Castleark Management LLC Invests $5.76 Million in Brunswick Corporation $BC

Castleark Management LLC purchased a new position in Brunswick Corporation (NYSE:BC) in the 1st quarter, HoldingsChannel.com reports. The firm purchased 79,110 shares of the company’s stock, valued at approximately $5,756,000.

Other hedge funds have also bought and sold shares of the company. Summit Securities Group LLC purchased a new stake in Brunswick in the first quarter worth about $27,000. Farther Finance Advisors LLC lifted its holdings in shares of Brunswick by 72.3% during 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 last quarter. Millstone Evans Group LLC purchased a new position in shares of Brunswick during the first quarter valued at approximately $29,000. V Square Quantitative Management LLC bought a new stake in shares of Brunswick in the 4th quarter worth approximately $30,000. Finally, Quarry LP boosted its position in shares of Brunswick by 38.4% in the 4th quarter. Quarry LP now owns 440 shares of the company’s stock worth $33,000 after purchasing an additional 122 shares in the last quarter. Institutional investors own 99.34% of the company’s stock.

Brunswick Price Performance

Shares of BC opened at $80.55 on Tuesday. Brunswick Corporation has a twelve month low of $55.60 and a twelve month high of $90.25. The company has a market capitalization of $5.23 billion, a P/E ratio of -38.36 and a beta of 1.33. The firm has a 50 day moving average of $81.07 and a 200 day moving average of $80.43. The company has a quick ratio of 0.62, a current ratio of 1.38 and a debt-to-equity ratio of 1.13.

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, equities research analysts anticipate that Brunswick Corporation will post 4.31 earnings per share for the current fiscal year.

Brunswick Dividend Announcement

The firm 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 $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 (DPR) is presently -83.81%.

Insider Buying and Selling

In other Brunswick news, CEO David M. Foulkes sold 25,853 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was 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 owned 267,528 shares of the company’s stock, 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 hyperlink. Insiders own 0.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BC. Truist Financial raised their price objective on Brunswick from $93.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, July 6th. 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 increased their target price on Brunswick from $82.00 to $86.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 19th. Wall Street Zen downgraded Brunswick from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Finally, JPMorgan Chase & Co. lifted their price target on Brunswick from $78.00 to $83.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price 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.