Massachusetts Financial Services Co. MA Grows Position in Brunswick Corporation $BC

Massachusetts Financial Services Co. MA boosted its position in shares of Brunswick Corporation (NYSE:BC) by 0.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,494,664 shares of the company’s stock after buying an additional 11,777 shares during the period. Massachusetts Financial Services Co. MA owned 0.05% of Brunswick worth $221,003,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Global Alpha Capital Management Ltd. boosted its stake in Brunswick by 26.6% during the 2nd quarter. Global Alpha Capital Management Ltd. now owns 272,028 shares of the company’s stock worth $15,027,000 after purchasing an additional 57,100 shares during the period. Bryn Mawr Trust Advisors LLC purchased a new stake in shares of Brunswick in the second quarter valued at about $224,000. Garner Asset Management Corp boosted its stake in shares of Brunswick by 33.4% during the second quarter. Garner Asset Management Corp now owns 29,732 shares of the company’s stock worth $1,642,000 after buying an additional 7,444 shares during the period. New York State Common Retirement Fund grew its holdings in shares of Brunswick by 33.1% during the second quarter. New York State Common Retirement Fund now owns 399,962 shares of the company’s stock worth $22,094,000 after buying an additional 99,391 shares during the last quarter. Finally, Creative Planning increased its position in Brunswick by 95.5% in the 2nd quarter. Creative Planning now owns 21,070 shares of the company’s stock valued at $1,164,000 after acquiring an additional 10,292 shares during the period. 99.34% of the stock is owned by institutional investors and hedge funds.

Brunswick Trading Down 0.1%

Shares of BC stock opened at $88.63 on Tuesday. The business’s fifty day moving average price is $73.71 and its 200 day moving average price is $66.84. The firm has a market capitalization of $5.76 billion, a PE ratio of -24.35 and a beta of 1.36. 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 1-year low of $41.00 and a 1-year high of $89.61.

Brunswick (NYSE:BC) last released its earnings results on Thursday, October 23rd. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the company earned $1.17 earnings per share. Brunswick’s quarterly revenue was up 6.8% compared to the same quarter last year. Brunswick has set its FY 2025 guidance at 3.250-3.25 EPS. As a group, sell-side analysts forecast that Brunswick Corporation will post 4.19 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on BC shares. Truist Financial increased their price objective on Brunswick from $60.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Brunswick in a report on Monday, December 29th. Wolfe Research set a $90.00 price objective on shares of Brunswick in a research report on Monday, January 12th. JPMorgan Chase & Co. upped their price objective on shares of Brunswick from $63.00 to $70.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 23rd. Finally, Loop Capital began coverage on shares of Brunswick in a research note on Monday, December 22nd. They issued a “hold” rating and a $74.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Brunswick has a consensus rating of “Hold” and an average target price of $79.36.

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.