Pallas Capital Advisors LLC Buys Shares of 8,161 Brunswick Corporation $BC

Pallas Capital Advisors LLC purchased a new position in shares of Brunswick Corporation (NYSE:BC) in the 2nd quarter, HoldingsChannel reports. The firm purchased 8,161 shares of the company’s stock, valued at approximately $687,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Summit Securities Group LLC acquired a new stake in shares of Brunswick during the first quarter worth $27,000. Farther Finance Advisors LLC lifted its holdings in Brunswick by 72.3% in the fourth quarter. Farther Finance Advisors LLC now owns 379 shares of the company’s stock valued at $28,000 after buying an additional 159 shares during the period. Millstone Evans Group LLC acquired a new position in Brunswick in the first quarter valued at $29,000. Quarry LP boosted its position in Brunswick by 38.4% during the fourth quarter. Quarry LP now owns 440 shares of the company’s stock valued at $33,000 after acquiring an additional 122 shares during the last quarter. Finally, Larson Financial Group LLC boosted its position in Brunswick by 705.4% during the third quarter. Larson Financial Group LLC now owns 596 shares of the company’s stock valued at $38,000 after acquiring an additional 522 shares during the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

Brunswick Stock Up 0.8%

Shares of NYSE:BC opened at $81.69 on Thursday. Brunswick Corporation has a 1 year low of $58.56 and a 1 year high of $90.25. The company has a market capitalization of $5.29 billion, a PE ratio of -62.36 and a beta of 1.33. The business has a fifty day moving average price of $81.09 and a two-hundred day moving average price of $79.80. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.45 and a quick ratio of 0.65.

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

Brunswick Announces Dividend

The business 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 of this dividend is Thursday, August 20th. This represents a $1.76 annualized dividend and a yield of 2.2%. Brunswick’s payout ratio is currently -134.35%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BC. Morgan Stanley lifted their price objective on Brunswick from $82.00 to $86.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 19th. Truist Financial raised their target price on Brunswick from $93.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, July 6th. JPMorgan Chase & Co. lifted their target price on Brunswick from $78.00 to $83.00 and gave the stock a “neutral” rating in a report on Tuesday, April 28th. William Blair set a $94.00 price target on Brunswick in a research note on Thursday, August 13th. Finally, DA Davidson restated a “neutral” rating and set a $76.00 price target on shares of Brunswick in a report on Monday. One research 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 has an average rating of “Hold” and an average price target of $88.00.

Insiders Place Their Bets

In other Brunswick news, CEO David M. Foulkes sold 25,853 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $83.12, for a total value of $2,148,901.36. Following the transaction, the chief executive officer directly 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.99% of the stock is currently owned by insiders.

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.