Insider Selling: Brunswick (NYSE:BC) CEO Sells 25,853 Shares of Stock

Brunswick Corporation (NYSE:BC) CEO David Foulkes sold 25,853 shares of the firm’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 owned 267,528 shares in the company, valued at approximately $22,236,927.36. This trade represents a 8.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Brunswick Stock Up 0.4%

NYSE BC traded up $0.30 during trading on Wednesday, hitting $83.67. 490,416 shares of the company traded hands, compared to its average volume of 914,952. Brunswick Corporation has a 12 month low of $48.83 and a 12 month high of $90.25. The business has a fifty day simple moving average of $76.90 and a 200 day simple moving average of $77.02. The company has a current ratio of 1.38, a quick ratio of 0.62 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $5.44 billion, a P/E ratio of -39.84 and a beta of 1.33.

Brunswick (NYSE:BC) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.24. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.32 billion. Brunswick had a positive return on equity of 13.30% and a negative net margin of 2.47%.The firm’s revenue was up 12.8% compared to the same quarter last year. During the same period last year, the business posted $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. As a group, sell-side analysts predict that Brunswick Corporation will post 4.29 EPS for the current year.

Brunswick Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, May 18th will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Monday, May 18th. Brunswick’s dividend payout ratio (DPR) is currently -83.81%.

Institutional Investors Weigh In On Brunswick

A number of institutional investors have recently added to or reduced their stakes in BC. American Century Companies Inc. grew its position in Brunswick by 56.4% during the third quarter. American Century Companies Inc. now owns 2,302,918 shares of the company’s stock worth $145,637,000 after buying an additional 830,451 shares in the last quarter. Bank of New York Mellon Corp grew its position in Brunswick by 70.1% during the third quarter. Bank of New York Mellon Corp now owns 1,700,164 shares of the company’s stock worth $107,518,000 after buying an additional 700,447 shares in the last quarter. Bank of America Corp DE grew its position in Brunswick by 296.1% during the first quarter. Bank of America Corp DE now owns 872,368 shares of the company’s stock worth $63,474,000 after buying an additional 652,136 shares in the last quarter. Norges Bank acquired a new stake in Brunswick during the fourth quarter worth about $46,665,000. Finally, AQR Capital Management LLC grew its position in Brunswick by 812.7% during the second quarter. AQR Capital Management LLC now owns 705,719 shares of the company’s stock worth $38,934,000 after buying an additional 628,393 shares in the last quarter. 99.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Morgan Stanley raised their price target on Brunswick from $82.00 to $86.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 19th. Truist Financial raised their price target on Brunswick from $92.00 to $93.00 and gave the company a “buy” rating in a research report on Monday, April 27th. B. Riley Financial reaffirmed a “neutral” rating and issued a $80.00 price target (up from $70.00) on shares of Brunswick in a research report on Friday, January 30th. Citigroup raised their price target on Brunswick from $100.00 to $101.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Finally, Texas Capital raised Brunswick from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 10th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Brunswick currently has a consensus rating of “Hold” and an average price target of $87.00.

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.