

NYSE BC traded down $0.46 during trading hours on Tuesday, reaching $63.13. 138,271 shares of the company traded hands, compared to its average volume of 948,834. Brunswick Corporation has a 12 month low of $41.00 and a 12 month 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 stock has a market capitalization of $4.12 billion, a PE ratio of 101.82 and a beta of 1.36. The company has a 50 day moving average of $60.33 and a two-hundred day moving average of $55.53.

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

Brunswick Announces Dividend

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

Insider Activity at Brunswick

In other news, VP Christopher F. Dekker sold 2,092 shares of Brunswick 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 directly 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.85% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on BC shares. Wall Street Zen raised shares of Brunswick from a "hold" rating to a "buy" rating in a report on Saturday. Roth Capital raised their price target on shares of Brunswick from $60.00 to $68.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. DA Davidson raised their price target on shares of Brunswick from $43.00 to $59.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Zacks Research lowered shares of Brunswick from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. Finally, Citigroup reaffirmed a "buy" rating on shares of Brunswick in a report on Wednesday, August 27th. Seven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target 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.