Peterson Wealth Services Sells 233 Shares of Brunswick Corporation $BC

Peterson Wealth Services lowered its position in shares of Brunswick Corporation (NYSE:BC) by 1.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,366 shares of the company’s stock after selling 233 shares during the quarter. Peterson Wealth Services’ holdings in Brunswick were worth $738,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA grew its holdings in Brunswick by 17.7% during the 1st 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 during the period. Dimensional Fund Advisors LP boosted 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 acquired a new stake in shares of Brunswick during the first quarter worth $12,547,000. Goldman Sachs Group Inc. increased its holdings in Brunswick by 142.9% in the first quarter. Goldman Sachs Group Inc. now owns 346,503 shares of the company’s stock valued at $18,659,000 after purchasing an additional 203,838 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC acquired a new position in Brunswick in the first quarter valued at about $10,820,000. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Brunswick Stock Up 1.7%

NYSE:BC opened at $71.87 on Friday. The stock has a 50-day simple moving average of $64.27 and a 200 day simple moving average of $57.45. Brunswick Corporation has a 52-week low of $41.00 and a 52-week high of $87.65. The company has a market cap of $4.70 billion, a PE ratio of -19.74 and a beta of 1.36. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.70 and a current ratio of 1.78.

Brunswick (NYSE:BC) last released its quarterly earnings results on Thursday, October 23rd. The company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.13. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.26 billion. Brunswick had a positive return on equity of 10.55% and a negative net margin of 4.60%.The business’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.17 EPS. Brunswick has set its FY 2025 guidance at 3.250-3.25 EPS. On average, sell-side analysts expect that Brunswick Corporation will post 4.19 EPS for the current fiscal year.

Brunswick Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Wednesday, November 26th will be given a $0.43 dividend. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $1.72 dividend on an annualized basis and a yield of 2.4%. Brunswick’s dividend payout ratio (DPR) is 277.42%.

Wall Street Analyst Weigh In

BC has been the subject of several analyst reports. Benchmark boosted their target price on Brunswick from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday. Weiss Ratings restated a “hold (c-)” rating on shares of Brunswick in a report on Friday. Wall Street Zen lowered shares of Brunswick from a “buy” rating to a “hold” rating in a report on Saturday. DA Davidson boosted their price target on shares of Brunswick from $43.00 to $59.00 and gave the company a “neutral” rating in a report on Monday, July 28th. Finally, B. Riley upped their price objective on shares of Brunswick from $60.00 to $70.00 and gave the company a “neutral” rating in a research report on Monday, September 8th. Seven research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, Brunswick currently has a consensus rating of “Hold” and a consensus price target of $72.15.

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.