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 Performance

Shares of Brunswick stock traded up $0.01 during trading on Friday, reaching $48.09. The company's stock had a trading volume of 733,673 shares, compared to its average volume of 776,272. Brunswick Co. has a fifty-two week low of $41.00 and a fifty-two week high of $87.65. The company has a current ratio of 1.65, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. The firm has a market cap of $3.16 billion, a PE ratio of 25.31 and a beta of 1.28. The company has a 50-day moving average price of $50.28 and a two-hundred day moving average price of $64.17.

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

Brunswick Announces Dividend

The company 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 yield of 3.58%. The ex-dividend date is Monday, May 19th. Brunswick's dividend payout ratio is currently 142.15%.

Hedge Funds Weigh In On Brunswick

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FIL Ltd raised its position in shares of Brunswick by 323.9% during the 4th quarter. FIL Ltd now owns 1,114,324 shares of the company's stock worth $72,074,000 after purchasing an additional 851,449 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Brunswick by 17.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,439,526 shares of the company's stock worth $185,218,000 after acquiring an additional 516,970 shares during the last quarter. Turtle Creek Asset Management Inc. lifted its position in shares of Brunswick by 19.7% in the fourth quarter. Turtle Creek Asset Management Inc. now owns 2,965,460 shares of the company's stock valued at $191,806,000 after acquiring an additional 488,412 shares in the last quarter. Norges Bank acquired a new stake in shares of Brunswick during the fourth quarter valued at $30,097,000. Finally, Raymond James Financial Inc. acquired a new position in Brunswick in the 4th quarter valued at about $29,646,000. Institutional investors and hedge funds own 99.34% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Truist Financial cut their price target on shares of Brunswick from $85.00 to $60.00 and set a "buy" rating for the company in a report on Monday, April 14th. Jefferies Financial Group reduced their price target on Brunswick from $64.00 to $45.00 and set a "hold" rating for the company in a report on Thursday, April 24th. Citigroup dropped their price objective on Brunswick from $92.00 to $85.00 and set a "buy" rating on the stock in a report on Tuesday, January 28th. Stifel Nicolaus cut their price objective on Brunswick from $95.00 to $86.00 and set a "buy" rating for the company in a research report on Wednesday, January 15th. Finally, Benchmark assumed coverage on shares of Brunswick in a research report on Monday, April 28th. They set a "buy" rating and a $70.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $71.00.

Insider Activity at Brunswick

In other news, SVP Randall S. Altman sold 3,417 shares of Brunswick 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 sale, the senior vice president now directly owns 26,683 shares in the company, valued at $1,686,632.43. The trade was a 11.35 % 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.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.