Brunswick Corporation $BC Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its holdings in shares of Brunswick Corporation (NYSE:BC) by 7.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 828,037 shares of the company’s stock after selling 71,241 shares during the period. Principal Financial Group Inc.’s holdings in Brunswick were worth $60,249,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Royal Bank of Canada increased its position 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 worth $8,024,000 after acquiring an additional 14,395 shares during the period. AQR Capital Management LLC boosted its holdings in Brunswick by 133.6% in the first 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. grew its stake in Brunswick by 142.9% during 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 acquired a new position in Brunswick during the 1st quarter worth $214,000. Finally, Geneos Wealth Management Inc. increased its holdings in Brunswick by 477.0% during 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 and hedge funds.

Brunswick Trading Down 1.9%

BC opened at $80.40 on Friday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.62 and a current ratio of 1.38. Brunswick Corporation has a one year low of $55.60 and a one year high of $90.25. The company has a market cap of $5.22 billion, a P/E ratio of -38.28 and a beta of 1.33. The business’s 50-day simple moving average is $80.80 and its 200-day simple moving average is $80.23.

Brunswick (NYSE:BC) last posted its earnings results on Thursday, April 30th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.24. The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations 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 quarter in the previous year, the business 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. As a group, equities research analysts expect that Brunswick Corporation will post 4.31 EPS for the current fiscal year.

Brunswick Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, May 18th were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Monday, May 18th. Brunswick’s payout ratio is currently -83.81%.

Insider Activity

In other news, CEO David M. Foulkes sold 25,853 shares of the company’s 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 transaction, the chief executive officer owned 267,528 shares in the company, valued at approximately $22,236,927.36. This represents a 8.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.99% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BC. Weiss Ratings reiterated a “sell (d+)” rating on shares of Brunswick in a research note on Wednesday, June 24th. JPMorgan Chase & Co. boosted their price target on shares of Brunswick from $78.00 to $83.00 and gave the stock a “neutral” rating in a report on Tuesday, April 28th. Truist Financial increased their price objective on shares of Brunswick from $93.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, July 6th. DA Davidson restated a “neutral” rating and issued a $76.00 price objective on shares of Brunswick in a report on Monday, May 18th. Finally, Morgan Stanley lifted their price objective on shares of Brunswick from $82.00 to $86.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Brunswick has a consensus 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.