Oppenheimer Asset Management Inc. Acquires New Shares in Brunswick Corporation $BC

Key Points

• Oppenheimer Asset Management acquired 67,733 Brunswick shares worth approximately $5.7 million, while institutional investors and hedge funds collectively own 99.34% of the company.
• Brunswick exceeded quarterly expectations, reporting $1.56 in EPS versus the $1.19 consensus and revenue of $1.56 billion, up 7.7% year over year. The company also declared a quarterly dividend of $0.44 per share, yielding about 2.1% annually.
• Analyst sentiment remains mixed, with a consensus rating of Hold and an average price target of $88, compared with the stock’s reported price of $82.49.

Oppenheimer Asset Management Inc. acquired a new position in shares of Brunswick Corporation (NYSE:BC - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 67,733 shares of the company's stock, valued at approximately $5,706,000. Oppenheimer Asset Management Inc. owned about 0.10% of Brunswick at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Summit Securities Group LLC acquired a new stake in shares of Brunswick in the 1st quarter worth about $27,000. Farther Finance Advisors LLC boosted its stake in Brunswick by 72.3% during the 4th quarter. Farther Finance Advisors LLC now owns 379 shares of the company's stock valued at $28,000 after purchasing an additional 159 shares during the period. Millstone Evans Group LLC acquired a new position in Brunswick during the 1st quarter valued at about $29,000. Quarry LP grew its position in Brunswick by 38.4% in 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 last quarter. Finally, Larson Financial Group LLC grew its position in Brunswick by 705.4% in the 3rd quarter. Larson Financial Group LLC now owns 596 shares of the company's stock worth $38,000 after purchasing an additional 522 shares during the last quarter. 99.34% of the stock is owned by institutional investors and hedge funds.

Brunswick Stock Up 1.1%

BC stock opened at $82.49 on Friday. Brunswick Corporation has a 52 week low of $58.56 and a 52 week high of $90.25. The company has a market capitalization of $5.35 billion, a price-to-earnings ratio of -62.97 and a beta of 1.33. The firm's 50-day moving average is $81.05 and its two-hundred day moving average is $79.88. 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 (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, topping analysts' consensus estimates of $1.19 by $0.37. The company had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.52 billion. Brunswick had a negative net margin of 1.53% and a positive return on equity of 15.28%. The business's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.90 EPS. Brunswick has set its Q3 2026 guidance at 1.200-1.400 EPS and its FY 2026 guidance at 4.350-4.750 EPS. On average, analysts forecast that Brunswick Corporation will post 4.54 earnings per share for the current fiscal year.

Brunswick Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders 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 2.1%. The ex-dividend date is Thursday, August 20th. Brunswick's dividend payout ratio is -134.35%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on BC shares. Morgan Stanley lifted their price target on Brunswick from $82.00 to $86.00 and gave the company an "equal weight" rating in a report on Tuesday, May 19th. DA Davidson reissued a "neutral" rating and issued a $76.00 price objective on shares of Brunswick in a report on Monday, May 18th. Robert W. Baird set a $92.00 target price on Brunswick in a research report on Friday, July 31st. Truist Financial lifted their target price on Brunswick from $93.00 to $94.00 and gave the company a "buy" rating in a research note on Monday, July 6th. Finally, Wall Street Zen lowered Brunswick from a "buy" rating to a "hold" rating in a research report on Saturday, April 25th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $88.00.

Insider Transactions at Brunswick

In other Brunswick news, CEO David M. Foulkes sold 25,853 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $83.12, for a total transaction of $2,148,901.36. Following the completion of the transaction, the chief executive officer directly owned 267,528 shares of the company's stock, valued at approximately $22,236,927.36. This trade represents a 8.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.99% of the company's stock.

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.

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