Geode Capital Management LLC Sells 46,719 Shares of Brunswick Corporation $BC

Geode Capital Management LLC reduced its stake in shares of Brunswick Corporation (NYSE:BC) by 3.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,165,380 shares of the company’s stock after selling 46,719 shares during the quarter. Geode Capital Management LLC’s holdings in Brunswick were worth $86,536,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Allianz Asset Management GmbH boosted its holdings in shares of Brunswick by 191.0% during the third quarter. Allianz Asset Management GmbH now owns 214,150 shares of the company’s stock worth $13,543,000 after purchasing an additional 140,566 shares during the period. Interval Partners LP boosted its holdings in shares of Brunswick by 268.6% during the third quarter. Interval Partners LP now owns 521,401 shares of the company’s stock worth $32,973,000 after purchasing an additional 379,937 shares during the period. Perbak Capital Partners LLP purchased a new stake in shares of Brunswick during the third quarter worth about $1,339,000. 12th Street Asset Management Company LLC boosted its holdings in shares of Brunswick by 39.5% during the third quarter. 12th Street Asset Management Company LLC now owns 363,381 shares of the company’s stock worth $22,980,000 after purchasing an additional 102,985 shares during the period. Finally, Atria Investments Inc boosted its holdings in shares of Brunswick by 71.4% during the third quarter. Atria Investments Inc now owns 52,630 shares of the company’s stock worth $3,328,000 after purchasing an additional 21,930 shares during the period. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO David M. Foulkes sold 25,853 shares of Brunswick stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $83.12, for a total transaction of $2,148,901.36. Following the completion of the transaction, the chief executive officer directly 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.99% of the company’s stock.

Analysts Set New Price Targets

BC has been the subject of a number of analyst reports. JPMorgan Chase & Co. increased their target price on shares of 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 target price on shares of Brunswick from $82.00 to $86.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 19th. Wall Street Zen lowered shares of Brunswick from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Weiss Ratings restated a “sell (d+)” rating on shares of Brunswick in a report on Friday, March 27th. Finally, DA Davidson restated a “neutral” rating and issued a $76.00 price objective on shares of Brunswick in a report on Monday, May 18th. One equities research 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 given a Sell rating to the company. According to data from MarketBeat.com, Brunswick currently has a consensus rating of “Hold” and a consensus price target of $87.00.

Brunswick Stock Performance

Shares of BC opened at $80.37 on Monday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.38 and a quick ratio of 0.62. Brunswick Corporation has a one year low of $54.19 and a one year high of $90.25. The company has a 50-day simple moving average of $78.59 and a two-hundred day simple moving average of $78.05. The firm has a market capitalization of $5.22 billion, a PE ratio of -38.27 and a beta of 1.33.

Brunswick (NYSE:BC) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.46 by $0.24. Brunswick had a negative net margin of 2.47% and a positive return on equity of 13.30%. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period last year, the business posted $0.56 earnings per share. Brunswick’s quarterly revenue was up 12.8% compared to the same quarter last year. 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 anticipate that Brunswick Corporation will post 4.29 EPS for the current fiscal year.

Brunswick Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, May 18th will be issued 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 is Monday, May 18th. Brunswick’s dividend payout ratio (DPR) is presently -83.81%.

Brunswick 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.