Atom Investors LP Sells 17,735 Shares of Brunswick Corporation $BC

by · The Markets Daily

Atom Investors LP decreased its stake in shares of Brunswick Corporation (NYSE:BC – Free Report) by 13.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 117,703 shares of the company’s stock after selling 17,735 shares during the quarter. Brunswick accounts for about 0.7% of Atom Investors LP’s investment portfolio, making the stock its 21st biggest position. Atom Investors LP’s holdings in Brunswick were worth $8,738,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in BC. American Century Companies Inc. increased its holdings in shares of Brunswick by 56.4% during the 3rd quarter. American Century Companies Inc. now owns 2,302,918 shares of the company’s stock worth $145,637,000 after purchasing an additional 830,451 shares during the period. Norges Bank bought a new stake in Brunswick in the 4th quarter valued at $46,665,000. AQR Capital Management LLC increased its holdings in Brunswick by 812.7% in the 2nd quarter. AQR Capital Management LLC now owns 705,719 shares of the company’s stock valued at $38,934,000 after buying an additional 628,393 shares during the period. Marshall Wace LLP increased its holdings in Brunswick by 62.4% in the 3rd quarter. Marshall Wace LLP now owns 1,471,536 shares of the company’s stock valued at $93,060,000 after buying an additional 565,459 shares during the period. Finally, Interval Partners LP increased its holdings in Brunswick by 268.6% in the 3rd quarter. Interval Partners LP now owns 521,401 shares of the company’s stock valued at $32,973,000 after buying an additional 379,937 shares during the period. Institutional investors own 99.34% of the company’s stock.

Insider Buying and Selling

In other Brunswick news, CEO David M. Foulkes sold 25,853 shares of the stock in a transaction dated 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 sale, the chief executive officer owned 267,528 shares of the company’s stock, valued at $22,236,927.36. This represents a 8.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.99% of the stock is currently owned by corporate insiders.

Brunswick Stock Up 0.1%

Shares of NYSE:BC opened at $82.23 on Wednesday. Brunswick Corporation has a 52 week low of $54.19 and a 52 week high of $90.25. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.62 and a current ratio of 1.38. The company’s fifty day moving average is $79.91 and its 200-day moving average is $78.94. The company has a market capitalization of $5.34 billion, a PE ratio of -39.16 and a beta of 1.33.

Brunswick (NYSE:BC – Get Free Report) last issued its earnings results on Thursday, April 30th. The company reported $0.70 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 the consensus estimate of $1.32 billion. During the same quarter in the previous year, the company earned $0.56 EPS. The firm’s revenue for the quarter 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. Equities research analysts predict that Brunswick Corporation will post 4.29 earnings per share for the current fiscal year.

Brunswick Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, May 18th were issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.76 dividend on an annualized basis and a yield of 2.1%. Brunswick’s dividend payout ratio is currently -83.81%.

Analyst Ratings Changes

Several brokerages have issued reports on BC. Texas Capital raised shares of Brunswick from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 10th. Truist Financial boosted their target price on shares of Brunswick from $92.00 to $93.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Wall Street Zen downgraded shares of Brunswick from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Morgan Stanley boosted their target price 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. Finally, JPMorgan Chase & Co. boosted their target price on shares of Brunswick from $78.00 to $83.00 and gave the company a “neutral” rating in a research note on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Brunswick presently has a consensus rating of “Hold” and an average price target of $87.00.

View Our Latest Report on BC

About Brunswick

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding BC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brunswick Corporation (NYSE:BC – Free Report).