Teza Capital Management LLC Purchases New Stake in Brunswick Corporation $BC

Key Points

• Teza Capital Management LLC has newly invested approximately $246,000 by purchasing 4,562 shares in Brunswick Corporation during the first quarter.
• Brunswick Corporation reported earnings per share of $1.16 for the last quarter, significantly exceeding analysts' estimates of $0.89, with a revenue of $1.45 billion.
• The company declared a quarterly dividend of $0.43 per share, providing a yield of 2.6%, with an upcoming payment date on September 15th for stockholders of record as of August 20th.

Teza Capital Management LLC acquired a new stake in Brunswick Corporation (NYSE:BC - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,562 shares of the company's stock, valued at approximately $246,000.

A number of other large investors have also added to or reduced their stakes in BC. Massachusetts Financial Services Co. MA raised its holdings in Brunswick by 17.7% in the 1st 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 last quarter. Turtle Creek Asset Management Inc. raised its holdings in Brunswick by 19.7% during the 4th quarter. Turtle Creek Asset Management Inc. now owns 2,965,460 shares of the company's stock worth $191,806,000 after purchasing an additional 488,412 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Brunswick by 20.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,504,407 shares of the company's stock worth $134,857,000 after purchasing an additional 420,369 shares during the last quarter. Nuveen LLC bought a new position in Brunswick during the 1st quarter worth approximately $12,547,000. Finally, Hotchkis & Wiley Capital Management LLC bought a new position in Brunswick during the 1st quarter worth approximately $10,820,000. Institutional investors own 99.34% of the company's stock.

Brunswick Stock Down 2.0%

Shares of Brunswick stock traded down $1.33 during trading on Friday, reaching $65.34. 624,113 shares of the company traded hands, compared to its average volume of 656,111. 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 Corporation has a 1-year low of $41.00 and a 1-year high of $87.65. The company has a 50 day moving average price of $61.80 and a 200-day moving average price of $55.64. The firm has a market capitalization of $4.27 billion, a PE ratio of 105.39 and a beta of 1.36.

Brunswick (NYSE:BC - Get Free Report) last released its earnings results on Thursday, July 24th. The company reported $1.16 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the previous year, the company earned $1.80 EPS. Brunswick's quarterly revenue 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. As a group, equities research analysts expect that Brunswick Corporation will post 4.19 earnings per share for the current fiscal year.

Brunswick Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports 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 report on Monday, September 8th. Roth Capital raised their price target on shares of Brunswick from $60.00 to $68.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. DA Davidson raised their price target on shares of Brunswick from $43.00 to $59.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Citigroup restated a "buy" rating on shares of Brunswick in a report on Wednesday, August 27th. Finally, Zacks Research downgraded shares of Brunswick from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Seven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average 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.