Lightrock Netherlands B.V. Purchases 106,750 Shares of Brunswick Corporation $BC

Lightrock Netherlands B.V. increased its position in shares of Brunswick Corporation (NYSE:BC) by 26.1% during the second quarter, Holdings Channel reports. The institutional investor owned 515,765 shares of the company’s stock after purchasing an additional 106,750 shares during the period. Brunswick comprises about 6.6% of Lightrock Netherlands B.V.’s portfolio, making the stock its 2nd largest holding. Lightrock Netherlands B.V.’s holdings in Brunswick were worth $28,491,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in BC. GAMMA Investing LLC raised its stake in Brunswick by 59.3% during the 1st quarter. GAMMA Investing LLC now owns 1,276 shares of the company’s stock worth $69,000 after buying an additional 475 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of Brunswick by 7.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,349 shares of the company’s stock worth $396,000 after purchasing an additional 484 shares during the last quarter. Hudson Edge Investment Partners Inc. raised its stake in shares of Brunswick by 63.2% in the first quarter. Hudson Edge Investment Partners Inc. now owns 12,361 shares of the company’s stock worth $666,000 after purchasing an additional 4,787 shares during the last quarter. First Horizon Advisors Inc. raised its stake in shares of Brunswick by 171.6% in the first quarter. First Horizon Advisors Inc. now owns 755 shares of the company’s stock worth $41,000 after purchasing an additional 477 shares during the last quarter. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Brunswick in the first quarter worth approximately $520,000. 99.34% of the stock is owned by institutional investors and hedge funds.

Brunswick Price Performance

Shares of NYSE BC opened at $70.51 on Wednesday. The stock has a fifty day simple moving average of $64.56 and a two-hundred day simple moving average of $57.97. Brunswick Corporation has a 1-year low of $41.00 and a 1-year high of $87.65. The firm has a market cap of $4.61 billion, a price-to-earnings ratio of -19.37 and a beta of 1.36. 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 announced its quarterly earnings data on Thursday, October 23rd. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.13. Brunswick had a positive return on equity of 10.55% and a negative net margin of 4.60%.The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the company 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. Analysts anticipate that Brunswick Corporation will post 4.19 earnings per share for the current year.

Brunswick Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Wednesday, November 26th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, November 26th. Brunswick’s dividend payout ratio (DPR) is presently -47.25%.

Wall Street Analysts Forecast Growth

BC has been the subject of several analyst reports. 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 note on Tuesday, September 23rd. Morgan Stanley upped their target price on Brunswick from $51.00 to $72.00 and gave the company an “equal weight” rating in a report on Monday. Wall Street Zen lowered Brunswick from a “buy” rating to a “hold” rating in a report on Saturday. Zacks Research lowered Brunswick from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Finally, Robert W. Baird upped their target price on Brunswick from $60.00 to $70.00 and gave the company a “neutral” rating in a report on Friday, October 24th. Seven analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $72.69.

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.