Brunswick Corporation $BC Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL trimmed its holdings in Brunswick Corporation (NYSE:BC) by 18.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 112,529 shares of the company’s stock after selling 24,733 shares during the period. Gamco Investors INC. ET AL’s holdings in Brunswick were worth $8,188,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Swedbank AB acquired a new stake in Brunswick during the fourth quarter worth about $10,394,000. Massachusetts Financial Services Co. MA boosted its stake in shares of Brunswick by 2.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,572,892 shares of the company’s stock valued at $265,252,000 after purchasing an additional 78,228 shares during the period. Global Alpha Capital Management Ltd. grew its stake in shares of Brunswick by 21.4% during the fourth quarter. Global Alpha Capital Management Ltd. now owns 328,523 shares of the company’s stock valued at $24,390,000 after acquiring an additional 57,895 shares in the last quarter. Ritholtz Wealth Management purchased a new stake in shares of Brunswick during the first quarter worth about $914,000. Finally, Deprince Race & Zollo Inc. lifted its stake in shares of Brunswick by 0.8% in the fourth quarter. Deprince Race & Zollo Inc. now owns 1,866,872 shares of the company’s stock worth $138,597,000 after acquiring an additional 14,822 shares in the last quarter. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Brunswick Trading Down 0.0%

Brunswick stock opened at $79.91 on Monday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.62 and a current ratio of 1.38. The business’s 50-day simple moving average is $80.98 and its 200-day simple moving average is $80.45. The firm has a market capitalization of $5.19 billion, a PE ratio of -38.05 and a beta of 1.33. Brunswick Corporation has a 52 week low of $55.60 and a 52 week high of $90.25.

Brunswick (NYSE:BC) last released its earnings results on Thursday, April 30th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.24. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations 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 revenue was up 12.8% on a year-over-year basis. During the same quarter last year, the company 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. Equities research analysts forecast that Brunswick Corporation will post 4.31 earnings per share for the current year.

Brunswick Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Thursday, August 20th will be given a $0.44 dividend. The ex-dividend date is Thursday, August 20th. This represents a $1.76 annualized dividend and a yield of 2.2%. Brunswick’s payout ratio is presently -83.81%.

Insider Activity at Brunswick

In related news, CEO David M. Foulkes sold 25,853 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer owned 267,528 shares in the company, valued at $22,236,927.36. This represents a 8.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on BC shares. 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 research note on Tuesday, April 28th. Truist Financial boosted their target price on shares of Brunswick from $93.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, July 6th. DA Davidson restated a “neutral” rating and set a $76.00 price objective on shares of Brunswick in a research note on Monday, May 18th. Wall Street Zen downgraded Brunswick from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, Morgan Stanley upped their price target on Brunswick from $82.00 to $86.00 and gave the company an “equal weight” rating in a report on Tuesday, May 19th. One 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $87.07.

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.