Representative Jefferson Shreve (R-Indiana) recently bought shares of Brunswick Co. NYSE: BC. In a filing disclosed on March 09th, the Representative disclosed that they had bought between $15,001 and $50,000 in Brunswick stock on February 24th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.
Representative Jefferson Shreve also recently made the following trade(s):
- Sold $15,001 - $50,000 in shares of AvalonBay Communities NYSE: AVB on 2/24/2025.
- Purchased $15,001 - $50,000 in shares of RTX NYSE: RTX on 2/24/2025.
- Purchased $15,001 - $50,000 in shares of Royal Gold NASDAQ: RGLD on 2/24/2025.
- Purchased $15,001 - $50,000 in shares of QUALCOMM NASDAQ: QCOM on 2/24/2025.
- Purchased $15,001 - $50,000 in shares of Pfizer NYSE: PFE on 2/24/2025.
- Sold $15,001 - $50,000 in shares of Norfolk Southern NYSE: NSC on 2/24/2025.
- Purchased $15,001 - $50,000 in shares of CoStar Group NASDAQ: CSGP on 2/24/2025.
- Purchased $50,001 - $100,000 in shares of AbbVie NYSE: ABBV on 2/24/2025.
- Purchased $15,001 - $50,000 in shares of Johnson & Johnson NYSE: JNJ on 2/24/2025.
- Purchased $15,001 - $50,000 in shares of The Cigna Group NYSE: CI on 2/24/2025.
Brunswick Stock Performance
Brunswick stock traded up $1.44 during midday trading on Friday, hitting $57.66. 638,370 shares of the company were exchanged, compared to its average volume of 685,249. The business has a fifty day simple moving average of $64.33 and a two-hundred day simple moving average of $73.51. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 1.65. The firm has a market capitalization of $3.80 billion, a PE ratio of 30.35 and a beta of 1.54. Brunswick Co. has a fifty-two week low of $54.97 and a fifty-two week high of $96.65.
Brunswick (NYSE:BC - Get Free Report) last posted its earnings results on Thursday, January 30th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.06. Brunswick had a net margin of 2.48% and a return on equity of 15.41%. During the same quarter last year, the business posted $1.45 earnings per share. On average, sell-side analysts forecast that Brunswick Co. will post 4.19 earnings per share for the current year.
Brunswick Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, February 24th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 2.98%. The ex-dividend date is Monday, February 24th. This is a boost from Brunswick's previous quarterly dividend of $0.42. Brunswick's payout ratio is 90.53%.
Hedge Funds Weigh In On Brunswick
Institutional investors have recently bought and sold shares of the company. Massachusetts Financial Services Co. MA raised its position in shares of Brunswick by 17.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,090,078 shares of the company's stock valued at $259,010,000 after buying an additional 452,116 shares during the period. Turtle Creek Asset Management Inc. increased its position in shares of Brunswick by 19.7% during the 4th quarter. Turtle Creek Asset Management Inc. now owns 2,965,460 shares of the company's stock worth $191,806,000 after purchasing an additional 488,412 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Brunswick by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,084,038 shares of the company's stock valued at $134,796,000 after buying an additional 10,951 shares during the period. JPMorgan Chase & Co. lifted its position in Brunswick by 18.1% in the fourth quarter. JPMorgan Chase & Co. now owns 1,757,186 shares of the company's stock valued at $113,655,000 after buying an additional 269,413 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in Brunswick by 2.9% during the fourth quarter. American Century Companies Inc. now owns 1,462,558 shares of the company's stock worth $94,599,000 after buying an additional 41,583 shares during the period. 99.34% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
BC has been the topic of several research analyst reports. Citigroup dropped their price objective on Brunswick from $92.00 to $85.00 and set a "buy" rating on the stock in a report on Tuesday, January 28th. Benchmark dropped their price target on shares of Brunswick from $100.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Roth Mkm reduced their price objective on shares of Brunswick from $91.00 to $85.00 and set a "buy" rating for the company in a research report on Friday, January 24th. B. Riley upgraded shares of Brunswick to a "hold" rating in a research report on Wednesday, February 12th. Finally, Morgan Stanley upped their price target on shares of Brunswick from $64.00 to $65.00 and gave the stock an "equal weight" rating in a research report on Friday, January 31st. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, Brunswick presently has an average rating of "Moderate Buy" and an average price target of $81.62.
Check Out Our Latest Stock Report on Brunswick
Insider Buying and Selling at Brunswick
In other Brunswick news, SVP Randall S. Altman sold 3,417 shares of Brunswick stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $63.21, for a total value of $215,988.57. Following the completion of the transaction, the senior vice president now directly owns 26,683 shares of the company's stock, valued at $1,686,632.43. The trade was a 11.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Nancy E. Cooper sold 433 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $65.65, for a total transaction of $28,426.45. Following the sale, the director now directly owns 25,361 shares in the company, valued at $1,664,949.65. This represents a 1.68 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.81% of the company's stock.
About Representative Shreve
Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election.
Email editor@ballotpedia.org to notify us of updates to this biography.
Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive.
Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.
Brunswick Company Profile
(
Get Free Report)
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.
See Also
Before you consider Brunswick, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Brunswick wasn't on the list.
While Brunswick currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
