Royal Bank of Canada reduced its position in Brunswick Corporation (NYSE:BC – Free Report) by 10.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 147,634 shares of the company’s stock after selling 17,147 shares during the period. Royal Bank of Canada owned approximately 0.23% of Brunswick worth $10,742,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Norges Bank purchased a new position in Brunswick in the fourth quarter valued at approximately $46,665,000. AQR Capital Management LLC grew its stake in Brunswick by 812.7% during the second quarter. AQR Capital Management LLC now owns 705,719 shares of the company’s stock worth $38,934,000 after buying an additional 628,393 shares during the period. Invesco Ltd. increased its position in shares of Brunswick by 381.4% in the fourth quarter. Invesco Ltd. now owns 765,651 shares of the company’s stock worth $56,842,000 after acquiring an additional 606,618 shares in the last quarter. Marshall Wace LLP raised its stake in shares of Brunswick by 62.4% in the 3rd quarter. Marshall Wace LLP now owns 1,471,536 shares of the company’s stock valued at $93,060,000 after acquiring an additional 565,459 shares during the period. Finally, Franklin Resources Inc. raised its stake in shares of Brunswick by 59.8% in the 3rd quarter. Franklin Resources Inc. now owns 917,649 shares of the company’s stock valued at $58,032,000 after acquiring an additional 343,297 shares during the period. Hedge funds and other institutional investors own 99.34% of the company’s stock.
Analyst Ratings Changes
A number of analysts recently weighed in on the stock. Wall Street Zen cut shares of Brunswick from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. JPMorgan Chase & Co. raised their price objective on Brunswick from $78.00 to $83.00 and gave the company a “neutral” rating in a research report on Tuesday, April 28th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Brunswick in a research report on Wednesday, June 24th. DA Davidson reiterated a “neutral” rating and issued a $76.00 target price on shares of Brunswick in a research note on Monday, May 18th. Finally, Truist Financial raised their target price on Brunswick from $93.00 to $94.00 and gave the company a “buy” rating in a report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $87.57.
Brunswick Stock Performance
Shares of BC stock opened at $81.51 on Friday. Brunswick Corporation has a 12 month low of $55.84 and a 12 month high of $90.25. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.45 and a quick ratio of 0.65. The firm has a market capitalization of $5.30 billion, a P/E ratio of -62.22 and a beta of 1.33. The company’s fifty day moving average price is $81.13 and its two-hundred day moving average price is $80.09.
Brunswick (NYSE:BC – Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.37. Brunswick had a positive return on equity of 15.28% and a negative net margin of 1.53%.The company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period last year, the firm earned $0.90 earnings per share. The company’s revenue was up 7.7% on a year-over-year basis. Brunswick has set its Q3 2026 guidance at 1.200-1.400 EPS and its FY 2026 guidance at 4.350-4.750 EPS. On average, research analysts anticipate that Brunswick Corporation will post 4.54 earnings per share for the current fiscal year.
Brunswick Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Thursday, August 20th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.2%. Brunswick’s dividend payout ratio (DPR) is presently -134.35%.
Insider Activity
In related news, CEO David M. Foulkes sold 25,853 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $83.12, for a total value of $2,148,901.36. Following the sale, the chief executive officer directly owned 267,528 shares of the company’s stock, valued at $22,236,927.36. This represents a 8.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.99% of the company’s stock.
Brunswick Company 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.
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