First Trust Advisors LP Lowers Stock Position in Brunswick Corporation $BC

First Trust Advisors LP lessened its position in shares of Brunswick Corporation (NYSE:BC) by 85.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,173 shares of the company’s stock after selling 43,065 shares during the quarter. First Trust Advisors LP’s holdings in Brunswick were worth $522,000 at the end of the most recent reporting period.

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

Brunswick Stock Up 1.1%

Shares of BC opened at $81.33 on Wednesday. Brunswick Corporation has a 52-week low of $57.05 and a 52-week high of $90.25. The company has a quick ratio of 0.65, a current ratio of 1.45 and a debt-to-equity ratio of 1.08. The stock has a fifty day simple moving average of $81.07 and a two-hundred day simple moving average of $79.95. The company has a market capitalization of $5.27 billion, a PE ratio of -62.08 and a beta of 1.33.

Brunswick (NYSE:BC) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.37. Brunswick had a negative net margin of 1.53% and a positive return on equity of 15.28%. The firm had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter in the previous year, the company posted $0.90 EPS. The company’s revenue was up 7.7% compared to the same quarter last year. Brunswick has set its Q3 2026 guidance at 1.200-1.400 EPS and its FY 2026 guidance at 4.350-4.750 EPS. As a group, equities analysts forecast that Brunswick Corporation will post 4.54 EPS for the current year.

Brunswick Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Thursday, August 20th will be paid a $0.44 dividend. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $1.76 annualized dividend and a dividend yield of 2.2%. Brunswick’s dividend payout ratio is -134.35%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on BC shares. 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. Wall Street Zen lowered shares of Brunswick from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Truist Financial upped their price objective on shares of Brunswick from $93.00 to $94.00 and gave the stock a “buy” rating in a research report on Monday, July 6th. JPMorgan Chase & Co. increased 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. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Brunswick in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $87.57.

Insider Buying and Selling at Brunswick

In other news, CEO David M. Foulkes sold 25,853 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were 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. This trade represents a 8.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.99% of the stock is currently owned by company insiders.

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.