Pacer Advisors Inc. trimmed its position in Brunswick Corporation (NYSE:BC – Free Report) by 97.0% in the 1st quarter, Holdings Channel.com reports. The fund owned 9,572 shares of the company’s stock after selling 310,912 shares during the quarter. Pacer Advisors Inc.’s holdings in Brunswick were worth $696,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of BC. Royal Bank of Canada increased its stake in Brunswick by 10.7% during the 1st quarter. Royal Bank of Canada now owns 149,000 shares of the company’s stock valued at $8,024,000 after purchasing an additional 14,395 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Brunswick by 133.6% during the first quarter. AQR Capital Management LLC now owns 77,326 shares of the company’s stock worth $4,076,000 after purchasing an additional 44,228 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Brunswick by 142.9% during the first quarter. Goldman Sachs Group Inc. now owns 346,503 shares of the company’s stock valued at $18,659,000 after purchasing an additional 203,838 shares during the period. United Services Automobile Association acquired a new position in Brunswick during the first quarter valued at $214,000. Finally, Geneos Wealth Management Inc. boosted its holdings in Brunswick by 477.0% in the first quarter. Geneos Wealth Management Inc. now owns 727 shares of the company’s stock valued at $39,000 after purchasing an additional 601 shares during the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.
Insider Activity at Brunswick
In other Brunswick news, CEO David M. Foulkes sold 25,853 shares of the company’s stock in a transaction dated 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.99% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
Check Out Our Latest Analysis on Brunswick
Brunswick Stock Performance
NYSE BC opened at $80.10 on Tuesday. The company has a fifty day moving average of $81.08 and a two-hundred day moving average of $80.00. The company has a market capitalization of $5.19 billion, a PE ratio of -61.15 and a beta of 1.33. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.45 and a quick ratio of 0.65. Brunswick Corporation has a 1 year low of $55.84 and a 1 year high of $90.25.
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, topping the consensus estimate of $1.19 by $0.37. Brunswick had a negative net margin of 1.53% and a positive return on equity of 15.28%. The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the prior year, the firm earned $0.90 earnings per share. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. Brunswick has set its Q3 2026 guidance at 1.200-1.400 EPS and its FY 2026 guidance at 4.350-4.750 EPS. As a group, analysts expect that Brunswick Corporation will post 4.54 earnings per share for the current year.
Brunswick Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Thursday, August 20th will be issued a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $1.76 annualized dividend and a yield of 2.2%. Brunswick’s payout ratio is currently -134.35%.
About Brunswick
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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