Castleark Management LLC Buys New Shares in Brunswick Corporation $BC

Castleark Management LLC bought a new position in Brunswick Corporation (NYSE:BC) during the first quarter, according to the company in its most recent filing with the SEC. The firm bought 79,110 shares of the company’s stock, valued at approximately $5,756,000. Castleark Management LLC owned 0.12% of Brunswick as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Summit Securities Group LLC bought a new position in shares of Brunswick during the first quarter valued at about $27,000. Farther Finance Advisors LLC increased its holdings in shares of Brunswick by 72.3% in the fourth 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 bought a new stake in shares of Brunswick in the 1st quarter valued at about $29,000. V Square Quantitative Management LLC bought a new stake in shares of Brunswick in the 4th quarter valued at about $30,000. Finally, Quarry LP boosted its holdings in Brunswick by 38.4% during the 4th quarter. Quarry LP now owns 440 shares of the company’s stock valued at $33,000 after acquiring an additional 122 shares during the period. 99.34% of the stock is owned by institutional investors.

Brunswick Trading Up 0.8%

NYSE BC opened at $80.55 on Tuesday. The stock has a market cap of $5.23 billion, a P/E ratio of -38.36 and a beta of 1.33. Brunswick Corporation has a fifty-two week low of $55.60 and a fifty-two week high of $90.25. The stock has a 50 day simple moving average of $81.07 and a two-hundred day simple moving average of $80.43. 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 (NYSE:BC) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.70 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the previous year, the company earned $0.56 earnings per share. Brunswick’s quarterly revenue was up 12.8% on a year-over-year basis. 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 forecast that Brunswick Corporation will post 4.31 earnings per share for the current year.

Brunswick Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Thursday, August 20th will be given a $0.44 dividend. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $1.76 annualized dividend and a dividend yield of 2.2%. Brunswick’s dividend payout ratio is currently -83.81%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. DA Davidson reaffirmed a “neutral” rating and issued a $76.00 price target on shares of Brunswick in a research note on Monday, May 18th. Wall Street Zen lowered Brunswick from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Truist Financial raised their target price on shares of Brunswick from $93.00 to $94.00 and gave the stock a “buy” rating in a report on Monday, July 6th. Morgan Stanley lifted their target price on shares of Brunswick from $82.00 to $86.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 19th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Brunswick in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $87.07.

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 transaction, the chief executive officer owned 267,528 shares in the company, valued at $22,236,927.36. This trade represents a 8.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.99% of the company’s stock.

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.