Nitor Capital Management LLC Makes New $2.14 Million Investment in Brunswick Corporation $BC

Nitor Capital Management LLC purchased a new position in shares of Brunswick Corporation (NYSE:BC) during the second quarter, HoldingsChannel.com reports. The fund purchased 25,399 shares of the company’s stock, valued at approximately $2,140,000. Brunswick accounts for approximately 1.4% of Nitor Capital Management LLC’s holdings, making the stock its 14th largest position.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BC. BlackRock Inc. acquired a new stake in shares of Brunswick in the 2nd quarter worth $568,461,000. Bank of New York Mellon Corp purchased a new position in Brunswick during the 2nd quarter worth $101,201,000. Bank of America Corp DE increased its position in Brunswick by 296.1% during the 1st quarter. Bank of America Corp DE now owns 872,368 shares of the company’s stock valued at $63,474,000 after buying an additional 652,136 shares in the last quarter. Norges Bank purchased a new stake in Brunswick in the fourth quarter valued at about $46,665,000. Finally, AQR Capital Management LLC raised 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 buying an additional 628,393 shares during the last quarter. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Brunswick Stock Performance

Shares of BC stock opened at $80.98 on Monday. The business has a fifty day moving average of $81.04 and a 200 day moving average of $79.80. Brunswick Corporation has a 1 year low of $58.56 and a 1 year high of $90.25. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.45 and a quick ratio of 0.65. The firm has a market capitalization of $5.25 billion, a price-to-earnings ratio of -61.82 and a beta of 1.33.

Brunswick (NYSE:BC) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.37. The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.52 billion. Brunswick had a positive return on equity of 15.28% and a negative net margin of 1.53%.The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.90 EPS. Brunswick has set its Q3 2026 guidance at 1.200-1.400 EPS and its FY 2026 guidance at 4.350-4.750 EPS. As a group, research analysts expect that Brunswick Corporation will post 4.55 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. Investors of record on Thursday, August 20th will be issued a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.2%. Brunswick’s payout ratio is -134.35%.

Insider Buying and Selling

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

Analyst Ratings Changes

Several equities research analysts have weighed in on BC shares. Robert W. Baird set a $92.00 price target on Brunswick in a report on Friday, July 31st. DA Davidson restated a “neutral” rating and set a $76.00 price objective on shares of Brunswick in a report on Monday, August 17th. William Blair set a $94.00 price objective on shares of Brunswick in a research report on Thursday, August 13th. JPMorgan Chase & Co. lifted their target price on shares of Brunswick from $78.00 to $83.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 28th. Finally, Truist Financial lifted 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. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Brunswick has an average rating of “Moderate Buy” and a consensus target price of $88.00.

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.