Norges Bank Buys New Position in Brunswick Corporation $BC

Norges Bank acquired a new stake in Brunswick Corporation (NYSE:BC) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 628,576 shares of the company’s stock, valued at approximately $46,665,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Eurizon Capital SGR S.p.A. bought a new stake in shares of Brunswick in the fourth quarter valued at about $86,000. Rothschild Investment LLC raised its holdings in Brunswick by 646.8% in the 4th quarter. Rothschild Investment LLC now owns 1,501 shares of the company’s stock valued at $111,000 after acquiring an additional 1,300 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Brunswick by 169.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,439 shares of the company’s stock valued at $107,000 after acquiring an additional 904 shares in the last quarter. Royce & Associates LP lifted its position in shares of Brunswick by 29.1% in the 4th quarter. Royce & Associates LP now owns 513,978 shares of the company’s stock worth $38,158,000 after acquiring an additional 115,833 shares during the period. Finally, Cary Street Partners Financial LLC grew its holdings in shares of Brunswick by 80.3% during the 4th quarter. Cary Street Partners Financial LLC now owns 8,960 shares of the company’s stock worth $665,000 after purchasing an additional 3,990 shares in the last quarter. Institutional investors own 99.34% of the company’s stock.

Wall Street Analysts Forecast Growth

BC has been the topic of a number of recent research reports. Wall Street Zen downgraded shares of Brunswick from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Texas Capital raised shares of Brunswick from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 10th. Truist Financial lifted their target price on shares of Brunswick from $92.00 to $93.00 and gave the company a “buy” rating in a research report on Monday, April 27th. JPMorgan Chase & Co. upped 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. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Brunswick in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $87.00.

Brunswick Stock Down 0.0%

NYSE BC opened at $80.37 on Monday. The stock has a market capitalization of $5.22 billion, a P/E ratio of -38.27 and a beta of 1.33. 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 stock has a fifty day moving average of $78.59 and a 200-day moving average of $78.05.

Brunswick (NYSE:BC) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.24. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.32 billion. Brunswick had a negative net margin of 2.47% and a positive return on equity of 13.30%. Brunswick’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.56 earnings per share. Brunswick has set its FY 2026 guidance at 4.000-4.50 EPS and its Q2 2026 guidance at 1.100-1.20 EPS. On average, equities research analysts forecast that Brunswick Corporation will post 4.29 EPS for the current year.

Brunswick Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, May 18th will be issued a dividend of $0.44 per share. The ex-dividend date is Monday, May 18th. This represents a $1.76 annualized dividend and a yield of 2.2%. Brunswick’s payout ratio is currently -83.81%.

Insider Transactions at Brunswick

In other news, CEO David M. Foulkes sold 25,853 shares of Brunswick stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $83.12, for a total transaction of $2,148,901.36. Following the transaction, the chief executive officer owned 267,528 shares in the company, valued at $22,236,927.36. The trade was a 8.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.99% of the company’s stock.

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.