Oppenheimer Asset Management Inc. Purchases Shares of 67,733 Brunswick Corporation $BC

Oppenheimer Asset Management Inc. acquired a new stake in shares of Brunswick Corporation (NYSE:BC) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 67,733 shares of the company’s stock, valued at approximately $5,706,000.

Several other hedge funds also recently made changes to their positions in BC. Royal Bank of Canada raised its holdings in shares of Brunswick by 10.7% in the 1st quarter. Royal Bank of Canada now owns 149,000 shares of the company’s stock worth $8,024,000 after purchasing an additional 14,395 shares in the last quarter. AQR Capital Management LLC lifted its stake in Brunswick by 133.6% during the first quarter. AQR Capital Management LLC now owns 77,326 shares of the company’s stock valued at $4,076,000 after purchasing an additional 44,228 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Brunswick by 142.9% during the first quarter. Goldman Sachs Group Inc. now owns 346,503 shares of the company’s stock worth $18,659,000 after buying an additional 203,838 shares in the last quarter. United Services Automobile Association bought a new stake in Brunswick during the first quarter worth approximately $214,000. Finally, Geneos Wealth Management Inc. grew its position in Brunswick by 477.0% in the first quarter. Geneos Wealth Management Inc. now owns 727 shares of the company’s stock worth $39,000 after buying an additional 601 shares during the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

Insider Activity at Brunswick

In related news, CEO David M. Foulkes sold 25,853 shares of the firm’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 transaction of $2,148,901.36. Following the completion of the sale, the chief executive officer directly owned 267,528 shares in the company, valued at approximately $22,236,927.36. This trade represents a 8.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.99% of the company’s stock.

Brunswick Stock Up 1.1%

NYSE:BC opened at $82.49 on Friday. The business’s fifty day moving average price is $81.05 and its 200 day moving average price is $79.88. The firm has a market capitalization of $5.35 billion, a price-to-earnings ratio of -62.97 and a beta of 1.33. The company has a current ratio of 1.45, a quick ratio of 0.65 and a debt-to-equity ratio of 1.08. Brunswick Corporation has a 1-year low of $58.56 and a 1-year high of $90.25.

Brunswick (NYSE:BC) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.37. Brunswick had a positive return on equity of 15.28% and a negative net margin of 1.53%.The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same period last year, the company posted $0.90 EPS. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. Brunswick has set its Q3 2026 guidance at 1.200-1.400 EPS and its FY 2026 guidance at 4.350-4.750 EPS. On average, sell-side analysts forecast that Brunswick Corporation will post 4.54 earnings per share for the current fiscal year.

Brunswick Announces Dividend

The business also recently declared 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. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, August 20th. Brunswick’s dividend payout ratio is -134.35%.

Analysts Set New Price Targets

BC has been the topic of several research reports. Truist Financial upped their price target on Brunswick from $93.00 to $94.00 and gave the company a “buy” rating in a report on Monday, July 6th. Morgan Stanley raised their price objective on Brunswick from $82.00 to $86.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 19th. Weiss Ratings restated a “sell (d+)” rating on shares of Brunswick in a report on Wednesday, June 24th. DA Davidson reaffirmed a “neutral” rating and set a $76.00 target price on shares of Brunswick in a research report on Monday, May 18th. Finally, JPMorgan Chase & Co. upped their target price on Brunswick from $78.00 to $83.00 and gave the company a “neutral” rating in a report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Brunswick presently has an average rating of “Hold” and an average target price of $88.00.

About Brunswick

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.