Maverick Capital Ltd. Takes $854,000 Position in Brunswick Corporation $BC

Maverick Capital Ltd. purchased a new stake in Brunswick Corporation (NYSE:BC) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 11,743 shares of the company’s stock, valued at approximately $854,000.

A number of other large investors also recently bought and sold shares of the business. Summit Securities Group LLC acquired a new stake in Brunswick in the first quarter valued at approximately $27,000. Farther Finance Advisors LLC raised its stake in shares of Brunswick by 72.3% during the 4th quarter. Farther Finance Advisors LLC now owns 379 shares of the company’s stock worth $28,000 after buying an additional 159 shares during the period. Millstone Evans Group LLC acquired a new position in shares of Brunswick during the 1st quarter worth approximately $29,000. V Square Quantitative Management LLC purchased a new position in shares of Brunswick during the 4th quarter valued at approximately $30,000. Finally, Quarry LP lifted its position in shares of Brunswick by 38.4% during the 4th quarter. Quarry LP now owns 440 shares of the company’s stock valued at $33,000 after buying an additional 122 shares in the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

Brunswick Price Performance

NYSE:BC opened at $81.87 on Wednesday. Brunswick Corporation has a 52 week low of $55.60 and a 52 week high of $90.25. The company has a quick ratio of 0.62, a current ratio of 1.38 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $5.32 billion, a P/E ratio of -38.99 and a beta of 1.33. The stock’s fifty day moving average is $81.23 and its two-hundred day moving average is $80.41.

Brunswick (NYSE:BC) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.24. The business 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 company’s revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the business posted $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. Equities analysts expect that Brunswick Corporation will post 4.31 EPS for the current year.

Brunswick Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Thursday, August 20th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Thursday, August 20th. Brunswick’s dividend payout ratio (DPR) is -83.81%.

Analysts Set New Price Targets

Several equities research analysts recently commented on BC shares. Wall Street Zen lowered shares of Brunswick from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. DA Davidson reaffirmed a “neutral” rating and set a $76.00 price objective on shares of Brunswick in a report on Monday, May 18th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Brunswick in a research report on Wednesday, June 24th. Truist Financial boosted their target price on shares of Brunswick from $93.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, July 6th. Finally, Morgan Stanley raised their price target on shares of Brunswick from $82.00 to $86.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 19th. 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 stock. Based on data from MarketBeat, Brunswick currently has a consensus rating of “Hold” and an average target price of $87.07.

Insider Buying and Selling at Brunswick

In other news, CEO David M. Foulkes sold 25,853 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer directly owned 267,528 shares of the company’s stock, valued at approximately $22,236,927.36. The trade was a 8.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.99% of the stock is currently owned by corporate insiders.

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.