Tectonic Advisors LLC Invests $1.73 Million in Brunswick Corporation $BC

Tectonic Advisors LLC acquired a new position in Brunswick Corporation (NYSE:BC) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 31,395 shares of the company’s stock, valued at approximately $1,734,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Voya Investment Management LLC raised its holdings in Brunswick by 2.8% in the 1st quarter. Voya Investment Management LLC now owns 8,196 shares of the company’s stock valued at $441,000 after acquiring an additional 221 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of Brunswick by 33.3% during the 1st quarter. Fifth Third Bancorp now owns 1,078 shares of the company’s stock worth $58,000 after buying an additional 269 shares in the last quarter. Belpointe Asset Management LLC raised its holdings in shares of Brunswick by 7.5% during the 2nd quarter. Belpointe Asset Management LLC now owns 4,695 shares of the company’s stock worth $259,000 after buying an additional 329 shares in the last quarter. Peterson Wealth Services raised its holdings in shares of Brunswick by 2.5% during the 1st quarter. Peterson Wealth Services now owns 13,599 shares of the company’s stock worth $732,000 after buying an additional 331 shares in the last quarter. Finally, Quarry LP raised its holdings in shares of Brunswick by 65.0% during the 1st quarter. Quarry LP now owns 1,150 shares of the company’s stock worth $62,000 after buying an additional 453 shares in the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

Brunswick Stock Up 1.0%

BC stock opened at $63.63 on Thursday. The stock’s 50 day simple moving average is $63.19 and its 200 day simple moving average is $56.46. Brunswick Corporation has a fifty-two week low of $41.00 and a fifty-two week high of $87.65. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.70 and a current ratio of 1.68. The company has a market cap of $4.16 billion, a P/E ratio of 102.63 and a beta of 1.36.

Brunswick (NYSE:BC) last issued its quarterly earnings data on Thursday, July 24th. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $0.89 by $0.27. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.25 billion. Brunswick had a return on equity of 10.73% and a net margin of 0.82%.The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.80 earnings per share. Brunswick has set its FY 2025 guidance at 3.250-3.250 EPS. Q3 2025 guidance at 0.750-0.900 EPS. On average, research analysts expect that Brunswick Corporation will post 4.19 earnings per share for the current fiscal year.

Brunswick Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Wednesday, August 20th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Wednesday, August 20th. Brunswick’s dividend payout ratio (DPR) is presently 277.42%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. B. Riley boosted their price objective on Brunswick from $60.00 to $70.00 and gave the stock a “neutral” rating in a research report on Monday, September 8th. JPMorgan Chase & Co. boosted 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. Zacks Research lowered Brunswick from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Roth Capital upped their price target on Brunswick from $60.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Finally, DA Davidson upped their price target on Brunswick from $43.00 to $59.00 and gave the company a “neutral” rating in a research report on Monday, July 28th. Seven equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $67.00.

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.