Envestnet Asset Management Inc. Acquires 18,390 Shares of Brunswick Corporation $BC

Envestnet Asset Management Inc. raised its stake in Brunswick Corporation (NYSE:BC) by 7.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 256,173 shares of the company’s stock after purchasing an additional 18,390 shares during the quarter. Envestnet Asset Management Inc. owned 0.39% of Brunswick worth $16,200,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of BC. Bank of New York Mellon Corp grew its position in Brunswick by 70.1% during the third quarter. Bank of New York Mellon Corp now owns 1,700,164 shares of the company’s stock valued at $107,518,000 after buying an additional 700,447 shares during the period. AQR Capital Management LLC boosted its stake in Brunswick by 812.7% in the second quarter. AQR Capital Management LLC now owns 705,719 shares of the company’s stock valued at $38,934,000 after acquiring an additional 628,393 shares during the last quarter. Norges Bank bought a new position in shares of Brunswick during the 2nd quarter valued at approximately $27,990,000. Franklin Resources Inc. grew its position in shares of Brunswick by 194.2% during the 2nd quarter. Franklin Resources Inc. now owns 574,352 shares of the company’s stock valued at $31,727,000 after acquiring an additional 379,155 shares during the period. Finally, Pacer Advisors Inc. purchased a new stake in shares of Brunswick during the 3rd quarter worth approximately $23,061,000. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Insider Transactions at Brunswick

In other Brunswick news, CEO David M. Foulkes sold 38,266 shares of the firm’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $86.56, for a total transaction of $3,312,304.96. Following the completion of the transaction, the chief executive officer owned 271,169 shares of the company’s stock, valued at approximately $23,472,388.64. This trade represents a 12.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Christopher F. Dekker sold 4,981 shares of the business’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $87.38, for a total transaction of $435,239.78. Following the sale, the vice president directly owned 39,740 shares in the company, valued at $3,472,481.20. The trade was a 11.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BC. Wall Street Zen downgraded Brunswick from a “buy” rating to a “hold” rating in a research report on Sunday, December 7th. B. Riley Financial reiterated a “neutral” rating and set a $80.00 price target (up previously from $70.00) on shares of Brunswick in a research note on Friday, January 30th. Seaport Research Partners upgraded Brunswick to a “strong-buy” rating in a research note on Monday, December 8th. Jefferies Financial Group set a $115.00 price objective on shares of Brunswick and gave the company a “buy” rating in a report on Tuesday, January 6th. Finally, Wolfe Research set a $90.00 target price on shares of Brunswick in a research note on Monday, January 12th. Six investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Brunswick has a consensus rating of “Hold” and an average price target of $83.93.

Brunswick Stock Up 1.1%

Shares of NYSE:BC opened at $87.09 on Monday. The firm has a fifty day moving average of $81.40 and a 200 day moving average of $70.26. Brunswick Corporation has a 52-week low of $41.00 and a 52-week high of $89.61. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.61 and a current ratio of 1.44. The firm has a market capitalization of $5.66 billion, a PE ratio of -41.08 and a beta of 1.39.

Brunswick (NYSE:BC) last issued its quarterly earnings results on Thursday, January 29th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.58. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.21 billion. Brunswick had a positive return on equity of 12.22% and a negative net margin of 2.56%.The company’s revenue was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 earnings per share. As a group, research analysts anticipate that Brunswick Corporation will post 4.19 EPS for the current fiscal year.

Brunswick Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Monday, February 23rd will be issued a dividend of $0.44 per share. This is an increase from Brunswick’s previous quarterly dividend of $0.43. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Monday, February 23rd. Brunswick’s dividend payout ratio (DPR) is currently -81.13%.

Key Brunswick News

Here are the key news stories impacting Brunswick this week:

• Positive Sentiment: Q4 top-line beat and margin improvement — Revenue rose ~15.5% YoY to $1.33B and gross profit expanded, supporting confidence in demand across Brunswick’s marine businesses. Brunswick Q4 results (QuiverQuant)
• Positive Sentiment: Dividend increase signals cash-return commitment — Board declared a $0.44 quarterly dividend (14th consecutive year of increases), which can attract income-oriented investors and supports sentiment. Dividend release (GlobeNewswire)
• Positive Sentiment: Street support from recent analyst buy/outperform ratings adds upside conviction — Several firms (Benchmark, Citigroup, BMO, Truist) have issued positive ratings in recent months. Analyst coverage summary (QuiverQuant)
• Neutral Sentiment: Mixed price targets and valuations — Analyst targets range widely (median ~$75.5, several well above and below), leaving room for differing views on upside from current levels. Price target data (QuiverQuant)
• Neutral Sentiment: Institutional activity is mixed — Recent filings show both large additions and large reductions by major funds, suggesting divergent positioning among large holders. Hedge fund & institutional moves (QuiverQuant)
• Negative Sentiment: Profitability weakened materially — Despite revenue growth, operating profit and net income fell sharply year-over-year (operating profit down ~175%; net income down ~123%), raising questions about cost leverage and short-term margin pressure. Earnings detail (QuiverQuant)
• Negative Sentiment: Recent insider selling — Executives including the CEO sold shares in the past six months, which investors may view as a mild negative signal about near-term insider conviction. Insider transactions (QuiverQuant)
• Negative Sentiment: Third‑party bearish commentary — A recent “3 reasons to sell BC” piece highlights concerns that could pressure sentiment if amplified by media/analysts. Sell thesis (MSN)

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.