Rep. Jefferson Shreve Sells Off Shares of Brunswick Co. (NYSE:BC)

Representative Jefferson Shreve (R-Indiana) recently sold shares of Brunswick Co. NYSE: BC. In a filing disclosed on May 08th, the Representative disclosed that they had sold between $15,001 and $50,000 in Brunswick stock on April 7th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $50,001 - $100,000 in shares of Chipotle Mexican Grill NYSE: CMG on 4/17/2025.
• Purchased $50,001 - $100,000 in shares of Applied Materials NASDAQ: AMAT on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Caterpillar NYSE: CAT on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Lululemon Athletica NASDAQ: LULU on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Western Digital NASDAQ: WDC on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Zoetis NYSE: ZTS on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Stryker NYSE: SYK on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of NextEra Energy NYSE: NEE on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of CSX NASDAQ: CSX on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Ross Stores NASDAQ: ROST on 4/17/2025.

Brunswick Stock Down 1.7%

Shares of Brunswick stock traded down $0.90 during trading hours on Thursday, reaching $51.26. The company's stock had a trading volume of 53,037 shares, compared to its average volume of 780,083. Brunswick Co. has a one year low of $41.00 and a one year high of $87.65. The company has a market capitalization of $3.37 billion, a P/E ratio of 26.93 and a beta of 1.28. The stock's fifty day simple moving average is $49.90 and its two-hundred day simple moving average is $63.61. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 1.65.

Brunswick (NYSE:BC - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of $0.25 by $0.31. Brunswick had a net margin of 2.48% and a return on equity of 15.41%. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the firm earned $1.35 earnings per share. The firm's revenue was down 10.5% on a year-over-year basis. On average, research analysts forecast that Brunswick Co. will post 4.19 earnings per share for the current year.

Brunswick Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, May 19th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date is Monday, May 19th. Brunswick's dividend payout ratio (DPR) is 142.15%.

Hedge Funds Weigh In On Brunswick

Several institutional investors have recently made changes to their positions in BC. Barclays PLC lifted its stake in shares of Brunswick by 78.6% in the 3rd quarter. Barclays PLC now owns 118,189 shares of the company's stock worth $9,907,000 after purchasing an additional 52,024 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Brunswick by 2.5% during the 3rd quarter. Franklin Resources Inc. now owns 233,128 shares of the company's stock valued at $19,394,000 after purchasing an additional 5,604 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Brunswick by 2.7% during the 3rd quarter. Principal Financial Group Inc. now owns 1,075,845 shares of the company's stock valued at $90,171,000 after purchasing an additional 28,781 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Brunswick by 5.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,883 shares of the company's stock valued at $316,000 after purchasing an additional 236 shares during the last quarter. Finally, Oak Thistle LLC bought a new position in shares of Brunswick during the 4th quarter valued at about $368,000. Institutional investors own 99.34% of the company's stock.

Insider Buying and Selling at Brunswick

In other Brunswick news, SVP Randall S. Altman sold 3,417 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $63.21, for a total transaction of $215,988.57. Following the completion of the transaction, the senior vice president now owns 26,683 shares of the company's stock, valued at $1,686,632.43. This represents a 11.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.81% of the company's stock.

Wall Street Analysts Forecast Growth

BC has been the subject of a number of research analyst reports. Jefferies Financial Group decreased their price objective on shares of Brunswick from $64.00 to $45.00 and set a "hold" rating for the company in a report on Thursday, April 24th. Benchmark initiated coverage on shares of Brunswick in a report on Monday, April 28th. They set a "buy" rating and a $70.00 price objective for the company. Baird R W downgraded shares of Brunswick from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. BMO Capital Markets decreased their price objective on shares of Brunswick from $75.00 to $65.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Finally, Stifel Nicolaus decreased their price objective on shares of Brunswick from $95.00 to $86.00 and set a "buy" rating for the company in a report on Wednesday, January 15th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Brunswick presently has an average rating of "Moderate Buy" and a consensus price target of $71.00.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.