Freestone Grove Partners LP Takes $2.16 Million Position in Brunswick Corporation $BC

Freestone Grove Partners LP bought a new position in Brunswick Corporation (NYSE:BC) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 25,623 shares of the company’s stock, valued at approximately $2,158,000.

A number of other large investors have also added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in Brunswick during the 2nd quarter valued at $568,461,000. Dimensional Fund Advisors LP boosted its stake in shares of Brunswick by 2.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,931,104 shares of the company’s stock worth $213,253,000 after buying an additional 82,689 shares during the last quarter. Marshall Wace LLP boosted its stake in shares of Brunswick by 30.6% in the 4th quarter. Marshall Wace LLP now owns 1,921,479 shares of the company’s stock worth $142,651,000 after buying an additional 449,943 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of Brunswick by 23.2% in the second quarter. Alliancebernstein L.P. now owns 1,420,922 shares of the company’s stock worth $78,492,000 after acquiring an additional 267,479 shares during the period. Finally, Channing Capital Management LLC grew its holdings in shares of Brunswick by 5.3% in the fourth quarter. Channing Capital Management LLC now owns 1,244,528 shares of the company’s stock worth $92,394,000 after acquiring an additional 62,202 shares during the period. Institutional investors own 99.34% of the company’s stock.

Brunswick Price Performance

Shares of Brunswick stock opened at $76.60 on Friday. The stock has a market cap of $4.96 billion, a P/E ratio of -58.47 and a beta of 1.33. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.65 and a current ratio of 1.45. The stock’s fifty day moving average is $80.72 and its 200 day moving average is $79.57. Brunswick Corporation has a one year low of $58.56 and a one year high of $90.25.

Brunswick (NYSE:BC) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.37. The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.52 billion. Brunswick had a positive return on equity of 15.28% and a negative net margin of 1.53%.Brunswick’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.90 earnings per share. Brunswick has set its Q3 2026 guidance at 1.200-1.400 EPS and its FY 2026 guidance at 4.350-4.750 EPS. Sell-side analysts anticipate that Brunswick Corporation will post 4.55 earnings per share for the current year.

Brunswick Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Thursday, August 20th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, August 20th. Brunswick’s dividend payout ratio is currently -134.35%.

Wall Street Analysts Forecast Growth

BC has been the topic of a number of recent research reports. Robert W. Baird set a $92.00 target price on Brunswick in a report on Friday, July 31st. Weiss Ratings restated a “sell (d+)” rating on shares of Brunswick in a research note on Wednesday, June 24th. Truist Financial upped 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. Morgan Stanley increased their price objective on shares of Brunswick from $82.00 to $86.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 19th. Finally, DA Davidson reissued a “neutral” rating and issued a $76.00 price objective on shares of Brunswick in a report on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $88.00.

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.