Tectonic Advisors LLC Purchases Shares of 31,395 Brunswick Corporation $BC

Key Points

• Tectonic Advisors LLC has acquired a new stake in Brunswick Corporation, purchasing 31,395 shares valued at approximately $1,734,000.
• A variety of hedge funds have significantly increased their holdings in Brunswick, with some seeing gains of over 4,972% in their shares during the first quarter.
• Brunswick's stock has received mixed ratings from analysts, with a consensus rating of "Hold" and an average price target of $67.00, reflecting differing outlooks on the company's performance.

Tectonic Advisors LLC purchased a new stake in shares of Brunswick Corporation (NYSE:BC - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 31,395 shares of the company's stock, valued at approximately $1,734,000.

A number of other hedge funds have also bought and sold shares of the stock. Allworth Financial LP increased its stake in shares of Brunswick by 4,972.7% in the first quarter. Allworth Financial LP now owns 558 shares of the company's stock worth $30,000 after acquiring an additional 547 shares during the period. Geneos Wealth Management Inc. grew its position in Brunswick by 477.0% during the first quarter. Geneos Wealth Management Inc. now owns 727 shares of the company's stock valued at $39,000 after buying an additional 601 shares during the period. UMB Bank n.a. grew its position in Brunswick by 695.7% during the first quarter. UMB Bank n.a. now owns 732 shares of the company's stock valued at $39,000 after buying an additional 640 shares during the period. First Horizon Advisors Inc. grew its position 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 buying an additional 477 shares during the period. Finally, Signaturefd LLC lifted 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 in the last quarter. Institutional investors and hedge funds own 99.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on BC shares. B. Riley raised their price target on shares of Brunswick from $60.00 to $70.00 and gave the stock a "neutral" rating in a research note on Monday, September 8th. Zacks Research downgraded shares of Brunswick from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. Weiss Ratings restated a "hold (c-)" rating on shares of Brunswick in a report on Wednesday. Wall Street Zen upgraded shares of Brunswick from a "hold" rating to a "buy" rating in a report on Monday, September 15th. Finally, Roth Capital boosted their price objective 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 research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $67.00.

Brunswick Trading Up 1.0%

Shares of BC stock opened at $63.63 on Thursday. The firm's 50-day simple moving average is $63.19 and its 200-day simple moving average is $56.46. The firm has a market cap of $4.16 billion, a P/E ratio of 102.63 and a beta of 1.36. Brunswick Corporation has a 1-year low of $41.00 and a 1-year high of $87.65. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.68 and a quick ratio of 0.70.

Brunswick (NYSE:BC - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.27. Brunswick had a net margin of 0.82% and a return on equity of 10.73%. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter last year, the company earned $1.80 earnings per share. Brunswick's revenue for the quarter was up .2% on a year-over-year basis. 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, equities analysts forecast that Brunswick Corporation will post 4.19 EPS for the current year.

Brunswick Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Wednesday, August 20th were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Wednesday, August 20th. Brunswick's payout ratio is presently 277.42%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.