Rivermont Capital Management LP Invests $3.45 Million in Brunswick Corporation $BC

Key Points

• Rivermont Capital Management LP has acquired a new position in Brunswick Corporation, purchasing 64,082 shares valued at approximately $3.45 million, which comprises 1.5% of its investment portfolio.
• Brunswick recently announced a quarterly dividend of $0.43 per share, with a yield of 2.6% and a payout ratio of 277.42%.
• Recent analyst ratings for Brunswick include upgrades and downgrades, with a consensus rating of "Moderate Buy" and a target price of $66.75.

Rivermont Capital Management LP bought a new position in shares of Brunswick Corporation (NYSE:BC - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 64,082 shares of the company's stock, valued at approximately $3,451,000. Brunswick comprises 1.5% of Rivermont Capital Management LP's holdings, making the stock its 16th biggest position. Rivermont Capital Management LP owned about 0.10% of Brunswick at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allworth Financial LP boosted its stake in shares of Brunswick by 4,972.7% during the 1st quarter. Allworth Financial LP now owns 558 shares of the company's stock worth $30,000 after acquiring an additional 547 shares in the last quarter. UMB Bank n.a. boosted its position 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 period. First Horizon Advisors Inc. grew its holdings in Brunswick by 171.6% during the first quarter. First Horizon Advisors Inc. now owns 755 shares of the company's stock valued at $41,000 after purchasing an additional 477 shares during the last quarter. Signaturefd LLC grew its holdings in Brunswick by 451.0% during the first quarter. Signaturefd LLC now owns 810 shares of the company's stock valued at $44,000 after purchasing an additional 663 shares during the last quarter. Finally, Fifth Third Bancorp lifted its stake in shares of Brunswick by 33.3% in the first quarter. Fifth Third Bancorp now owns 1,078 shares of the company's stock worth $58,000 after buying an additional 269 shares during the last quarter. Institutional investors and hedge funds own 99.34% of the company's stock.

Brunswick Price Performance

BC stock traded down $1.33 during trading on Friday, hitting $65.34. The company had a trading volume of 624,113 shares, compared to its average volume of 937,464. 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 company has a fifty day moving average price of $61.68 and a two-hundred day moving average price of $55.71. Brunswick Corporation has a fifty-two week low of $41.00 and a fifty-two week high of $87.65. The company has a market cap of $4.27 billion, a P/E ratio of 105.39 and a beta of 1.36.

Brunswick (NYSE:BC - Get Free Report) last posted its earnings results on Thursday, July 24th. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.27. The business 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 quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $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 expect that Brunswick Corporation will post 4.19 earnings per share for the current fiscal year.

Brunswick Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Wednesday, August 20th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Wednesday, August 20th. Brunswick's payout ratio is currently 277.42%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BC. Roth Capital upped 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 upped their price target on Brunswick from $43.00 to $59.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Wall Street Zen cut Brunswick from a "buy" rating to a "hold" rating in a research report on Sunday, September 7th. Citigroup restated a "buy" rating on shares of Brunswick in a research report on Wednesday, August 27th. Finally, B. Riley upped their price target on Brunswick from $60.00 to $70.00 and gave the company a "neutral" rating in a report on Monday. Seven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $66.75.

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.