Deutsche Bank AG bought a new position in shares of Brunswick Corporation (NYSE:BC - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,534 shares of the company's stock, valued at approximately $1,140,000.
Other large investors have also modified their holdings of the company. Summit Securities Group LLC purchased a new position in Brunswick in the 1st quarter valued at about $27,000. Farther Finance Advisors LLC boosted its position in Brunswick by 72.3% during the fourth quarter. Farther Finance Advisors LLC now owns 379 shares of the company's stock worth $28,000 after acquiring an additional 159 shares during the last quarter. Millstone Evans Group LLC purchased a new stake in Brunswick in the 1st quarter worth approximately $29,000. Quarry LP grew its stake in Brunswick by 38.4% in the 4th quarter. Quarry LP now owns 440 shares of the company's stock worth $33,000 after acquiring an additional 122 shares during the period. Finally, Larson Financial Group LLC raised its holdings 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 acquiring an additional 522 shares during the last quarter. 99.34% of the stock is currently owned by institutional investors and hedge funds.
Brunswick Stock Performance
Shares of BC stock opened at $76.60 on Monday. The stock has a market capitalization of $4.96 billion, a price-to-earnings ratio of -58.47 and a beta of 1.33. Brunswick Corporation has a one year low of $58.56 and a one year high of $90.25. The company's 50-day simple moving average is $80.72 and its 200-day simple moving average is $79.52. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.65 and a current ratio of 1.45.
Brunswick (NYSE:BC - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.56 earnings per share for the quarter, beating analysts' consensus estimates of $1.19 by $0.37. Brunswick had a positive return on equity of 15.28% and a negative net margin of 1.53%.The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the previous year, the business earned $0.90 EPS. The business's quarterly revenue was up 7.7% on a year-over-year basis. Brunswick has set its Q3 2026 guidance at 1.200-1.400 EPS and its FY 2026 guidance at 4.350-4.750 EPS. Equities analysts anticipate that Brunswick Corporation will post 4.55 earnings per share for the current fiscal year.
Brunswick Announces Dividend
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 paid a dividend of $0.44 per share. The ex-dividend date is Thursday, August 20th. This represents a $1.76 annualized dividend and a yield of 2.3%. Brunswick's dividend payout ratio is -134.35%.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on BC shares. DA Davidson reissued a "neutral" rating and set a $76.00 price objective on shares of Brunswick in a research note on Monday, August 17th. Robert W. Baird set a $92.00 price target on Brunswick in a research report on Friday, July 31st. Morgan Stanley raised their price objective on Brunswick from $82.00 to $86.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 19th. 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. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of Brunswick in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $88.00.
Check Out Our Latest Analysis on BC
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.
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