57,842 Shares in Brunswick Corporation $BC Purchased by Trexquant Investment LP

Key Points

• Trexquant Investment LP has invested $3.12 million in Brunswick Corporation, acquiring approximately 57,842 shares, which represents about 0.09% of the company's total shares.
• Brunswick's stock received positive adjustments from analysts, with a price target increase from $43.00 to $59.00 by DA Davidson and a "buy" rating raised to $68.00 by Roth Capital.
• The company has declared a quarterly dividend of $0.43 per share, which will contribute to an annualized yield of 2.7%.

Trexquant Investment LP acquired a new position in shares of Brunswick Corporation (NYSE:BC - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 57,842 shares of the company's stock, valued at approximately $3,115,000. Trexquant Investment LP owned about 0.09% of Brunswick as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA increased its position in Brunswick by 17.7% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,439,526 shares of the company's stock worth $185,218,000 after buying an additional 516,970 shares in the last quarter. Turtle Creek Asset Management Inc. increased its position in Brunswick by 19.7% during the fourth quarter. Turtle Creek Asset Management Inc. now owns 2,965,460 shares of the company's stock worth $191,806,000 after buying an additional 488,412 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Brunswick by 20.2% during the first quarter. Dimensional Fund Advisors LP now owns 2,504,407 shares of the company's stock worth $134,857,000 after buying an additional 420,369 shares in the last quarter. Channing Capital Management LLC increased its position in Brunswick by 11.1% during the first quarter. Channing Capital Management LLC now owns 1,138,737 shares of the company's stock worth $61,321,000 after buying an additional 113,614 shares in the last quarter. Finally, Van Berkom & Associates Inc. increased its position in Brunswick by 19.2% during the first quarter. Van Berkom & Associates Inc. now owns 971,648 shares of the company's stock worth $52,323,000 after buying an additional 156,816 shares in the last quarter. Hedge funds and other institutional investors own 99.34% of the company's stock.

Brunswick Stock Up 0.1%

Shares of BC traded up $0.10 during midday trading on Monday, reaching $66.71. 107,009 shares of the company were exchanged, compared to its average volume of 939,321. The stock has a 50-day moving average price of $61.06 and a 200-day moving average price of $55.53. The company has a market cap of $4.36 billion, a price-to-earnings ratio of 107.74 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 current ratio of 1.68, a quick ratio of 0.70 and a debt-to-equity ratio of 1.10.

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

Brunswick Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Wednesday, August 20th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Wednesday, August 20th. Brunswick's payout ratio is currently 277.42%.

Insider Activity at Brunswick

In other Brunswick news, VP Christopher F. Dekker sold 2,092 shares of the business's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $58.47, for a total transaction of $122,319.24. Following the transaction, the vice president owned 44,466 shares in the company, valued at $2,599,927.02. The trade was a 4.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.85% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

BC has been the subject of a number of recent analyst reports. Zacks Research downgraded Brunswick from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Wall Street Zen downgraded Brunswick from a "buy" rating to a "hold" rating in a research report on Sunday. Citigroup reaffirmed a "buy" rating on shares of Brunswick in a research report on Wednesday, August 27th. Roth Capital lifted their price objective on Brunswick from $60.00 to $68.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Finally, DA Davidson lifted their price objective on Brunswick from $43.00 to $59.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Seven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $68.25.

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.