Envestnet Portfolio Solutions Inc. Acquires 6,903 Shares of Brunswick Corporation $BC

Envestnet Portfolio Solutions Inc. increased its holdings in Brunswick Corporation (NYSE:BCFree Report) by 169.5% during the second quarter, HoldingsChannel reports. The fund owned 10,975 shares of the company’s stock after acquiring an additional 6,903 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Brunswick were worth $606,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Allworth Financial LP increased its holdings in Brunswick by 4,972.7% during the 1st quarter. Allworth Financial LP now owns 558 shares of the company’s stock worth $30,000 after purchasing an additional 547 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in Brunswick by 477.0% during the first quarter. Geneos Wealth Management Inc. now owns 727 shares of the company’s stock worth $39,000 after buying an additional 601 shares in the last quarter. First Horizon Advisors Inc. raised its position in Brunswick by 171.6% in the 1st quarter. First Horizon Advisors Inc. now owns 755 shares of the company’s stock valued at $41,000 after buying an additional 477 shares during the last quarter. Signaturefd LLC lifted its stake in Brunswick by 451.0% during the 1st quarter. Signaturefd LLC now owns 810 shares of the company’s stock valued at $44,000 after acquiring an additional 663 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in Brunswick by 243.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 858 shares of the company’s stock worth $47,000 after acquiring an additional 608 shares during the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

Brunswick Price Performance

Brunswick stock opened at $63.41 on Tuesday. The business’s 50 day simple moving average is $63.88 and its 200 day simple moving average is $56.96. Brunswick Corporation has a 12 month low of $41.00 and a 12 month high of $87.65. The company has a market cap of $4.14 billion, a price-to-earnings ratio of 102.28 and a beta of 1.36. The company has a current ratio of 1.68, a quick ratio of 0.70 and a debt-to-equity ratio of 1.10.

Brunswick (NYSE:BCGet Free Report) last issued its earnings results on Thursday, July 24th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.27. Brunswick had a return on equity of 10.73% and a net margin of 0.82%.The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period in the previous year, the company posted $1.80 earnings per share. The business’s revenue was up .2% on a year-over-year basis. Brunswick has set its FY 2025 guidance at 3.250-3.250 EPS. Q3 2025 guidance at 0.750-0.900 EPS. Sell-side analysts forecast that Brunswick Corporation will post 4.19 EPS for the current year.

Wall Street Analysts Forecast Growth

BC has been the subject of several analyst reports. JPMorgan Chase & Co. increased their target price on shares of Brunswick from $63.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, September 23rd. Truist Financial increased their price objective on shares of Brunswick from $60.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Citigroup restated a “buy” rating on shares of Brunswick in a research note on Wednesday, August 27th. Zacks Research downgraded Brunswick from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Finally, Roth Capital lifted their price target on Brunswick from $60.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Seven analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $67.62.

Check Out Our Latest Stock Report on Brunswick

Brunswick Profile

(Free Report)

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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Institutional Ownership by Quarter for Brunswick (NYSE:BC)

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