Icon Advisers Inc. Co. Buys Shares of 7,003 Brunswick Corporation $BC

Icon Advisers Inc. Co. purchased a new stake in Brunswick Corporation (NYSE:BC) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,003 shares of the company’s stock, valued at approximately $510,000.

Several other hedge funds and other institutional investors have also made changes to their positions in BC. Quarry LP increased its holdings in Brunswick by 38.4% in the fourth quarter. Quarry LP now owns 440 shares of the company’s stock valued at $33,000 after purchasing an additional 122 shares during the last quarter. First Horizon Corp raised its position in shares of Brunswick by 31.7% in the 4th quarter. First Horizon Corp now owns 548 shares of the company’s stock valued at $41,000 after acquiring an additional 132 shares during the period. Verdence Capital Advisors LLC raised its position in shares of Brunswick by 2.4% in the 4th quarter. Verdence Capital Advisors LLC now owns 6,783 shares of the company’s stock valued at $504,000 after acquiring an additional 156 shares during the period. Farther Finance Advisors LLC boosted its stake in Brunswick by 72.3% during the 4th quarter. Farther Finance Advisors LLC now owns 379 shares of the company’s stock worth $28,000 after acquiring an additional 159 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its stake in Brunswick by 15.2% during the 3rd quarter. NewEdge Advisors LLC now owns 1,332 shares of the company’s stock worth $84,000 after acquiring an additional 176 shares during the last quarter. 99.34% of the stock is currently owned by institutional investors.

Brunswick Stock Performance

Shares of BC stock opened at $81.95 on Thursday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.62 and a current ratio of 1.38. Brunswick Corporation has a 52 week low of $55.60 and a 52 week high of $90.25. The company’s 50 day moving average price is $80.93 and its two-hundred day moving average price is $80.39. The company has a market capitalization of $5.32 billion, a P/E ratio of -39.02 and a beta of 1.33.

Brunswick (NYSE:BC) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.24. Brunswick had a negative net margin of 2.47% and a positive return on equity of 13.30%. The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the prior year, the company earned $0.56 earnings per share. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. 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, analysts expect that Brunswick Corporation will post 4.31 earnings per share for the current fiscal year.

Brunswick Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on BC shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Brunswick in a research note on Wednesday, June 24th. Truist Financial lifted their price target on shares of Brunswick from $93.00 to $94.00 and gave the stock a “buy” rating in a research report on Monday, July 6th. Morgan Stanley boosted their price target on shares of Brunswick from $82.00 to $86.00 and gave the company an “equal weight” rating in a report on Tuesday, May 19th. Wall Street Zen downgraded Brunswick from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, JPMorgan Chase & Co. lifted their target price on Brunswick from $78.00 to $83.00 and gave the stock a “neutral” rating in a report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Brunswick has an average rating of “Hold” and an average price target of $87.07.

Insiders Place Their Bets

In other Brunswick news, CEO David M. Foulkes sold 25,853 shares of the 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 completion of the transaction, the chief executive officer owned 267,528 shares in the company, valued at approximately $22,236,927.36. This represents a 8.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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.