Massachusetts Financial Services Co. MA Boosts Position in Brunswick Corporation $BC

Massachusetts Financial Services Co. MA increased its holdings in Brunswick Corporation (NYSE:BC) by 1.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,482,887 shares of the company’s stock after buying an additional 43,361 shares during the period. Massachusetts Financial Services Co. MA owned about 5.33% of Brunswick worth $192,395,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of BC. Police & Firemen s Retirement System of New Jersey boosted its stake in shares of Brunswick by 6.0% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 24,974 shares of the company’s stock worth $1,380,000 after purchasing an additional 1,418 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Brunswick by 89.7% in the second quarter. PNC Financial Services Group Inc. now owns 6,235 shares of the company’s stock valued at $344,000 after acquiring an additional 2,949 shares during the last quarter. Global Alpha Capital Management Ltd. grew its holdings in shares of Brunswick by 26.6% during the 2nd quarter. Global Alpha Capital Management Ltd. now owns 272,028 shares of the company’s stock worth $15,027,000 after purchasing an additional 57,100 shares during the period. Parkside Financial Bank & Trust grew its stake in Brunswick by 103.5% during the second quarter. Parkside Financial Bank & Trust now owns 702 shares of the company’s stock worth $39,000 after buying an additional 357 shares during the period. Finally, Bryn Mawr Trust Advisors LLC acquired a new stake in Brunswick in the 2nd quarter valued at $224,000. Institutional investors and hedge funds own 99.34% of the company’s stock.

Brunswick Price Performance

Shares of Brunswick stock opened at $64.33 on Monday. Brunswick Corporation has a 52 week low of $41.00 and a 52 week high of $87.65. The stock has a market cap of $4.18 billion, a PE ratio of -17.67 and a beta of 1.40. The company’s 50-day moving average price is $64.88 and its two-hundred day moving average price is $59.94. The company has a current ratio of 1.78, a quick ratio of 0.73 and a debt-to-equity ratio of 1.28.

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

Brunswick Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Wednesday, November 26th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Wednesday, November 26th. Brunswick’s dividend payout ratio (DPR) is presently -47.25%.

Analyst Ratings Changes

BC has been the topic of a number of analyst reports. Citigroup lifted their price objective on shares of Brunswick from $74.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, October 24th. DA Davidson lifted their target price on Brunswick from $43.00 to $59.00 and gave the stock a “neutral” rating in a research report on Monday, July 28th. BMO Capital Markets boosted their price objective on shares of Brunswick from $65.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, October 24th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $65.00 target price on shares of Brunswick in a research report on Thursday, October 23rd. Finally, Roth Capital set a $79.00 price target on Brunswick and gave the company a “buy” rating in a report on Thursday, October 30th. Seven investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Brunswick currently has an average rating of “Hold” and an average price target of $73.54.

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.