Levin Capital Strategies L.P. Lowers Stock Holdings in Brunswick Corporation $BC

Levin Capital Strategies L.P. reduced its position in Brunswick Corporation (NYSE:BC) by 6.9% in the first quarter, Holdings Channel.com reports. The fund owned 86,612 shares of the company’s stock after selling 6,411 shares during the quarter. Levin Capital Strategies L.P.’s holdings in Brunswick were worth $6,302,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of BC. Royal Bank of Canada increased its holdings in Brunswick by 10.7% during the 1st quarter. Royal Bank of Canada now owns 149,000 shares of the company’s stock worth $8,024,000 after acquiring an additional 14,395 shares during the period. AQR Capital Management LLC boosted its holdings in Brunswick by 133.6% in the 1st quarter. AQR Capital Management LLC now owns 77,326 shares of the company’s stock valued at $4,076,000 after purchasing an additional 44,228 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Brunswick by 142.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 346,503 shares of the company’s stock valued at $18,659,000 after purchasing an additional 203,838 shares during the period. United Services Automobile Association purchased a new position in shares of Brunswick during the 1st quarter valued at $214,000. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Brunswick by 477.0% in the first quarter. Geneos Wealth Management Inc. now owns 727 shares of the company’s stock worth $39,000 after purchasing an additional 601 shares during the period. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on BC shares. Wall Street Zen downgraded Brunswick from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. DA Davidson restated a “neutral” rating and set a $76.00 target price on shares of Brunswick in a research report on Monday, May 18th. Truist Financial upped their target price on Brunswick from $93.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, July 6th. JPMorgan Chase & Co. raised their price target on Brunswick from $78.00 to $83.00 and gave the company a “neutral” rating in a report on Tuesday, April 28th. Finally, Weiss Ratings reiterated 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, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Brunswick currently has an average rating of “Hold” and an average target price of $87.07.

Brunswick Price Performance

Shares of NYSE:BC opened at $81.95 on Thursday. The company’s fifty day moving average price is $80.93 and its 200-day moving average price is $80.39. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.38 and a quick ratio of 0.62. The firm has a market capitalization of $5.32 billion, a price-to-earnings ratio of -39.02 and a beta of 1.33. Brunswick Corporation has a one year low of $55.60 and a one year high of $90.25.

Brunswick (NYSE:BC) last announced its earnings results on Thursday, April 30th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.24. The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.32 billion. Brunswick had a negative net margin of 2.47% and a positive return on equity of 13.30%. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.56 earnings per share. Brunswick has set its FY 2026 guidance at 4.000-4.50 EPS and its Q2 2026 guidance at 1.100-1.20 EPS. On average, equities research analysts anticipate that Brunswick Corporation will post 4.31 earnings per share for the current fiscal year.

Brunswick Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Thursday, August 20th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Thursday, August 20th. Brunswick’s dividend payout ratio is presently -83.81%.

Insider Activity

In other news, CEO David M. Foulkes sold 25,853 shares of the stock in a transaction dated 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 transaction, the chief executive officer directly owned 267,528 shares in the company, valued at approximately $22,236,927.36. This represents a 8.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.99% of the company’s stock.

Brunswick 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.