Rep. Jefferson Shreve Buys Brunswick Co. (NYSE:BC) Stock

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 Price Performance

Shares of Brunswick stock opened at $58.82 on Tuesday. Brunswick Co. has a twelve month low of $55.40 and a twelve month high of $96.65. The stock has a market capitalization of $3.87 billion, a P/E ratio of 30.96 and a beta of 1.54. The company has a current ratio of 1.65, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. The business’s fifty day moving average price is $64.90 and its 200 day moving average price is $74.04.

Brunswick (NYSE:BC) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.18 by $0.06. Brunswick had a return on equity of 15.41% and a net margin of 2.48%. During the same period last year, the firm earned $1.45 EPS. As a group, research analysts anticipate that Brunswick Co. will post 4.19 earnings per share for the current year.

Brunswick Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, February 24th will be issued a $0.43 dividend. The ex-dividend date is Monday, February 24th. This represents a $1.72 dividend on an annualized basis and a yield of 2.92%. This is a boost from Brunswick’s previous quarterly dividend of $0.42. Brunswick’s dividend payout ratio (DPR) is presently 90.53%.

Analyst Upgrades and Downgrades

BC has been the topic of several research reports. Truist Financial cut their price objective on Brunswick from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Robert W. Baird set a $90.00 target price on Brunswick in a research report on Friday, January 31st. DA Davidson dropped their target price on Brunswick from $80.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 22nd. Stifel Nicolaus dropped their target price on Brunswick from $95.00 to $86.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. Finally, B. Riley raised Brunswick to a “hold” rating in a research report on Wednesday, February 12th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $81.62.

Insider Transactions at Brunswick

In other news, Director Nancy E. Cooper sold 433 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $65.65, for a total transaction of $28,426.45. Following the completion of the transaction, the director now directly owns 25,361 shares in the company, valued at approximately $1,664,949.65. The trade was a 1.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Randall S. Altman sold 3,417 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $63.21, for a total value of $215,988.57. Following the transaction, the senior vice president now owns 26,683 shares of the company’s stock, valued at approximately $1,686,632.43. This represents a 11.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.81% of the company’s stock.

Institutional Trading of Brunswick

Hedge funds and other institutional investors have recently bought and sold shares of the company. Oak Thistle LLC acquired a new position in Brunswick in the fourth quarter valued at approximately $368,000. Bank of New York Mellon Corp boosted its stake in Brunswick by 16.7% in the fourth quarter. Bank of New York Mellon Corp now owns 766,509 shares of the company’s stock valued at $49,578,000 after acquiring an additional 109,728 shares during the period. Global Alpha Capital Management Ltd. boosted its stake in Brunswick by 47.5% in the third quarter. Global Alpha Capital Management Ltd. now owns 240,128 shares of the company’s stock valued at $20,128,000 after acquiring an additional 77,340 shares during the period. JPMorgan Chase & Co. boosted its stake in Brunswick by 7.4% in the third quarter. JPMorgan Chase & Co. now owns 1,487,773 shares of the company’s stock valued at $124,705,000 after acquiring an additional 102,780 shares during the period. Finally, Barclays PLC boosted its stake in Brunswick by 78.6% in the third quarter. Barclays PLC now owns 118,189 shares of the company’s stock valued at $9,907,000 after acquiring an additional 52,024 shares during the period. 99.34% of the stock is owned by institutional investors.

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 [email protected] 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.

About Brunswick

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.