QRG Capital Management Inc. Has $1.56 Million Stock Position in Brunswick Corporation $BC

Key Points

• QRG Capital Management Inc. increased its stake in Brunswick Corporation by 37.6% in Q2, bringing its total holdings to 28,154 shares valued at approximately $1.56 million.
• Recent analyst reports indicated a range of price targets for Brunswick stock, with Roth Capital raising its price objective from $60 to $68, while Zacks downgraded the stock's rating from "strong-buy" to "hold."
• Brunswick announced a quarterly dividend of $0.43, with an annualized yield of 2.7%, despite a high dividend payout ratio of 277.42%.

QRG Capital Management Inc. boosted its position in Brunswick Corporation (NYSE:BC - Free Report) by 37.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 28,154 shares of the company's stock after purchasing an additional 7,698 shares during the period. QRG Capital Management Inc.'s holdings in Brunswick were worth $1,555,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Segment Wealth Management LLC acquired a new stake in Brunswick in the 2nd quarter valued at about $4,798,000. Copeland Capital Management LLC lifted its position in Brunswick by 11.9% during the second quarter. Copeland Capital Management LLC now owns 1,008,883 shares of the company's stock worth $55,731,000 after acquiring an additional 107,429 shares during the last quarter. Hudson Edge Investment Partners Inc. lifted its position in Brunswick by 6.3% during the second quarter. Hudson Edge Investment Partners Inc. now owns 13,144 shares of the company's stock worth $726,000 after acquiring an additional 783 shares during the last quarter. Signaturefd LLC lifted its position in Brunswick by 195.9% during the second quarter. Signaturefd LLC now owns 2,397 shares of the company's stock worth $132,000 after acquiring an additional 1,587 shares during the last quarter. Finally, American National Bank & Trust lifted its position in Brunswick by 19.7% during the second quarter. American National Bank & Trust now owns 7,460 shares of the company's stock worth $412,000 after acquiring an additional 1,230 shares during the last quarter. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on BC. Roth Capital raised 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. Weiss Ratings restated a "hold (c-)" rating on shares of Brunswick in a research report on Saturday, September 27th. Zacks Research downgraded shares of Brunswick from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. B. Riley raised their price objective on shares of Brunswick from $60.00 to $70.00 and gave the stock a "neutral" rating in a research report on Monday, September 8th. Finally, DA Davidson lifted their price target on shares of Brunswick from $43.00 to $59.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Seven research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $67.00.

Brunswick Stock Performance

Shares of NYSE:BC opened at $62.99 on Wednesday. The company's 50 day simple moving average is $63.10 and its 200 day simple moving average is $56.41. The stock has a market capitalization of $4.12 billion, a price-to-earnings ratio of 101.60 and a beta of 1.36. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.68 and a quick ratio of 0.70. 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 announced its quarterly earnings data on Thursday, July 24th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.89 by $0.27. The business had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.25 billion. Brunswick had a net margin of 0.82% and a return on equity of 10.73%. The firm's quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the firm posted $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. As a group, research analysts predict that Brunswick Corporation will post 4.19 EPS for the current fiscal year.

Brunswick Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Wednesday, August 20th were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Wednesday, August 20th. Brunswick's dividend payout ratio (DPR) is 277.42%.

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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