Brunswick Corporation $BC Shares Sold by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

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 lowered its stake in shares of Brunswick Corporation (NYSE:BC - Free Report) by 29.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 745,914 shares of the company's stock after selling 318,611 shares during the period. 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.

A number of other large investors also recently bought and sold shares of BC. BNP Paribas Financial Markets raised its stake in Brunswick by 16.7% during the fourth quarter. BNP Paribas Financial Markets now owns 7,835 shares of the company's stock worth $507,000 after purchasing an additional 1,122 shares during the period. Deutsche Bank AG raised its stake in Brunswick by 0.6% during the fourth quarter. Deutsche Bank AG now owns 28,031 shares of the company's stock worth $1,813,000 after purchasing an additional 160 shares during the period. Gotham Asset Management LLC raised its stake in Brunswick by 30.9% during the fourth quarter. Gotham Asset Management LLC now owns 6,585 shares of the company's stock worth $426,000 after purchasing an additional 1,556 shares during the period. Nomura Holdings Inc. raised its stake in Brunswick by 187.6% during the fourth quarter. Nomura Holdings Inc. now owns 8,755 shares of the company's stock worth $566,000 after purchasing an additional 18,755 shares during the period. Finally, Quantinno Capital Management LP raised its stake in Brunswick by 26.1% during the fourth quarter. Quantinno Capital Management LP now owns 36,886 shares of the company's stock worth $2,386,000 after purchasing an additional 7,630 shares during the period. Hedge funds and other institutional investors own 99.34% of the company's stock.

Brunswick Stock Down 3.3%

Brunswick stock traded down $2.14 during midday trading on Friday, hitting $63.30. 1,609,283 shares of the stock were exchanged, compared to its average volume of 663,842. Brunswick Corporation has a 1 year low of $41.00 and a 1 year high of $87.65. The firm has a market cap of $4.14 billion, a P/E ratio of 102.09 and a beta of 1.36. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.68 and a quick ratio of 0.70. The company has a 50 day moving average price of $62.30 and a two-hundred day moving average price of $55.90.

Brunswick (NYSE:BC - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.27. The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.25 billion. Brunswick had a net margin of 0.82% and a return on equity of 10.73%. The firm's revenue for the quarter was up .2% compared to the same quarter last year. During the same period last year, the business earned $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, sell-side analysts predict 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 was paid on Monday, September 15th. Stockholders of record on Wednesday, August 20th were issued a $0.43 dividend. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $1.72 annualized dividend and a dividend yield of 2.7%. Brunswick's payout ratio is 277.42%.

Wall Street Analyst Weigh In

BC has been the topic of a number of research reports. DA Davidson raised their target price on shares of Brunswick from $43.00 to $59.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. Zacks Research downgraded shares of Brunswick from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. Citigroup reissued a "buy" rating on shares of Brunswick in a research note on Wednesday, August 27th. Roth Capital raised their target price on shares of Brunswick from $60.00 to $68.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Finally, B. Riley raised their target price on shares of Brunswick from $60.00 to $70.00 and gave the company a "neutral" rating in a research note on Monday, September 8th. Seven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Brunswick has a consensus rating of "Moderate Buy" and an average target price of $66.75.

Brunswick Company 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.