Vanguard Personalized Indexing Management LLC boosted its stake in Brunswick Corporation (NYSE:BC – Free Report) by 31.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,686 shares of the company’s stock after buying an additional 3,793 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Brunswick were worth $867,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Allworth Financial LP boosted its position in shares of Brunswick by 4,972.7% during the 1st quarter. Allworth Financial LP now owns 558 shares of the company’s stock valued at $30,000 after purchasing an additional 547 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Brunswick by 477.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 727 shares of the company’s stock valued at $39,000 after purchasing an additional 601 shares in the last quarter. First Horizon Advisors Inc. boosted its position in shares of Brunswick by 171.6% during the 1st quarter. First Horizon Advisors Inc. now owns 755 shares of the company’s stock valued at $41,000 after purchasing an additional 477 shares in the last quarter. Signaturefd LLC boosted its position in shares of Brunswick by 451.0% during the 1st quarter. Signaturefd LLC now owns 810 shares of the company’s stock valued at $44,000 after purchasing an additional 663 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its position in shares of Brunswick by 243.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 858 shares of the company’s stock valued at $47,000 after purchasing an additional 608 shares in the last quarter. Institutional investors own 99.34% of the company’s stock.
Analyst Ratings Changes
Several equities analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Brunswick from a “hold” rating to a “buy” rating in a research report on Monday, September 15th. Roth Capital raised their price objective on shares of Brunswick from $60.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. DA Davidson raised their target price on shares of Brunswick from $43.00 to $59.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. JPMorgan Chase & Co. raised their target price on shares of Brunswick from $63.00 to $70.00 and gave the stock a “neutral” rating in a report on Tuesday, September 23rd. Finally, Truist Financial raised their target price on shares of Brunswick from $60.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday. Seven investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, Brunswick currently has an average rating of “Hold” and a consensus target price of $67.62.
Brunswick Price Performance
NYSE BC opened at $63.91 on Monday. The company has a 50 day simple moving average of $63.75 and a 200-day simple moving average of $56.84. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.68 and a quick ratio of 0.70. The firm has a market capitalization of $4.18 billion, a price-to-earnings ratio of 103.08 and a beta of 1.36. Brunswick Corporation has a 52-week low of $41.00 and a 52-week high of $87.65.
Brunswick (NYSE:BC – Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.27. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.25 billion. Brunswick had a net margin of 0.82% and a return on equity of 10.73%. The firm’s revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $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. Equities research analysts predict that Brunswick Corporation will post 4.19 earnings per share for the current fiscal year.
Brunswick Company 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.
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