Ritholtz Wealth Management Purchases New Position in Brunswick Corporation $BC

Ritholtz Wealth Management acquired a new position in Brunswick Corporation (NYSE:BC) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 12,561 shares of the company’s stock, valued at approximately $914,000.

Other large investors have also recently made changes to their positions in the company. Royal Bank of Canada raised its holdings in shares of Brunswick by 10.7% during the first quarter. Royal Bank of Canada now owns 149,000 shares of the company’s stock valued at $8,024,000 after acquiring an additional 14,395 shares in the last quarter. AQR Capital Management LLC increased its position in Brunswick by 133.6% during 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. raised 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 worth $18,659,000 after purchasing an additional 203,838 shares in the last quarter. United Services Automobile Association purchased a new stake in shares of Brunswick in the 1st quarter worth about $214,000. Finally, Geneos Wealth Management Inc. lifted its position in shares of Brunswick by 477.0% in the 1st 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. 99.34% of the stock is currently owned by institutional investors.

Brunswick Trading Down 1.8%

Shares of NYSE BC opened at $85.50 on Tuesday. Brunswick Corporation has a 1 year low of $54.72 and a 1 year high of $90.25. 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 50-day moving average of $81.22 and a 200 day moving average of $79.89. The stock has a market cap of $5.55 billion, a P/E ratio of -40.71 and a beta of 1.33.

Brunswick (NYSE:BC) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.24. Brunswick had a negative net margin of 2.47% and a positive return on equity of 13.30%. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the prior year, the company earned $0.56 earnings per share. The business’s revenue was up 12.8% compared to the same quarter last year. 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, sell-side analysts expect that Brunswick Corporation will post 4.28 EPS for the current fiscal year.

Brunswick Dividend Announcement

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

Analysts Set New Price Targets

BC has been the topic of several research analyst reports. Wall Street Zen cut shares of Brunswick from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Truist Financial raised their price objective on shares of Brunswick from $92.00 to $93.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Texas Capital upgraded Brunswick from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 10th. Morgan Stanley increased their target price on Brunswick from $82.00 to $86.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 19th. Finally, JPMorgan Chase & Co. raised their target price on Brunswick from $78.00 to $83.00 and gave the company a “neutral” rating in a research note on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $87.00.

Insider Transactions at Brunswick

In other Brunswick news, CEO David M. Foulkes sold 25,853 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $83.12, for a total value of $2,148,901.36. Following the sale, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.99% of the company’s stock.

Brunswick Company 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.