Castleark Management LLC Buys Shares of 56,720 Brunswick Corporation $BC

Castleark Management LLC bought a new stake in Brunswick Corporation (NYSE:BC) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 56,720 shares of the company’s stock, valued at approximately $4,778,000. Castleark Management LLC owned approximately 0.09% of Brunswick as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Summit Securities Group LLC acquired a new position in Brunswick during the first quarter valued at $27,000. Farther Finance Advisors LLC lifted its position in shares of Brunswick by 72.3% in the fourth quarter. Farther Finance Advisors LLC now owns 379 shares of the company’s stock worth $28,000 after purchasing an additional 159 shares in the last quarter. Millstone Evans Group LLC acquired a new stake in shares of Brunswick during the first quarter worth approximately $29,000. Quarry LP grew its position in Brunswick by 38.4% during the fourth quarter. Quarry LP now owns 440 shares of the company’s stock valued at $33,000 after purchasing an additional 122 shares in the last quarter. Finally, Larson Financial Group LLC increased its stake in Brunswick by 705.4% in the 3rd quarter. Larson Financial Group LLC now owns 596 shares of the company’s stock valued at $38,000 after buying an additional 522 shares during the period. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Brunswick Stock Down 1.1%

Brunswick stock opened at $80.36 on Wednesday. The company has a current ratio of 1.45, a quick ratio of 0.65 and a debt-to-equity ratio of 1.08. Brunswick Corporation has a 1-year low of $58.56 and a 1-year high of $90.25. The firm’s fifty day simple moving average is $80.99 and its 200-day simple moving average is $79.71. The company has a market capitalization of $5.21 billion, a P/E ratio of -61.35 and a beta of 1.33.

Brunswick (NYSE:BC) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.37. The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.52 billion. Brunswick had a negative net margin of 1.53% and a positive return on equity of 15.28%. Brunswick’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.90 earnings per share. Brunswick has set its Q3 2026 guidance at 1.200-1.400 EPS and its FY 2026 guidance at 4.350-4.750 EPS. Sell-side analysts forecast that Brunswick Corporation will post 4.55 earnings per share for the current fiscal year.

Brunswick Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Thursday, August 20th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Thursday, August 20th. Brunswick’s dividend payout ratio is -134.35%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on BC shares. JPMorgan Chase & Co. lifted their target price on shares of Brunswick from $78.00 to $83.00 and gave the company a “neutral” rating in a research note on Tuesday, April 28th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Brunswick in a report on Wednesday, June 24th. Truist Financial lifted 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. William Blair set a $94.00 target price on Brunswick in a research note on Thursday, August 13th. Finally, DA Davidson restated a “neutral” rating and issued a $76.00 target price on shares of Brunswick in a research note on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $88.00.

Brunswick Company 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.