Key Points
- Brunswick CEO David Foulkes sold 25,853 shares on May 26 at an average price of $83.12, totaling about $2.15 million. After the sale, he still held 267,528 shares, and the transaction reduced his ownership by 8.81%.
- The stock was modestly higher in trading, opening at $83.67 and up about 0.4% on the day. Brunswick’s shares have traded between $48.83 and $90.25 over the past 12 months.
- Brunswick recently beat earnings and revenue expectations, reporting Q1 EPS of $0.70 versus the $0.46 estimate and revenue of $1.38 billion versus $1.32 billion expected. The company also maintained a quarterly dividend of $0.44 per share, or $1.76 annually, for a 2.1% yield.
Brunswick Corporation (NYSE:BC - Get Free Report) CEO David Foulkes sold 25,853 shares of the stock in a transaction on 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 completion of the sale, the chief executive officer directly owned 267,528 shares of the company's stock, 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 SEC, which is available through this link.
Brunswick Trading Up 0.4%
NYSE BC opened at $83.67 on Thursday. The firm has a market capitalization of $5.44 billion, a P/E ratio of -39.84 and a beta of 1.33. 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 business has a fifty day simple moving average of $77.14 and a 200 day simple moving average of $77.15. Brunswick Corporation has a 12 month low of $48.83 and a 12 month high of $90.25.
Brunswick (NYSE:BC - Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.24. The firm had revenue of $1.38 billion during 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 business's revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.56 EPS. Brunswick has set its FY 2026 guidance at 4.000-4.50 EPS and its Q2 2026 guidance at 1.100-1.20 EPS. On average, analysts predict that Brunswick Corporation will post 4.29 EPS for the current fiscal year.
Brunswick Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, May 18th will be paid a $0.44 dividend. The ex-dividend date is Monday, May 18th. This represents a $1.76 annualized dividend and a yield of 2.1%. Brunswick's dividend payout ratio (DPR) is currently -83.81%.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. Summit Securities Group LLC purchased a new position in Brunswick during the first quarter valued at $27,000. Farther Finance Advisors LLC raised its stake in Brunswick by 72.3% during 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 last quarter. Millstone Evans Group LLC purchased a new position in Brunswick during the first quarter valued at $29,000. V Square Quantitative Management LLC purchased a new position in Brunswick during the fourth quarter valued at $30,000. Finally, Jones Financial Companies Lllp raised its stake in shares of Brunswick by 50.6% in the third quarter. Jones Financial Companies Lllp now owns 494 shares of the company's stock worth $31,000 after purchasing an additional 166 shares during the last quarter. Hedge funds and other institutional investors own 99.34% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on BC shares. Roth Mkm reissued a "buy" rating and set a $94.00 price objective (up from $79.00) on shares of Brunswick in a report on Friday, January 30th. B. Riley Financial restated a "neutral" rating and set a $80.00 price target (up from $70.00) on shares of Brunswick in a research report on Friday, January 30th. DA Davidson restated a "neutral" rating and set a $76.00 price target on shares of Brunswick in a research report on Monday, May 18th. JPMorgan Chase & Co. lifted their price target on Brunswick from $78.00 to $83.00 and gave the company a "neutral" rating in a research report on Tuesday, April 28th. Finally, Citigroup lifted 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. One investment 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 assigned a Sell rating to the stock. Based on data from MarketBeat, Brunswick currently has a consensus rating of "Hold" and a consensus price target of $87.00.
Get Our Latest Analysis on Brunswick
About Brunswick
(
Get Free Report)
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.
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