364,656 Shares in Brunswick Corporation $BC Acquired by Pacer Advisors Inc.

by · The Cerbat Gem

Pacer Advisors Inc. purchased a new stake in shares of Brunswick Corporation (NYSE:BC – Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 364,656 shares of the company’s stock, valued at approximately $23,061,000. Pacer Advisors Inc. owned approximately 0.56% of Brunswick as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of BC. AQR Capital Management LLC lifted its holdings in shares of Brunswick by 812.7% in the second quarter. AQR Capital Management LLC now owns 705,719 shares of the company’s stock valued at $38,934,000 after buying an additional 628,393 shares during the period. Norges Bank acquired a new stake in Brunswick in the 2nd quarter valued at about $27,990,000. Franklin Resources Inc. boosted its position in shares of Brunswick by 194.2% during the 2nd quarter. Franklin Resources Inc. now owns 574,352 shares of the company’s stock valued at $31,727,000 after purchasing an additional 379,155 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Brunswick by 22.7% in the 2nd quarter. American Century Companies Inc. now owns 1,472,467 shares of the company’s stock worth $81,339,000 after purchasing an additional 272,815 shares during the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of Brunswick by 23.2% in the 2nd quarter. Alliancebernstein L.P. now owns 1,420,922 shares of the company’s stock worth $78,492,000 after purchasing an additional 267,479 shares in the last quarter. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Brunswick Stock Performance

Shares of Brunswick stock opened at $76.12 on Friday. Brunswick Corporation has a 12 month low of $41.00 and a 12 month high of $76.81. The company has a quick ratio of 0.73, a current ratio of 1.78 and a debt-to-equity ratio of 1.28. The stock has a market cap of $4.95 billion, a PE ratio of -20.91 and a beta of 1.37. The business has a fifty day simple moving average of $68.71 and a 200-day simple moving average of $63.82.

Brunswick (NYSE:BC – Get Free Report) last announced its quarterly earnings data on Thursday, October 23rd. The company reported $0.97 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the prior year, the business earned $1.17 EPS. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. Brunswick has set its FY 2025 guidance at 3.250-3.25 EPS. On average, sell-side analysts anticipate that Brunswick Corporation will post 4.19 EPS for the current fiscal year.

Brunswick Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Wednesday, November 26th were given a $0.43 dividend. The ex-dividend date was Wednesday, November 26th. This represents a $1.72 dividend on an annualized basis and a yield of 2.3%. Brunswick’s dividend payout ratio is presently -47.25%.

Wall Street Analyst Weigh In

BC has been the subject of a number of research reports. Citigroup raised their target price on shares of Brunswick from $74.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, October 24th. Wall Street Zen lowered Brunswick from a “buy” rating to a “hold” rating in a research note on Sunday, December 7th. Weiss Ratings restated a “sell (d+)” rating on shares of Brunswick in a report on Monday. B. Riley upped their target price on Brunswick from $60.00 to $70.00 and gave the company a “neutral” rating in a report on Monday, September 8th. Finally, JPMorgan Chase & Co. lifted their price target on Brunswick from $63.00 to $70.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $73.57.

Read Our Latest Research Report on BC

Brunswick Company Profile

(Free Report)

Founded in 1845 by John Moses Brunswick, Brunswick Corporation is a global leader in recreation products. Headquartered in Mettawa, Illinois, the company has evolved from its origins as a billiard table manufacturer into a diversified supplier of leisure equipment, serving both consumer and commercial markets around the world.

Brunswick operates through two primary segments: Marine and Bowling & Billiards. In its Marine segment, the company designs, manufactures and distributes recreational boats, outboard engines and aftermarket parts under recognized brands such as Sea Ray, Bayliner and Mercury Marine.

Featured Stories