David Foulkes Sells 25,853 Shares of Brunswick (NYSE:BC) Stock

Brunswick Corporation (NYSE:BC) CEO David Foulkes sold 25,853 shares of the 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Brunswick Price Performance

NYSE BC traded up $0.30 on Wednesday, reaching $83.67. 490,416 shares of the stock traded hands, compared to its average volume of 914,952. The firm’s fifty day simple moving average is $76.90 and its 200 day simple moving average is $77.02. The company has a quick ratio of 0.62, a current ratio of 1.38 and a debt-to-equity ratio of 1.13. The company has a market cap of $5.44 billion, a price-to-earnings ratio of -39.84 and a beta of 1.33. Brunswick Corporation has a 12 month low of $48.83 and a 12 month high of $90.25.

Brunswick (NYSE:BC) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.24. The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.32 billion. Brunswick had a positive return on equity of 13.30% and a negative net margin of 2.47%.The firm’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period last year, the company posted $0.56 EPS. Brunswick has set its FY 2026 guidance at 4.000-4.50 EPS and its Q2 2026 guidance at 1.100-1.20 EPS. As a group, research analysts predict that Brunswick Corporation will post 4.29 EPS for the current fiscal year.

Brunswick Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, May 18th will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $1.76 annualized dividend and a dividend yield of 2.1%. Brunswick’s dividend payout ratio (DPR) is currently -83.81%.

Institutional Trading of Brunswick

Hedge funds and other institutional investors have recently modified their holdings of the company. Allianz Asset Management GmbH raised its holdings in shares of Brunswick by 191.0% during the third quarter. Allianz Asset Management GmbH now owns 214,150 shares of the company’s stock worth $13,543,000 after acquiring an additional 140,566 shares in the last quarter. Interval Partners LP raised its holdings in shares of Brunswick by 268.6% during the third quarter. Interval Partners LP now owns 521,401 shares of the company’s stock worth $32,973,000 after acquiring an additional 379,937 shares in the last quarter. Perbak Capital Partners LLP purchased a new stake in shares of Brunswick during the third quarter worth $1,339,000. Federated Hermes Inc. raised its holdings in shares of Brunswick by 26.0% during the third quarter. Federated Hermes Inc. now owns 824,181 shares of the company’s stock worth $52,121,000 after acquiring an additional 170,030 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Brunswick by 2.0% during the third quarter. Dimensional Fund Advisors LP now owns 2,749,443 shares of the company’s stock worth $173,879,000 after acquiring an additional 54,838 shares in the last quarter. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BC. Weiss Ratings reissued a “sell (d+)” rating on shares of Brunswick in a research note on Friday, March 27th. JPMorgan Chase & Co. raised their price objective on Brunswick from $78.00 to $83.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 28th. Benchmark raised their price objective on Brunswick from $75.00 to $90.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Citigroup raised their price objective on Brunswick from $100.00 to $101.00 and gave the stock a “buy” rating in a research note on Monday, February 2nd. Finally, Morgan Stanley raised their price objective on Brunswick from $82.00 to $86.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $87.00.

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.