Palogic Value Management L.P. Buys 1,134 Shares of Brunswick Corporation $BC

Palogic Value Management L.P. grew its holdings in shares of Brunswick Corporation (NYSE:BC) by 4.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,277 shares of the company’s stock after purchasing an additional 1,134 shares during the quarter. Palogic Value Management L.P.’s holdings in Brunswick were worth $1,361,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA raised its stake in shares of Brunswick by 17.7% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,439,526 shares of the company’s stock worth $185,218,000 after acquiring an additional 516,970 shares in the last quarter. Turtle Creek Asset Management Inc. boosted its holdings in shares of Brunswick by 19.7% during the 4th quarter. Turtle Creek Asset Management Inc. now owns 2,965,460 shares of the company’s stock valued at $191,806,000 after buying an additional 488,412 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Brunswick by 20.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,504,407 shares of the company’s stock worth $134,857,000 after purchasing an additional 420,369 shares during the last quarter. Nuveen LLC purchased a new position in Brunswick in the 1st quarter worth about $12,547,000. Finally, Goldman Sachs Group Inc. raised its position in Brunswick by 142.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 346,503 shares of the company’s stock worth $18,659,000 after buying an additional 203,838 shares during the last quarter. 99.34% of the stock is currently owned by institutional investors.

Brunswick Price Performance

Shares of BC stock opened at $66.80 on Tuesday. Brunswick Corporation has a 1-year low of $41.00 and a 1-year high of $87.65. The stock’s 50-day moving average is $61.29 and its 200 day moving average is $55.55. The company has a market cap of $4.36 billion, a P/E ratio of 107.74 and a beta of 1.36. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.68 and a quick ratio of 0.70.

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

Brunswick Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Wednesday, August 20th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $1.72 dividend on an annualized basis and a yield of 2.6%. Brunswick’s dividend payout ratio (DPR) is presently 277.42%.

Analyst Ratings Changes

A number of brokerages recently issued reports on BC. Zacks Research downgraded Brunswick from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. Citigroup restated a “buy” rating on shares of Brunswick in a research note on Wednesday, August 27th. Wall Street Zen cut Brunswick from a “buy” rating to a “hold” rating in a report on Sunday. Robert W. Baird upped their price objective on Brunswick from $56.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, May 16th. Finally, DA Davidson increased their price target on Brunswick from $43.00 to $59.00 and gave the company a “neutral” rating in a report on Monday, July 28th. Seven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.75.

Insiders Place Their Bets

In related news, VP Christopher F. Dekker sold 2,092 shares of the firm’s stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $58.47, for a total transaction of $122,319.24. Following the sale, the vice president owned 44,466 shares of the company’s stock, valued at $2,599,927.02. This trade represents a 4.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.85% of the stock is currently owned by insiders.

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.