Universal Beteiligungs und Servicegesellschaft mbH Grows Position in Brunswick Corporation $BC

Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in shares of Brunswick Corporation (NYSE:BC) by 33.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,543 shares of the company’s stock after buying an additional 10,971 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.07% of Brunswick worth $2,405,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Allianz Asset Management GmbH increased its holdings in Brunswick by 125.2% during the 1st quarter. Allianz Asset Management GmbH now owns 10,047 shares of the company’s stock worth $541,000 after purchasing an additional 5,585 shares during the period. Harbor Capital Advisors Inc. raised its stake in shares of Brunswick by 26.5% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 26,344 shares of the company’s stock worth $1,455,000 after acquiring an additional 5,526 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Brunswick during the 1st quarter valued at $308,000. Global Alpha Capital Management Ltd. boosted its holdings in Brunswick by 26.6% in the second quarter. Global Alpha Capital Management Ltd. now owns 272,028 shares of the company’s stock worth $15,027,000 after acquiring an additional 57,100 shares in the last quarter. Finally, CCM Investment Group LLC purchased a new stake in Brunswick during the 1st quarter worth approximately $474,000. Institutional investors own 99.34% of the company’s stock.

Brunswick Price Performance

Shares of NYSE:BC opened at $65.43 on Tuesday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.78 and a quick ratio of 0.73. The firm has a market capitalization of $4.26 billion, a price-to-earnings ratio of -17.98 and a beta of 1.40. The business’s 50 day simple moving average is $64.46 and its 200-day simple moving average is $60.59. Brunswick Corporation has a 12 month low of $41.00 and a 12 month high of $87.65.

Brunswick (NYSE:BC) last announced its earnings results on Thursday, October 23rd. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.13. Brunswick had a negative net margin of 4.60% and a positive return on equity of 10.55%. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the business earned $1.17 earnings per share. Brunswick’s revenue was up 6.8% compared to the same quarter last year. Brunswick has set its FY 2025 guidance at 3.250-3.25 EPS. As a group, equities analysts forecast that Brunswick Corporation will post 4.19 earnings per share for the current fiscal year.

Brunswick Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Wednesday, November 26th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Wednesday, November 26th. Brunswick’s payout ratio is -47.25%.

Analyst Ratings Changes

BC has been the topic of several analyst reports. Wall Street Zen downgraded Brunswick from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. B. Riley boosted their price objective on Brunswick from $60.00 to $70.00 and gave the stock a “neutral” rating in a research note on Monday, September 8th. Robert W. Baird boosted their price target on shares of Brunswick from $60.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Morgan Stanley raised their target price on Brunswick from $51.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Monday, October 27th. Finally, JPMorgan Chase & Co. increased their price objective on Brunswick from $63.00 to $70.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 23rd. Seven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $73.54.

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.