56,720 Shares in Brunswick Corporation $BC Bought by Castleark Management LLC

Castleark Management LLC purchased a new stake in Brunswick Corporation (NYSE:BC) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 56,720 shares of the company’s stock, valued at approximately $4,778,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. BlackRock Inc. acquired a new position in shares of Brunswick during the second quarter valued at about $568,461,000. Bank of New York Mellon Corp bought a new position in Brunswick in the second quarter worth $101,201,000. Bank of America Corp DE boosted its stake in Brunswick by 296.1% during the first quarter. Bank of America Corp DE now owns 872,368 shares of the company’s stock worth $63,474,000 after buying an additional 652,136 shares in the last quarter. Norges Bank bought a new stake in Brunswick in the 4th quarter valued at $46,665,000. Finally, AQR Capital Management LLC raised its stake in shares of 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 in the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BC. William Blair set a $94.00 target price on shares of Brunswick in a research report on Thursday, August 13th. Morgan Stanley raised their price target 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. DA Davidson reiterated a “neutral” rating and issued a $76.00 price objective on shares of Brunswick in a research note on Monday, August 17th. Truist Financial increased their target price on Brunswick from $93.00 to $94.00 and gave the stock a “buy” rating in a report on Monday, July 6th. Finally, Robert W. Baird set a $92.00 target price on Brunswick in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $88.00.

Brunswick Trading Down 1.1%

Shares of Brunswick stock opened at $80.36 on Wednesday. Brunswick Corporation has a 12-month low of $58.56 and a 12-month high of $90.25. The stock has a market capitalization of $5.21 billion, a P/E ratio of -61.35 and a beta of 1.33. The company has a 50-day simple moving average of $80.99 and a 200 day simple moving average of $79.71. The company has a quick ratio of 0.65, a current ratio of 1.45 and a debt-to-equity ratio of 1.08.

Brunswick (NYSE:BC) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.37. Brunswick had a negative net margin of 1.53% and a positive return on equity of 15.28%. The firm had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same period in the prior year, the firm earned $0.90 earnings per share. The company’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. Research analysts expect that Brunswick Corporation will post 4.55 earnings per share for the current fiscal year.

Brunswick Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Thursday, August 20th will be given a $0.44 dividend. The ex-dividend date is Thursday, August 20th. This represents a $1.76 annualized dividend and a yield of 2.2%. Brunswick’s payout ratio is presently -134.35%.

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.