UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $40.17 Million Holdings in Brunswick Corporation $BC

Key Points

• UBS Asset Management reduced its stake in Brunswick Corporation by 29.9%, owning approximately 1.14% of the company valued at $40.17 million after selling over 318,000 shares in the first quarter.
• Several other institutional investors increased their positions in Brunswick, with Massachusetts Financial Services boosting its stake by 17.7%, now holding $185.22 million worth of shares.
• Brunswick's stock shows a current consensus rating of "Moderate Buy" with an average target price of $66.75, despite varying ratings from multiple brokerages.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lessened its stake in Brunswick Corporation (NYSE:BC - Free Report) by 29.9% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 745,914 shares of the company's stock after selling 318,611 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 1.14% of Brunswick worth $40,167,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA increased its position in shares of Brunswick by 17.7% during 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 acquiring an additional 516,970 shares during the last quarter. Turtle Creek Asset Management Inc. increased its position in shares of Brunswick by 19.7% during the fourth quarter. Turtle Creek Asset Management Inc. now owns 2,965,460 shares of the company's stock valued at $191,806,000 after acquiring an additional 488,412 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Brunswick by 20.2% during the first quarter. Dimensional Fund Advisors LP now owns 2,504,407 shares of the company's stock valued at $134,857,000 after acquiring an additional 420,369 shares during the last quarter. Channing Capital Management LLC increased its position in shares of Brunswick by 11.1% during the first 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 last quarter. Finally, Van Berkom & Associates Inc. increased its position in shares of 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 acquiring an additional 156,816 shares during the last quarter. Institutional investors own 99.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BC. B. Riley increased their price target on Brunswick from $60.00 to $70.00 and gave the company a "neutral" rating in a research report on Monday, September 8th. DA Davidson lifted their price objective on Brunswick from $43.00 to $59.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. Zacks Research lowered Brunswick from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. Citigroup reaffirmed a "buy" rating on shares of Brunswick in a research note on Wednesday, August 27th. Finally, Roth Capital lifted their price target on Brunswick from $60.00 to $68.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Seven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $66.75.

Brunswick Stock Performance

BC stock opened at $65.34 on Monday. The stock has a market capitalization of $4.27 billion, a PE ratio of 105.39 and a beta of 1.36. Brunswick Corporation has a 12-month low of $41.00 and a 12-month 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. The stock's 50 day simple moving average is $61.80 and its 200 day simple moving average is $55.64.

Brunswick (NYSE:BC - Get Free Report) last released 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. The business 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 period in the prior year, the firm 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. As a group, research analysts forecast that Brunswick Corporation will post 4.19 earnings per share for the current fiscal year.

Brunswick Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Wednesday, August 20th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Wednesday, August 20th. Brunswick's dividend 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.

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