Dimensional Fund Advisors LP raised its position in Brunswick Corporation (NYSE:BC – Free Report) by 2.9% during the first quarter, Holdings Channel reports. The firm owned 2,931,104 shares of the company’s stock after buying an additional 82,689 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Brunswick were worth $213,253,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Summit Securities Group LLC purchased a new position in shares of Brunswick during the first quarter worth $27,000. Farther Finance Advisors LLC lifted its stake in Brunswick by 72.3% during the 4th quarter. Farther Finance Advisors LLC now owns 379 shares of the company’s stock worth $28,000 after acquiring an additional 159 shares in the last quarter. Millstone Evans Group LLC acquired a new position in Brunswick during the 1st quarter worth about $29,000. V Square Quantitative Management LLC purchased a new position in Brunswick during the 4th quarter valued at about $30,000. Finally, 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 valued at $33,000 after acquiring an additional 122 shares in the last quarter. 99.34% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Brunswick
In related news, CEO David M. Foulkes sold 25,853 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer owned 267,528 shares in the company, valued at $22,236,927.36. The trade was a 8.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.99% of the company’s stock.
Brunswick Price Performance
Brunswick (NYSE:BC – Get Free Report) last issued its earnings results on Thursday, April 30th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.24. The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.32 billion. Brunswick had a negative net margin of 2.47% and a positive return on equity of 13.30%. The company’s revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $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. Equities analysts forecast that Brunswick Corporation will post 4.31 EPS for the current fiscal year.
Brunswick Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Thursday, August 20th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, August 20th. Brunswick’s dividend payout ratio (DPR) is -83.81%.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on BC. Wall Street Zen lowered shares of Brunswick from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. JPMorgan Chase & Co. lifted their price objective on shares of Brunswick from $78.00 to $83.00 and gave the company a “neutral” rating in a report on Tuesday, April 28th. DA Davidson reaffirmed a “neutral” rating and set a $76.00 target price on shares of Brunswick in a research note on Monday, May 18th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Brunswick in a report on Wednesday, June 24th. Finally, Truist Financial raised their price target on shares of Brunswick from $93.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $87.07.
View Our Latest Research Report on BC
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.
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