Brunswick Corporation $BC Shares Sold by MetLife Investment Management LLC

MetLife Investment Management LLC lessened its position in Brunswick Corporation (NYSE:BC) by 1.5% during the first quarter, Holdings Channel reports. The institutional investor owned 36,633 shares of the company’s stock after selling 554 shares during the quarter. MetLife Investment Management LLC’s holdings in Brunswick were worth $1,973,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of BC. Jump Financial LLC raised its position in Brunswick by 83.0% in the first quarter. Jump Financial LLC now owns 18,827 shares of the company’s stock worth $1,014,000 after acquiring an additional 8,540 shares in the last quarter. Hotchkis & Wiley Capital Management LLC bought a new stake in Brunswick during the first quarter worth approximately $10,820,000. Channing Capital Management LLC boosted its holdings in Brunswick by 11.1% during the first quarter. Channing Capital Management LLC now owns 1,138,737 shares of the company’s stock worth $61,321,000 after buying an additional 113,614 shares in the last quarter. CW Advisors LLC grew its position in Brunswick by 62.9% in the first quarter. CW Advisors LLC now owns 6,671 shares of the company’s stock worth $359,000 after buying an additional 2,575 shares during the last quarter. Finally, EntryPoint Capital LLC bought a new position in shares of Brunswick in the first quarter valued at $354,000. Institutional investors own 99.34% of the company’s stock.

Brunswick Trading Down 0.1%

Shares of NYSE BC opened at $63.51 on Wednesday. The company has a current ratio of 1.68, a quick ratio of 0.70 and a debt-to-equity ratio of 1.10. Brunswick Corporation has a one year low of $41.00 and a one year high of $87.65. The business has a 50-day moving average price of $60.47 and a two-hundred day moving average price of $55.58. The firm has a market capitalization of $4.15 billion, a PE ratio of 102.43 and a beta of 1.36.

Brunswick (NYSE:BC) last posted its quarterly earnings results on Thursday, July 24th. The company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.27. Brunswick had a net margin of 0.82% and a return on equity of 10.73%. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period in the prior year, the firm earned $1.80 earnings per share. The firm’s revenue 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. As a group, analysts predict that Brunswick Corporation will post 4.19 earnings per share for the current fiscal year.

Brunswick Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Wednesday, August 20th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Wednesday, August 20th. Brunswick’s payout ratio is currently 277.42%.

Insider Buying and Selling at Brunswick

In related news, VP Christopher F. Dekker sold 2,092 shares of the stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $58.47, for a total transaction of $122,319.24. Following the completion of the sale, the vice president directly owned 44,466 shares in the company, valued at approximately $2,599,927.02. This trade represents a 4.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.85% of the company’s stock.

Wall Street Analysts Forecast Growth

BC has been the topic of a number of recent research reports. Citigroup restated a “buy” rating on shares of Brunswick in a report on Wednesday, August 27th. Roth Capital lifted their price target on Brunswick from $60.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Wall Street Zen upgraded Brunswick from a “hold” rating to a “buy” rating in a report on Saturday. Robert W. Baird raised their target price on shares of Brunswick from $56.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, May 16th. Finally, Zacks Research downgraded shares of Brunswick from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Brunswick presently has an average rating of “Moderate Buy” and a consensus price target of $68.25.

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.