Atria Investments Inc Invests $1.70 Million in Brunswick Corporation $BC

Atria Investments Inc bought a new position in Brunswick Corporation (NYSE:BC) in the 2nd quarter, HoldingsChannel reports. The fund bought 30,700 shares of the company’s stock, valued at approximately $1,696,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Hantz Financial Services Inc. boosted its holdings in shares of Brunswick by 150.6% during the second quarter. Hantz Financial Services Inc. now owns 9,495 shares of the company’s stock worth $525,000 after purchasing an additional 5,706 shares during the period. Lightrock Netherlands B.V. boosted its holdings in shares of Brunswick by 26.1% during the second quarter. Lightrock Netherlands B.V. now owns 515,765 shares of the company’s stock worth $28,491,000 after purchasing an additional 106,750 shares during the period. Teacher Retirement System of Texas boosted its holdings in shares of Brunswick by 35.1% during the second quarter. Teacher Retirement System of Texas now owns 13,034 shares of the company’s stock worth $720,000 after purchasing an additional 3,385 shares during the period. Bessemer Group Inc. boosted its holdings in shares of Brunswick by 17.1% during the second quarter. Bessemer Group Inc. now owns 6,726 shares of the company’s stock worth $372,000 after purchasing an additional 983 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Brunswick by 14.3% during the second quarter. Envestnet Asset Management Inc. now owns 237,783 shares of the company’s stock worth $13,095,000 after purchasing an additional 29,795 shares during the period. Institutional investors and hedge funds own 99.34% of the company’s stock.

Brunswick Price Performance

Shares of Brunswick stock opened at $64.13 on Wednesday. The firm has a fifty day simple moving average of $64.79 and a 200-day simple moving average of $58.86. The company has a current ratio of 1.78, a quick ratio of 0.73 and a debt-to-equity ratio of 1.28. Brunswick Corporation has a 1-year low of $41.00 and a 1-year high of $87.65. The stock has a market capitalization of $4.19 billion, a price-to-earnings ratio of -17.62 and a beta of 1.36.

Brunswick (NYSE:BC) last issued its quarterly earnings data 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. Brunswick had a negative net margin of 4.60% and a positive return on equity of 10.55%. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the previous year, the company earned $1.17 earnings per share. Brunswick’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 expect that Brunswick Corporation will post 4.19 earnings per share for the current year.

Brunswick Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Wednesday, November 26th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Wednesday, November 26th. Brunswick’s payout ratio is presently -47.25%.

Wall Street Analyst Weigh In

BC has been the subject of several research reports. Morgan Stanley raised their price target on shares of Brunswick from $51.00 to $72.00 and gave the stock an “equal weight” rating in a report on Monday, October 27th. Zacks Research cut shares of Brunswick from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. DA Davidson raised their price target on shares of Brunswick from $43.00 to $59.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. B. Riley lifted their target price on shares of Brunswick from $60.00 to $70.00 and gave the company a “neutral” rating in a research note on Monday, September 8th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $65.00 target price on shares of Brunswick in a research note on Thursday, October 23rd. Seven analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, Brunswick presently has a consensus rating of “Hold” and an average target price of $73.54.

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.