11,743 Shares in Brunswick Corporation $BC Acquired by Maverick Capital Ltd.

Maverick Capital Ltd. bought a new position in shares of Brunswick Corporation (NYSE:BC) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 11,743 shares of the company’s stock, valued at approximately $854,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA grew its stake in shares of Brunswick by 2.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,572,892 shares of the company’s stock worth $265,252,000 after acquiring an additional 78,228 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Brunswick by 2.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,931,104 shares of the company’s stock valued at $213,253,000 after acquiring an additional 82,689 shares in the last quarter. Marshall Wace LLP boosted its holdings in Brunswick by 30.6% in the fourth quarter. Marshall Wace LLP now owns 1,921,479 shares of the company’s stock valued at $142,651,000 after purchasing an additional 449,943 shares during the period. Deprince Race & Zollo Inc. grew its stake in Brunswick by 0.8% during the 4th 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. Finally, Alliancebernstein L.P. increased its holdings in Brunswick by 23.2% during the 2nd quarter. Alliancebernstein L.P. now owns 1,420,922 shares of the company’s stock worth $78,492,000 after purchasing an additional 267,479 shares during the period. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Wall Street Analyst Weigh In

BC has been the subject of a number of analyst reports. Morgan Stanley boosted their price objective 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 note on Wednesday, June 24th. Wall Street Zen cut shares of Brunswick from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Truist Financial increased their price objective on shares of Brunswick from $93.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, July 6th. Finally, DA Davidson restated a “neutral” rating and issued a $76.00 price objective on shares of Brunswick in a report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, six have issued 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.com, the company has an average rating of “Hold” and a consensus target price of $87.07.

Insider Buying and Selling at Brunswick

In other 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 sale, the chief executive officer directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.99% of the company’s stock.

Brunswick Trading Up 1.5%

Shares of Brunswick stock opened at $81.87 on Wednesday. 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 company has a fifty day simple moving average of $81.23 and a 200-day simple moving average of $80.41. The stock has a market cap of $5.32 billion, a price-to-earnings ratio of -38.99 and a beta of 1.33. Brunswick Corporation has a 12-month low of $55.60 and a 12-month high of $90.25.

Brunswick (NYSE:BC) last announced its quarterly 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 negative net margin of 2.47% and a positive return on equity of 13.30%. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period last year, the business earned $0.56 EPS. Brunswick’s revenue for the quarter was up 12.8% compared to the same quarter last year. Brunswick has set its FY 2026 guidance at 4.000-4.50 EPS and its Q2 2026 guidance at 1.100-1.20 EPS. On average, equities analysts forecast that Brunswick Corporation will post 4.31 EPS for the current fiscal year.

Brunswick Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Thursday, August 20th will be given a dividend of $0.44 per share. The ex-dividend date is Thursday, August 20th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.1%. Brunswick’s payout ratio is -83.81%.

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.