SCS Capital Management LLC Purchases Shares of 4,884 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 acquired a new position in shares of Brunswick Corporation (NYSE:BC - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,884 shares of the company's stock, valued at approximately $263,000.

Several other institutional investors also recently bought and sold shares of BC. Deutsche Bank AG grew its position in shares of Brunswick by 0.6% in the fourth quarter. Deutsche Bank AG now owns 28,031 shares of the company's stock valued at $1,813,000 after purchasing an additional 160 shares during the last quarter. Fifth Third Bancorp grew its position in shares of Brunswick by 33.3% in the first quarter. Fifth Third Bancorp now owns 1,078 shares of the company's stock valued at $58,000 after purchasing an additional 269 shares during the last quarter. Peterson Wealth Services grew its position in shares of Brunswick by 2.5% in the first quarter. Peterson Wealth Services now owns 13,599 shares of the company's stock valued at $732,000 after purchasing an additional 331 shares during the last quarter. Snowden Capital Advisors LLC grew its position in Brunswick by 6.4% during the fourth quarter. Snowden Capital Advisors LLC now owns 6,297 shares of the company's stock worth $407,000 after buying an additional 378 shares in the last quarter. Finally, Quarry LP grew its position in Brunswick by 65.0% during the first quarter. Quarry LP now owns 1,150 shares of the company's stock worth $62,000 after buying an additional 453 shares in the last quarter. 99.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on BC. Wall Street Zen raised Brunswick from a "hold" rating to a "buy" rating in a research report on Monday. Zacks Research downgraded Brunswick from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Roth Capital lifted their target price on Brunswick from $60.00 to $68.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. B. Riley lifted their target price on Brunswick from $60.00 to $70.00 and gave the stock a "neutral" rating in a research report on Monday, September 8th. Finally, Citigroup reaffirmed a "buy" rating on shares of Brunswick in a report on Wednesday, August 27th. Seven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $66.75.

Brunswick Trading Up 0.4%

Shares of BC traded up $0.29 during trading hours on Thursday, reaching $65.22. The stock had a trading volume of 151,880 shares, compared to its average volume of 928,011. The company has a market cap of $4.26 billion, a P/E ratio of 105.19 and a beta of 1.36. 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 Corporation has a 52 week low of $41.00 and a 52 week high of $87.65. The firm has a 50-day moving average of $62.17 and a 200 day moving average of $55.81.

Brunswick (NYSE:BC - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $1.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.89 by $0.27. Brunswick had a net margin of 0.82% and a return on equity of 10.73%. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period in the prior year, the business earned $1.80 EPS. The company's revenue for the quarter was up .2% compared to the same quarter last year. Brunswick has set its FY 2025 guidance at 3.250-3.250 EPS. Q3 2025 guidance at 0.750-0.900 EPS. On average, sell-side analysts expect that Brunswick Corporation will post 4.19 earnings per share for the current fiscal year.

Brunswick Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Wednesday, August 20th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Wednesday, August 20th. Brunswick's dividend payout ratio is currently 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.