David Foulkes Sells 25,853 Shares of Brunswick (NYSE:BC) Stock

Brunswick Corporation (NYSE:BC) CEO David Foulkes sold 25,853 shares of the company’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 value of $2,148,901.36. Following the completion of the transaction, the chief executive officer directly owned 267,528 shares in the company, valued at $22,236,927.36. This trade represents a 8.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Brunswick Stock Performance

BC stock opened at $83.72 on Friday. The stock has a market capitalization of $5.44 billion, a PE ratio of -39.87 and a beta of 1.33. Brunswick Corporation has a 12-month low of $48.83 and a 12-month high of $90.25. The company has a current ratio of 1.38, a quick ratio of 0.62 and a debt-to-equity ratio of 1.13. The stock’s 50 day simple moving average is $77.39 and its 200 day simple moving average is $77.28.

Brunswick (NYSE:BC) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.24. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Brunswick had a positive return on equity of 13.30% and a negative net margin of 2.47%.The firm’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.56 EPS. Brunswick has set its FY 2026 guidance at 4.000-4.50 EPS and its Q2 2026 guidance at 1.100-1.20 EPS. As a group, research analysts forecast that Brunswick Corporation will post 4.29 earnings per share for the current fiscal year.

Brunswick Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, May 18th will be given a $0.44 dividend. The ex-dividend date of this dividend is Monday, May 18th. This represents a $1.76 annualized dividend and a yield of 2.1%. Brunswick’s dividend payout ratio is -83.81%.

Hedge Funds Weigh In On Brunswick

A number of institutional investors have recently bought and sold shares of BC. American Century Companies Inc. grew its holdings in Brunswick by 56.4% during the third quarter. American Century Companies Inc. now owns 2,302,918 shares of the company’s stock valued at $145,637,000 after purchasing an additional 830,451 shares during the period. Bank of New York Mellon Corp grew its holdings in Brunswick by 70.1% during the third quarter. Bank of New York Mellon Corp now owns 1,700,164 shares of the company’s stock valued at $107,518,000 after purchasing an additional 700,447 shares during the period. Bank of America Corp DE grew its holdings in Brunswick by 296.1% during the first quarter. Bank of America Corp DE now owns 872,368 shares of the company’s stock valued at $63,474,000 after purchasing an additional 652,136 shares during the period. Norges Bank bought a new stake in Brunswick during the fourth quarter valued at about $46,665,000. Finally, AQR Capital Management LLC grew its holdings in Brunswick by 812.7% during the second quarter. AQR Capital Management LLC now owns 705,719 shares of the company’s stock valued at $38,934,000 after purchasing an additional 628,393 shares during the period. 99.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Wall Street Zen cut Brunswick from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Morgan Stanley increased their price target on Brunswick from $82.00 to $86.00 and gave the company an “equal weight” rating in a report on Tuesday, May 19th. Texas Capital raised Brunswick from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 10th. Truist Financial increased their price target on Brunswick from $92.00 to $93.00 and gave the company a “buy” rating in a report on Monday, April 27th. Finally, JPMorgan Chase & Co. increased their price target on Brunswick from $78.00 to $83.00 and gave the company a “neutral” rating in a report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $87.00.

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.