Segment Wealth Management LLC Acquires New Position in Brunswick Corporation $BC

Key Points

• Segment Wealth Management LLC has acquired a new position in Brunswick Corporation, purchasing 86,853 shares valued at approximately $4.8 million, representing about 0.13% ownership as of the latest reporting period.
• Brunswick reported a Q2 earnings per share (EPS) of $1.16, exceeding estimates by $0.27, with quarterly revenues of $1.45 billion, surpassing expectations of $1.25 billion.
• The company's quarterly dividend was recently disclosed at $0.43, equating to an annualized dividend yield of 2.6%, although Brunswick's payout ratio is currently very high at 277.42%.

Segment Wealth Management LLC acquired a new stake in Brunswick Corporation (NYSE:BC - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 86,853 shares of the company's stock, valued at approximately $4,798,000. Segment Wealth Management LLC owned 0.13% of Brunswick at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Massachusetts Financial Services Co. MA lifted its holdings in Brunswick by 17.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,439,526 shares of the company's stock valued at $185,218,000 after buying an additional 516,970 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Brunswick by 20.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,504,407 shares of the company's stock valued at $134,857,000 after buying an additional 420,369 shares during the period. Channing Capital Management LLC raised its position in shares of Brunswick by 11.1% in the 1st quarter. Channing Capital Management LLC now owns 1,138,737 shares of the company's stock valued at $61,321,000 after acquiring an additional 113,614 shares during the period. Copeland Capital Management LLC boosted its stake in Brunswick by 11.9% during the 2nd 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. Finally, Van Berkom & Associates Inc. grew its holdings in Brunswick by 19.2% during the first quarter. Van Berkom & Associates Inc. now owns 971,648 shares of the company's stock valued at $52,323,000 after purchasing an additional 156,816 shares during the period. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Brunswick Stock Performance

Shares of BC stock opened at $66.32 on Friday. 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 $4.33 billion, a P/E ratio of 106.97 and a beta of 1.36. The company's 50 day moving average price is $62.97 and its two-hundred day moving average price is $56.31. Brunswick Corporation has a 52 week low of $41.00 and a 52 week high of $87.65.

Brunswick (NYSE:BC - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $0.89 by $0.27. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.25 billion. Brunswick had a net margin of 0.82% and a return on equity of 10.73%. The business's quarterly revenue was up .2% on a year-over-year basis. During the same period 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. On average, analysts expect that Brunswick Corporation will post 4.19 earnings per share for the current fiscal year.

Brunswick Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Wednesday, August 20th were given 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 was Wednesday, August 20th. Brunswick's payout ratio is currently 277.42%.

Analysts Set New Price Targets

BC has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Brunswick from $63.00 to $70.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 23rd. DA Davidson raised their price objective on Brunswick from $43.00 to $59.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. B. Riley boosted their target price on Brunswick from $60.00 to $70.00 and gave the company a "neutral" rating in a research note on Monday, September 8th. Zacks Research lowered Brunswick from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Brunswick in a report on Saturday, September 27th. Seven equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $67.00.

About Brunswick

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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