Levin Capital Strategies L.P. Decreases Holdings in Brunswick Corporation $BC

Levin Capital Strategies L.P. trimmed its holdings in shares of Brunswick Corporation (NYSE:BC) by 6.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,612 shares of the company’s stock after selling 6,411 shares during the period. Levin Capital Strategies L.P. owned about 0.13% of Brunswick worth $6,302,000 at the end of the most recent reporting period.

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

Insider Activity at Brunswick

In other news, CEO David M. Foulkes sold 25,853 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 267,528 shares of the company’s stock, valued at $22,236,927.36. This trade represents a 8.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.99% of the stock is owned by insiders.

Brunswick Price Performance

BC opened at $81.95 on Thursday. The firm has a 50-day moving average price of $80.93 and a 200-day moving average price of $80.39. Brunswick Corporation has a twelve month low of $55.60 and a twelve month high of $90.25. The company has a quick ratio of 0.62, a current ratio of 1.38 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $5.32 billion, a price-to-earnings ratio of -39.02 and a beta of 1.33.

Brunswick (NYSE:BC) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.24. The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations 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 was up 12.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.56 EPS. 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 analysts expect that Brunswick Corporation will post 4.31 EPS for the current year.

Brunswick Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Thursday, August 20th will be given a dividend of $0.44 per share. The ex-dividend date is Thursday, August 20th. This represents a $1.76 annualized dividend and a dividend yield of 2.1%. Brunswick’s dividend payout ratio is currently -83.81%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BC. Wall Street Zen lowered shares of Brunswick from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. JPMorgan Chase & Co. increased their price objective on Brunswick from $78.00 to $83.00 and gave the company a “neutral” rating in a report on Tuesday, April 28th. Morgan Stanley raised their target price on Brunswick from $82.00 to $86.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 19th. DA Davidson restated a “neutral” rating and issued a $76.00 target price on shares of Brunswick in a research note on Monday, May 18th. Finally, Truist Financial upped their price target on Brunswick from $93.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $87.07.

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.