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

Brunswick Corporation (NYSE:BC) CEO David 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Brunswick Stock Performance

NYSE:BC opened at $83.67 on Thursday. The stock has a market cap of $5.44 billion, a P/E ratio of -39.84 and a beta of 1.33. 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 moving average is $77.14 and its 200-day moving average is $77.15. Brunswick Corporation has a 1-year low of $48.83 and a 1-year high of $90.25.

Brunswick (NYSE:BC) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.24. The company 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 business’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.56 earnings per share. Brunswick has set its FY 2026 guidance at 4.000-4.50 EPS and its Q2 2026 guidance at 1.100-1.20 EPS. Equities research analysts anticipate that Brunswick Corporation will post 4.29 earnings per share for the current year.

Brunswick Dividend Announcement

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

Wall Street Analyst Weigh In

BC has been the topic of several analyst reports. JPMorgan Chase & Co. upped their target price on Brunswick from $78.00 to $83.00 and gave the company a “neutral” rating in a report on Tuesday, April 28th. Griffin Securities set a $76.00 target price on Brunswick in a report on Monday, February 2nd. B. Riley Financial reiterated a “neutral” rating and issued a $80.00 target price (up from $70.00) on shares of Brunswick in a report on Friday, January 30th. Robert W. Baird set a $85.00 target price on Brunswick in a report on Friday, January 30th. Finally, DA Davidson reiterated a “neutral” rating and issued a $76.00 target price on shares of Brunswick in a report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Brunswick presently has an average rating of “Hold” and an average price target of $87.00.

Hedge Funds Weigh In On Brunswick

Institutional investors have recently modified their holdings of the company. Allianz Asset Management GmbH raised its position in shares of Brunswick by 191.0% during the third quarter. Allianz Asset Management GmbH now owns 214,150 shares of the company’s stock worth $13,543,000 after purchasing an additional 140,566 shares during the period. Interval Partners LP raised its position in Brunswick by 268.6% in the 3rd quarter. Interval Partners LP now owns 521,401 shares of the company’s stock valued at $32,973,000 after buying an additional 379,937 shares during the last quarter. Perbak Capital Partners LLP purchased a new stake in Brunswick in the 3rd quarter valued at $1,339,000. Federated Hermes Inc. raised its position in Brunswick by 26.0% in the 3rd quarter. Federated Hermes Inc. now owns 824,181 shares of the company’s stock valued at $52,121,000 after buying an additional 170,030 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in Brunswick by 70.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,700,164 shares of the company’s stock valued at $107,518,000 after buying an additional 700,447 shares during the last quarter. 99.34% of the stock is owned by institutional investors and hedge funds.

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.