Icon Advisers Inc. Co. Makes New Investment in Brunswick Corporation $BC

Icon Advisers Inc. Co. purchased a new position in shares of Brunswick Corporation (NYSE:BC) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 7,003 shares of the company’s stock, valued at approximately $510,000.

Other institutional investors have also made changes to their positions in the company. Summit Securities Group LLC acquired a new position in Brunswick during the first quarter worth $27,000. Farther Finance Advisors LLC grew its position 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 purchasing an additional 159 shares in the last quarter. Millstone Evans Group LLC acquired a new stake in Brunswick in the 1st quarter valued at $29,000. V Square Quantitative Management LLC acquired a new stake in Brunswick in the 4th quarter valued at $30,000. Finally, Quarry LP increased its stake in Brunswick by 38.4% in the 4th quarter. Quarry LP now owns 440 shares of the company’s stock valued at $33,000 after buying an additional 122 shares during the last quarter. Institutional investors own 99.34% of the company’s stock.

Brunswick Stock Performance

Shares of BC stock opened at $81.95 on Thursday. The stock has a market cap of $5.32 billion, a P/E ratio of -39.02 and a beta of 1.33. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.38 and a quick ratio of 0.62. The company has a fifty day moving average price of $80.93 and a two-hundred day moving average price of $80.39. Brunswick Corporation has a one year low of $55.60 and a one year high of $90.25.

Brunswick (NYSE:BC) last released its quarterly earnings data 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 company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.32 billion. Brunswick had a negative net margin of 2.47% and a positive return on equity of 13.30%. Brunswick’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the previous year, the business 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. As a group, equities analysts predict that Brunswick Corporation will post 4.31 EPS for the current year.

Brunswick Announces Dividend

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 paid a $0.44 dividend. The ex-dividend date is Thursday, August 20th. This represents a $1.76 annualized dividend and a yield of 2.1%. Brunswick’s dividend payout ratio is currently -83.81%.

Insider Activity

In other news, CEO David M. Foulkes sold 25,853 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was 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. This trade represents a 8.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.99% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Wall Street Zen downgraded shares of Brunswick from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Brunswick in a research report on Wednesday, June 24th. JPMorgan Chase & Co. upped 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. Morgan Stanley increased 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. Finally, DA Davidson restated a “neutral” rating and issued a $76.00 price target on shares of Brunswick in a research note on Monday, May 18th. 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 company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $87.07.

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.