California State Teachers Retirement System grew its stake in Brunswick Corporation (NYSE:BC - Free Report) by 28.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 78,652 shares of the company's stock after purchasing an additional 17,489 shares during the period. California State Teachers Retirement System owned approximately 0.12% of Brunswick worth $5,723,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently made changes to their positions in BC. Summit Securities Group LLC purchased a new stake in Brunswick in the 1st quarter valued at about $27,000. Farther Finance Advisors LLC raised its stake in shares of Brunswick by 72.3% in the 4th quarter. Farther Finance Advisors LLC now owns 379 shares of the company's stock valued at $28,000 after acquiring an additional 159 shares during the period. Millstone Evans Group LLC acquired a new position in shares of Brunswick in the 1st quarter worth approximately $29,000. V Square Quantitative Management LLC purchased a new position in shares of Brunswick during the 4th quarter worth approximately $30,000. Finally, Quarry LP boosted its position in shares of Brunswick by 38.4% during the 4th quarter. Quarry LP now owns 440 shares of the company's stock worth $33,000 after purchasing an additional 122 shares during the period. Institutional investors and hedge funds own 99.34% of the company's stock.
Insider Transactions at Brunswick
In other Brunswick news, CEO David M. Foulkes sold 25,853 shares of the business's stock in a transaction on 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 transaction, 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.99% of the company's stock.
Brunswick Stock Performance
NYSE BC opened at $81.07 on Friday. The company has a fifty day moving average of $81.18 and a two-hundred day moving average of $80.08. The company has a market capitalization of $5.27 billion, a PE ratio of -61.89 and a beta of 1.33. Brunswick Corporation has a 1 year low of $55.84 and a 1 year high of $90.25. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.45 and a quick ratio of 0.65.
Brunswick (NYSE:BC - Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $1.56 EPS for the quarter, beating analysts' consensus estimates of $1.19 by $0.37. Brunswick had a negative net margin of 1.53% and a positive return on equity of 15.28%. The business had revenue of $1.56 billion during the quarter, compared to analysts' expectations of $1.52 billion. During the same period in the prior year, the company earned $0.90 earnings per share. The business's revenue was up 7.7% compared to the same quarter last year. Brunswick has set its Q3 2026 guidance at 1.200-1.400 EPS and its FY 2026 guidance at 4.350-4.750 EPS. As a group, analysts expect that Brunswick Corporation will post 4.54 earnings per share for the current year.
Brunswick Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Thursday, August 20th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Thursday, August 20th. Brunswick's dividend payout ratio (DPR) is -134.35%.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on the company. Weiss Ratings reissued a "sell (d+)" rating on shares of Brunswick in a research 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 note on Monday, July 6th. Wall Street Zen downgraded Brunswick from a "buy" rating to a "hold" rating in a report on Saturday, April 25th. Robert W. Baird set a $92.00 target price on Brunswick in a research note on Friday, July 31st. Finally, JPMorgan Chase & Co. raised 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. One investment 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. According to MarketBeat, Brunswick presently has an average rating of "Hold" and a consensus target price of $87.57.
Check Out Our Latest Analysis on Brunswick
About Brunswick
(
Free Report)
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.
Further Reading
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