First Trust Advisors LP reduced its stake in Brunswick Corporation (NYSE:BC – Free Report) by 85.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,173 shares of the company’s stock after selling 43,065 shares during the period. First Trust Advisors LP’s holdings in Brunswick were worth $522,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of the stock. Quarry LP raised its stake in shares of Brunswick by 38.4% in the 4th quarter. Quarry LP now owns 440 shares of the company’s stock valued at $33,000 after acquiring an additional 122 shares during the period. First Horizon Corp boosted its position in shares of Brunswick by 31.7% during the 4th quarter. First Horizon Corp now owns 548 shares of the company’s stock worth $41,000 after purchasing an additional 132 shares during the period. Verdence Capital Advisors LLC increased its holdings in Brunswick by 2.4% in the 4th quarter. Verdence Capital Advisors LLC now owns 6,783 shares of the company’s stock valued at $504,000 after purchasing an additional 156 shares during the last quarter. Farther Finance Advisors LLC raised its position in Brunswick by 72.3% in the fourth quarter. Farther Finance Advisors LLC now owns 379 shares of the company’s stock valued at $28,000 after purchasing an additional 159 shares during the period. Finally, NewEdge Advisors LLC lifted its stake in Brunswick by 15.2% during the third quarter. NewEdge Advisors LLC now owns 1,332 shares of the company’s stock worth $84,000 after purchasing an additional 176 shares in the last quarter. Hedge funds and other institutional investors own 99.34% of the company’s stock.
Insiders Place Their Bets
In other news, CEO David M. Foulkes sold 25,853 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $83.12, for a total transaction of $2,148,901.36. Following the completion of the sale, the chief executive officer owned 267,528 shares in the company, valued at approximately $22,236,927.36. The trade was a 8.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.99% of the company’s stock.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on Brunswick
Brunswick Stock Up 1.1%
Brunswick stock opened at $81.33 on Wednesday. The stock has a market cap of $5.27 billion, a PE ratio of -62.08 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. The stock’s fifty day moving average is $81.07 and its two-hundred day moving average is $79.95. Brunswick Corporation has a 1-year low of $57.05 and a 1-year high of $90.25.
Brunswick (NYSE:BC – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.56 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the prior year, the business posted $0.90 EPS. The business’s revenue for the quarter 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, sell-side analysts expect that Brunswick Corporation will post 4.54 EPS for the current fiscal year.
Brunswick Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Thursday, August 20th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 2.2%. The ex-dividend date is Thursday, August 20th. Brunswick’s dividend payout ratio is currently -134.35%.
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.
Featured Articles
- Five stocks we like better than Brunswick
- Atlassian Just Pulled Off the Software Comeback Wall Street Wanted
- AST SpaceMobile Earnings Just Reminded Investors How Risky Space Can Be
- NVIDIA’s Rally Sets Up a Bigger Test Ahead of Earnings
- Apple’s Next iPhone Could Test How Much Pricing Power Is Left
Want to see what other hedge funds are holding BC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brunswick Corporation (NYSE:BC – Free Report).
Receive News & Ratings for Brunswick Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brunswick and related companies with MarketBeat.com's FREE daily email newsletter.
