Nuveen LLC Acquires New Holdings in Brunswick Corporation $BC

Key Points

• Nuveen LLC has invested approximately $12.55 million in Brunswick Corporation, acquiring 233,000 shares, which represents about 0.35% ownership of the company.
• Brunswick has reported better-than-expected earnings, with a Q2 EPS of $1.16, surpassing the consensus estimate of $0.89.
• The company declared a quarterly dividend of $0.43, resulting in an annualized dividend yield of 2.8% and a high payout ratio of 277.42%.

Nuveen LLC bought a new stake in Brunswick Corporation (NYSE:BC - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 233,000 shares of the company's stock, valued at approximately $12,547,000. Nuveen LLC owned 0.35% of Brunswick as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Hudson Edge Investment Partners Inc. boosted its holdings in Brunswick by 63.2% in the 1st 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 boosted its stake in shares of Brunswick by 0.6% in the first 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 period. GAMMA Investing LLC boosted its stake in shares of Brunswick by 59.3% in the first quarter. GAMMA Investing LLC now owns 1,276 shares of the company's stock valued at $69,000 after buying an additional 475 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in Brunswick by 7.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,349 shares of the company's stock worth $396,000 after buying an additional 484 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its stake 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 period. Institutional investors and hedge funds own 99.34% of the company's stock.

Brunswick Price Performance

Shares of BC stock traded up $0.34 on Wednesday, reaching $64.69. The company had a trading volume of 90,254 shares, compared to its average volume of 953,546. The business's 50-day moving average is $59.66 and its 200 day moving average is $55.62. Brunswick Corporation has a one year low of $41.00 and a one year high of $87.65. 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 $4.23 billion, a PE ratio of 104.64 and a beta of 1.28.

Brunswick (NYSE:BC - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.27. The company had revenue of $1.45 billion for 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 firm's revenue was up .2% on a year-over-year basis. During the same period in the previous year, the firm posted $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. Equities research analysts forecast that Brunswick Corporation will post 4.19 EPS for the current fiscal year.

Brunswick Dividend Announcement

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

Analysts Set New Price Targets

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

Insider Activity at Brunswick

In related 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 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. This trade represents a 4.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.85% 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.