Van Lanschot Kempen Investment Management N.V. Reduces Stock Position in Brunswick Corporation $BC

Key Points

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Van Lanschot Kempen Investment Management N.V. reduced its position in Brunswick Corporation (NYSE:BC - Free Report) by 35.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 641,242 shares of the company's stock after selling 348,120 shares during the quarter. Van Lanschot Kempen Investment Management N.V. owned about 0.98% of Brunswick worth $34,531,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Massachusetts Financial Services Co. MA raised its stake 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 worth $185,218,000 after purchasing an additional 516,970 shares during the last quarter. Turtle Creek Asset Management Inc. raised its stake 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 worth $191,806,000 after purchasing an additional 488,412 shares during the last quarter. Dimensional Fund Advisors LP raised its stake 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 worth $134,857,000 after purchasing an additional 420,369 shares during the last quarter. Van Berkom & Associates Inc. raised its stake 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 worth $52,323,000 after purchasing an additional 156,816 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Brunswick by 0.6% during the first quarter. Bank of New York Mellon Corp now owns 770,820 shares of the company's stock worth $41,509,000 after purchasing an additional 4,311 shares during the last quarter. Hedge funds and other institutional investors own 99.34% of the company's stock.

Insider Buying and Selling at Brunswick

In other news, VP Christopher F. Dekker sold 2,092 shares of the firm's stock in a transaction on 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 in the company, valued at $2,599,927.02. This trade represents a 4.49% decrease in their ownership of the stock. 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 corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on BC shares. Citigroup restated a "buy" rating and set a $68.00 price target (up previously from $61.00) on shares of Brunswick in a research note on Monday, June 16th. BMO Capital Markets cut their price target on Brunswick from $75.00 to $65.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Robert W. Baird raised their target price on Brunswick from $56.00 to $60.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Benchmark initiated coverage on Brunswick in a report on Monday, April 28th. They issued a "buy" rating and a $70.00 target price for the company. Finally, Zacks Research downgraded Brunswick from a "strong-buy" rating to a "hold" rating in a report on Thursday. Seven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $68.25.

Brunswick Price Performance

Brunswick stock traded up $3.8330 during midday trading on Friday, reaching $65.9030. The company's stock had a trading volume of 1,301,056 shares, compared to its average volume of 880,357. Brunswick Corporation has a fifty-two week low of $41.00 and a fifty-two week high of $87.65. The firm has a market capitalization of $4.31 billion, a PE ratio of 106.30 and a beta of 1.28. The stock's 50 day simple moving average is $59.31 and its 200 day simple moving average is $55.72. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.70 and a current ratio of 1.68.

Brunswick (NYSE:BC - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The company reported $1.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.89 by $0.27. Brunswick had a return on equity of 10.73% and a net margin of 0.82%.The business had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.25 billion. During the same quarter last year, the business posted $1.80 earnings per share. The business's revenue for the quarter was up .2% on a year-over-year basis. Brunswick has set its FY 2025 guidance at 3.250-3.250 EPS. Q3 2025 guidance at 0.750-0.900 EPS. On average, equities research analysts forecast that Brunswick Corporation will post 4.19 earnings per share for the current year.

Brunswick Dividend Announcement

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 given a $0.43 dividend. The ex-dividend date is Wednesday, August 20th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.6%. Brunswick's dividend payout ratio (DPR) is currently 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.