Brunswick Corporation $BC Stake Trimmed by Magnetar Financial LLC

Key Points

• Magnetar Financial LLC significantly reduced its stake in Brunswick Corporation by selling 55,092 shares, resulting in a 91.3% decrease in their holdings, now valued at approximately $283,000.
• Brunswick recently exceeded earnings expectations, reporting $1.16 EPS against a consensus of $0.89, with revenue of $1.45 billion for the quarter.
• The company announced a quarterly dividend of $0.43 per share, reflecting a yield of 2.7% with a high payout ratio of 277.42%.

Magnetar Financial LLC lessened its stake in Brunswick Corporation (NYSE:BC - Free Report) by 91.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,251 shares of the company's stock after selling 55,092 shares during the quarter. Magnetar Financial LLC's holdings in Brunswick were worth $283,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Allworth Financial LP increased its position in shares of Brunswick by 4,972.7% during the first quarter. Allworth Financial LP now owns 558 shares of the company's stock worth $30,000 after acquiring an additional 547 shares during the last quarter. UMB Bank n.a. lifted its stake in Brunswick by 695.7% during the first quarter. UMB Bank n.a. now owns 732 shares of the company's stock worth $39,000 after purchasing an additional 640 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in Brunswick by 171.6% during the first quarter. First Horizon Advisors Inc. now owns 755 shares of the company's stock worth $41,000 after purchasing an additional 477 shares during the last quarter. Signaturefd LLC lifted its stake in Brunswick by 451.0% during the first quarter. Signaturefd LLC now owns 810 shares of the company's stock worth $44,000 after purchasing an additional 663 shares during the last quarter. Finally, Fifth Third Bancorp lifted its stake in Brunswick by 33.3% during the first quarter. Fifth Third Bancorp now owns 1,078 shares of the company's stock worth $58,000 after purchasing an additional 269 shares during the last quarter. Hedge funds and other institutional investors own 99.34% of the company's stock.

Brunswick Stock Performance

BC stock traded up $1.07 during mid-day trading on Friday, reaching $66.51. The company had a trading volume of 692,031 shares, compared to its average volume of 715,014. Brunswick Corporation has a one year low of $41.00 and a one year high of $87.65. The stock's 50-day simple moving average is $61.06 and its two-hundred day simple moving average is $55.65. The company has a quick ratio of 0.70, a current ratio of 1.68 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $4.35 billion, a P/E ratio of 107.27 and a beta of 1.36.

Brunswick (NYSE:BC - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported $1.16 earnings per share 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 business had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.25 billion. During the same period in the previous year, the business earned $1.80 earnings per share. The company'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. Research analysts anticipate that Brunswick Corporation will post 4.19 EPS for the current 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 issued 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 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 that occurred on Wednesday, June 11th. The stock was sold at an average price of $58.47, for a total transaction of $122,319.24. Following the sale, the vice president owned 44,466 shares of the company's stock, valued at $2,599,927.02. The trade was a 4.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.81% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have commented on BC shares. Citigroup restated a "buy" rating on shares of Brunswick in a research note on Wednesday, August 27th. Zacks Research downgraded Brunswick from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. Wall Street Zen upgraded Brunswick from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. Robert W. Baird raised their target price on Brunswick from $56.00 to $60.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Finally, Roth Capital raised their target price on Brunswick from $60.00 to $68.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus 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.