SCS Capital Management LLC Acquires New Position in Brunswick Corporation $BC

Key Points

• SCS Capital Management LLC has acquired a new stake in Brunswick Corporation, purchasing 4,884 shares valued at approximately $263,000.
• Brunswick's recent earnings report showed earnings per share of $1.16, surpassing estimates, with quarterly revenue of $1.45 billion.
• The company has announced a quarterly dividend of $0.43 to be paid on September 15th, with a dividend yield of 2.6%.

SCS Capital Management LLC bought a new stake in shares of Brunswick Corporation (NYSE:BC - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,884 shares of the company's stock, valued at approximately $263,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Deutsche Bank AG grew its holdings in Brunswick by 0.6% during 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 grew its holdings in Brunswick by 33.3% during 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 grew its holdings in Brunswick by 2.5% during the 1st quarter. Peterson Wealth Services now owns 13,599 shares of the company's stock valued at $732,000 after buying an additional 331 shares in the last quarter. Snowden Capital Advisors LLC grew its holdings in Brunswick by 6.4% during the 4th quarter. Snowden Capital Advisors LLC now owns 6,297 shares of the company's stock valued at $407,000 after buying an additional 378 shares in the last quarter. Finally, Quarry LP grew its holdings in Brunswick by 65.0% during the 1st quarter. Quarry LP now owns 1,150 shares of the company's stock valued at $62,000 after buying an additional 453 shares in the last quarter. Hedge funds and other institutional investors own 99.34% of the company's stock.

Brunswick Stock Performance

NYSE:BC opened at $65.34 on Friday. The stock has a market cap of $4.27 billion, a P/E ratio of 105.39 and a beta of 1.36. The firm's fifty day simple moving average is $61.80 and its 200 day simple moving average is $55.72. Brunswick Corporation has a twelve month low of $41.00 and a twelve month 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.

Brunswick (NYSE:BC - Get Free Report) last released its quarterly earnings results 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 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 revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business 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 year.

Brunswick Announces Dividend

The business 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 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 dividend payout ratio is currently 277.42%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on BC shares. Citigroup reissued a "buy" rating on shares of Brunswick in a report on Wednesday, August 27th. Roth Capital boosted their price objective on Brunswick from $60.00 to $68.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Wall Street Zen lowered Brunswick from a "buy" rating to a "hold" rating in a report on Sunday, September 7th. Robert W. Baird boosted their price objective on Brunswick from $56.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Finally, B. Riley boosted their price objective on Brunswick from $60.00 to $70.00 and gave the stock a "neutral" rating in a report on Monday, September 8th. Seven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, Brunswick presently has an average rating of "Moderate Buy" and a consensus 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.

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