Vanguard Group Inc. Reduces Holdings in Brunswick Corporation $BC

Key Points

• Vanguard Group Inc. reduced its stake in Brunswick Corporation by 1.1%, owning 6,943,905 shares, worth approximately $373.9 million, after selling 76,687 shares in the first quarter of the year.
• The firm reported earnings of $1.16 per share for the quarter, exceeding analysts' estimates and generating revenue of $1.45 billion, up 0.2% year-over-year.
• Brunswick announced a quarterly dividend of $0.43, with a yield of 2.7%, although its payout ratio stands at an unusually high 277.42%.

Vanguard Group Inc. lowered its position in Brunswick Corporation (NYSE:BC - Free Report) by 1.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,943,905 shares of the company's stock after selling 76,687 shares during the quarter. Vanguard Group Inc. owned approximately 10.57% of Brunswick worth $373,929,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Allworth Financial LP lifted its stake in Brunswick by 4,972.7% in the first quarter. Allworth Financial LP now owns 558 shares of the company's stock worth $30,000 after acquiring an additional 547 shares during the last quarter. UMB Bank n.a. lifted its stake in Brunswick by 695.7% in the first quarter. UMB Bank n.a. now owns 732 shares of the company's stock worth $39,000 after acquiring an additional 640 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in Brunswick by 171.6% in the first quarter. First Horizon Advisors Inc. now owns 755 shares of the company's stock worth $41,000 after acquiring an additional 477 shares during the last quarter. Signaturefd LLC lifted its position in shares of Brunswick by 451.0% during the 1st quarter. Signaturefd LLC now owns 810 shares of the company's stock worth $44,000 after buying an additional 663 shares during the last quarter. Finally, Quarry LP acquired a new position in shares of Brunswick in the 4th quarter valued at $45,000. Hedge funds and other institutional investors own 99.34% of the company's stock.

Brunswick Price Performance

Shares of BC traded down $0.48 during trading hours on Wednesday, reaching $63.31. The company had a trading volume of 291,635 shares, compared to its average volume of 958,983. The firm has a 50 day simple moving average of $58.92 and a 200-day simple moving average of $55.71. 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 company has a market capitalization of $4.14 billion, a price-to-earnings ratio of 102.19 and a beta of 1.28. Brunswick Corporation has a 12-month low of $41.00 and a 12-month high of $87.65.

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

Brunswick Announces Dividend

The business 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 $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Wednesday, August 20th. Brunswick's dividend payout ratio (DPR) is currently 277.42%.

Insider Activity

In other news, VP Christopher F. Dekker sold 2,092 shares of the stock in a transaction dated Wednesday, June 11th. The shares were 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.85% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

BC has been the subject of several research analyst reports. Benchmark initiated coverage on shares of Brunswick in a report on Monday, April 28th. They issued a "buy" rating and a $70.00 target price for the company. Robert W. Baird upped their price target on shares of Brunswick from $56.00 to $60.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. DA Davidson upped their price target on shares of Brunswick from $43.00 to $59.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. BMO Capital Markets reduced their price target on shares of Brunswick from $75.00 to $65.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Finally, Jefferies Financial Group reduced their price target on shares of Brunswick from $64.00 to $45.00 and set a "hold" rating for the company in a research report on Thursday, April 24th. Seven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Brunswick currently has an average rating of "Moderate Buy" and an average target price of $68.25.

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.