Russell Investments Group Ltd. Sells 42,143 Shares of Brunswick Corporation $BC

Key Points

• Russell Investments Group Ltd. has reduced its stock position in Brunswick Corporation by 18.5%, now owning approximately 0.28% of the company worth $10,014,000 after selling 42,143 shares.
• Several institutional investors, including Allworth Financial LP and UMB Bank n.a., significantly increased their stakes in Brunswick during the first quarter, suggesting a shift in investment sentiment.
• Brunswick Corporation reported a quarterly earnings per share (EPS) of $1.16, exceeding analyst estimates and showing year-over-year revenue growth of 0.2%.

Russell Investments Group Ltd. decreased its holdings in Brunswick Corporation (NYSE:BC - Free Report) by 18.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 186,069 shares of the company's stock after selling 42,143 shares during the quarter. Russell Investments Group Ltd. owned 0.28% of Brunswick worth $10,014,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Deutsche Bank AG raised its stake in shares of Brunswick by 0.6% in the 4th quarter. Deutsche Bank AG now owns 28,031 shares of the company's stock valued at $1,813,000 after buying an additional 160 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of Brunswick by 33.3% in the 1st quarter. Fifth Third Bancorp now owns 1,078 shares of the company's stock valued at $58,000 after buying an additional 269 shares in the last quarter. Peterson Wealth Services increased its position in shares of Brunswick by 2.5% during the 1st quarter. Peterson Wealth Services now owns 13,599 shares of the company's stock worth $732,000 after purchasing an additional 331 shares in the last quarter. Snowden Capital Advisors LLC increased its position in shares of Brunswick by 6.4% during the 4th quarter. Snowden Capital Advisors LLC now owns 6,297 shares of the company's stock worth $407,000 after purchasing an additional 378 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Brunswick by 59.3% during the 1st quarter. GAMMA Investing LLC now owns 1,276 shares of the company's stock worth $69,000 after purchasing an additional 475 shares in the last quarter. Institutional investors and hedge funds own 99.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on BC shares. Zacks Research cut shares of Brunswick from a "strong-buy" rating to a "hold" rating in a research report on Thursday. Robert W. Baird increased their target price on shares of Brunswick from $56.00 to $60.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Citigroup reiterated a "buy" rating and set a $68.00 target price (up previously from $61.00) on shares of Brunswick in a research report on Monday, June 16th. Benchmark started coverage on shares of Brunswick in a research report on Monday, April 28th. They set a "buy" rating and a $70.00 target price for the company. Finally, Roth Capital increased their target price 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. Seven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat.com, Brunswick currently has an average rating of "Moderate Buy" and an average price target of $68.25.

Brunswick Price Performance

BC traded up $3.8330 during midday trading on Friday, hitting $65.9030. The company had a trading volume of 1,301,056 shares, compared to its average volume of 880,357. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.70 and a current ratio of 1.68. The company has a market capitalization of $4.31 billion, a PE ratio of 106.30 and a beta of 1.28. Brunswick Corporation has a twelve month low of $41.00 and a twelve month high of $87.65. The firm's 50-day simple moving average is $59.31 and its 200-day simple moving average is $55.64.

Brunswick (NYSE:BC - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.27. The firm had revenue of $1.45 billion during 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 company's quarterly revenue was up .2% compared to the same quarter last year. During the same quarter last year, the company 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 predict that Brunswick Corporation will post 4.19 EPS for the current fiscal year.

Brunswick Dividend Announcement

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

Insider Activity

In other news, VP Christopher F. Dekker sold 2,092 shares of the firm's 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 transaction, the vice president owned 44,466 shares of the company's stock, valued at approximately $2,599,927.02. This trade represents a 4.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.81% 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.