Bank of New York Mellon Corp Sells 32,232 Shares of Brunswick Corporation $BC

Bank of New York Mellon Corp cut its holdings in Brunswick Corporation (NYSE:BC) by 2.3% during the first quarter, HoldingsChannel reports. The firm owned 1,379,595 shares of the company’s stock after selling 32,232 shares during the period. Bank of New York Mellon Corp’s holdings in Brunswick were worth $100,379,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Swedbank AB acquired a new position in shares of Brunswick in the 4th quarter valued at $10,394,000. Massachusetts Financial Services Co. MA boosted its position in shares of Brunswick by 2.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,572,892 shares of the company’s stock valued at $265,252,000 after acquiring an additional 78,228 shares in the last quarter. Global Alpha Capital Management Ltd. increased its stake in Brunswick by 21.4% in the fourth quarter. Global Alpha Capital Management Ltd. now owns 328,523 shares of the company’s stock valued at $24,390,000 after acquiring an additional 57,895 shares during the period. Ritholtz Wealth Management bought a new stake in Brunswick in the first quarter valued at about $914,000. Finally, Deprince Race & Zollo Inc. raised its position in Brunswick by 0.8% in the fourth quarter. Deprince Race & Zollo Inc. now owns 1,866,872 shares of the company’s stock worth $138,597,000 after purchasing an additional 14,822 shares in the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

Insider Buying and Selling

In other Brunswick news, CEO David M. Foulkes sold 25,853 shares of the firm’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 completion of the sale, the chief executive officer owned 267,528 shares in the company, valued at approximately $22,236,927.36. This trade represents a 8.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.99% of the stock is currently owned by corporate insiders.

Brunswick Trading Down 1.7%

Shares of BC opened at $79.09 on Tuesday. The stock has a fifty day moving average price of $80.80 and a two-hundred day moving average price of $80.29. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.62 and a current ratio of 1.38. Brunswick Corporation has a 52-week low of $55.60 and a 52-week high of $90.25. The company has a market cap of $5.14 billion, a price-to-earnings ratio of -37.66 and a beta of 1.33.

Brunswick (NYSE:BC) last announced its earnings results on Thursday, April 30th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.46 by $0.24. Brunswick had a positive return on equity of 13.30% and a negative net margin of 2.47%.The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the prior year, the business earned $0.56 earnings per share. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. Brunswick has set its FY 2026 guidance at 4.000-4.50 EPS and its Q2 2026 guidance at 1.100-1.20 EPS. Analysts predict that Brunswick Corporation will post 4.31 EPS for the current fiscal year.

Brunswick Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, May 18th were issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.76 dividend on an annualized basis and a yield of 2.2%. Brunswick’s dividend payout ratio is currently -83.81%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BC. Wall Street Zen cut shares of Brunswick from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. DA Davidson reissued a “neutral” rating and issued a $76.00 target price on shares of Brunswick in a report on Monday, May 18th. Morgan Stanley raised their target price on Brunswick from $82.00 to $86.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 19th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Brunswick in a research report on Wednesday, June 24th. Finally, Truist Financial boosted their target price on shares of Brunswick from $93.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $87.07.

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.