Universal Beteiligungs und Servicegesellschaft mbH Buys Shares of 32,572 Brunswick Corporation (NYSE:BC)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired 32,572 shares of Brunswick Corporation, valued at approximately $1.75 million, indicating continued interest from institutional investors.
• Brunswick reported a quarterly earnings per share (EPS) of $1.16, surpassing analysts' estimates, with a revenue of $1.45 billion, compared to expectations of $1.25 billion.
• The company recently declared a quarterly dividend of $0.43, which equates to an annual yield of 3.0% based on a high dividend payout ratio of 277.42%.

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Brunswick Corporation (NYSE:BC - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 32,572 shares of the company's stock, valued at approximately $1,754,000.

Other hedge funds also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA increased its stake 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 worth $185,218,000 after purchasing an additional 516,970 shares during the period. Turtle Creek Asset Management Inc. increased its stake in Brunswick by 19.7% in 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 period. Dimensional Fund Advisors LP increased its stake in Brunswick by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,084,038 shares of the company's stock worth $134,796,000 after purchasing an additional 10,951 shares during the period. JPMorgan Chase & Co. increased its stake in Brunswick by 18.1% in the 4th quarter. JPMorgan Chase & Co. now owns 1,757,186 shares of the company's stock worth $113,655,000 after purchasing an additional 269,413 shares during the period. Finally, Alliancebernstein L.P. increased its stake in Brunswick by 4.6% in the 4th quarter. Alliancebernstein L.P. now owns 1,338,619 shares of the company's stock worth $86,582,000 after purchasing an additional 59,228 shares during the period. Institutional investors own 99.34% of the company's stock.

Insider Activity

In other 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 value of $122,319.24. Following the completion of the transaction, the vice president owned 44,466 shares of the company's stock, valued at $2,599,927.02. The trade was a 4.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.81% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

BC has been the topic of a number of research analyst reports. DA Davidson upped their price target on Brunswick from $43.00 to $59.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Truist Financial lowered their price target on Brunswick from $85.00 to $60.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Roth Capital upped their price target on Brunswick from $60.00 to $68.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Citigroup reaffirmed a "buy" rating and set a $68.00 price target (up from $61.00) on shares of Brunswick in a report on Monday, June 16th. Finally, Jefferies Financial Group lowered their price target on Brunswick from $64.00 to $45.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Brunswick presently has an average rating of "Moderate Buy" and an average price target of $68.25.

Brunswick Stock Performance

Brunswick stock traded up $0.70 during trading hours on Tuesday, hitting $59.47. 259,249 shares of the stock traded hands, compared to its average volume of 971,508. 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 firm's 50 day moving average price is $57.32 and its 200-day moving average price is $56.21. The stock has a market capitalization of $3.89 billion, a price-to-earnings ratio of 95.84 and a beta of 1.28. Brunswick Corporation has a 1 year low of $41.00 and a 1 year high of $87.65.

Brunswick (NYSE:BC - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The company reported $1.16 earnings per share 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 the consensus estimate of $1.25 billion. Brunswick had a return on equity of 10.73% and a net margin of 0.82%. The company's quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.80 EPS. As a group, equities analysts expect that Brunswick Corporation will post 4.19 EPS for the current fiscal year.

Brunswick Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Wednesday, August 20th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Wednesday, August 20th. Brunswick's payout ratio is 277.42%.

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.