Bayforest Capital Ltd Cuts Holdings in Brunswick Corporation $BC

Bayforest Capital Ltd trimmed its position in Brunswick Corporation (NYSE:BC) by 69.1% in the third quarter, HoldingsChannel reports. The firm owned 4,963 shares of the company’s stock after selling 11,088 shares during the quarter. Bayforest Capital Ltd’s holdings in Brunswick were worth $314,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. Inspire Investing LLC grew its holdings in shares of Brunswick by 2.2% in the third quarter. Inspire Investing LLC now owns 8,869 shares of the company’s stock valued at $561,000 after acquiring an additional 188 shares in the last quarter. Verdence Capital Advisors LLC boosted its position in Brunswick by 3.1% in the second quarter. Verdence Capital Advisors LLC now owns 6,524 shares of the company’s stock worth $360,000 after purchasing an additional 195 shares during the last quarter. Blue Trust Inc. grew its stake in Brunswick by 24.7% in the 2nd quarter. Blue Trust Inc. now owns 1,041 shares of the company’s stock valued at $58,000 after purchasing an additional 206 shares during the period. Voya Investment Management LLC increased its position in shares of Brunswick by 2.8% during the 1st quarter. Voya Investment Management LLC now owns 8,196 shares of the company’s stock valued at $441,000 after purchasing an additional 221 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its position in shares of Brunswick by 31.9% during the 2nd quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock valued at $53,000 after purchasing an additional 232 shares during the last quarter. Institutional investors own 99.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on BC shares. JPMorgan Chase & Co. increased their price target on shares of Brunswick from $63.00 to $70.00 and gave the company a “neutral” rating in a research report on Tuesday, September 23rd. Benchmark raised their price target on shares of Brunswick from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Wolfe Research set a $90.00 price target on shares of Brunswick in a report on Monday. Weiss Ratings reissued a “sell (d+)” rating on shares of Brunswick in a report on Monday, December 29th. Finally, Jefferies Financial Group set a $115.00 target price on Brunswick and gave the stock a “buy” rating in a research report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $78.00.

Brunswick Stock Down 1.7%

Shares of NYSE:BC opened at $86.04 on Tuesday. The firm has a fifty day moving average price of $71.39 and a two-hundred day moving average price of $65.76. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.78 and a quick ratio of 0.73. Brunswick Corporation has a one year low of $41.00 and a one year high of $88.45. The company has a market cap of $5.60 billion, a price-to-earnings ratio of -23.64 and a beta of 1.36.

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 the consensus estimate of $0.84 by $0.13. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Brunswick had a negative net margin of 4.60% and a positive return on equity of 10.55%. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.17 earnings per share. Brunswick has set its FY 2025 guidance at 3.250-3.25 EPS. Analysts anticipate that Brunswick Corporation will post 4.19 EPS for the current fiscal year.

Brunswick Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Wednesday, November 26th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Wednesday, November 26th. Brunswick’s dividend payout ratio (DPR) is -47.25%.

Brunswick Profile

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.