Ieq Capital LLC Invests $2.64 Million in Brunswick Corporation $BC

Ieq Capital LLC purchased a new stake in shares of Brunswick Corporation (NYSE:BC) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 31,387 shares of the company’s stock, valued at approximately $2,644,000.

A number of other institutional investors and hedge funds have also made changes to their positions in BC. Swedbank AB purchased a new position in Brunswick in the fourth quarter worth about $10,394,000. Global Alpha Capital Management Ltd. lifted its stake in shares of Brunswick by 21.4% in the 4th quarter. Global Alpha Capital Management Ltd. now owns 328,523 shares of the company’s stock valued at $24,390,000 after purchasing an additional 57,895 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Brunswick by 148.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 79,607 shares of the company’s stock valued at $5,792,000 after purchasing an additional 47,573 shares during the last quarter. Friedenthal Financial bought a new position in shares of Brunswick during the 1st quarter valued at approximately $992,000. Finally, Gateway Investment Advisers LLC bought a new stake in Brunswick in the fourth quarter worth $591,000. 99.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BC has been the subject of several analyst reports. JPMorgan Chase & Co. raised their target price on shares of Brunswick from $78.00 to $83.00 and gave the stock a “neutral” rating in a report on Tuesday, April 28th. Robert W. Baird set a $92.00 price target on Brunswick in a report on Friday, July 31st. DA Davidson reaffirmed a “neutral” rating and issued a $76.00 price target on shares of Brunswick in a research report on Monday, August 17th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Brunswick in a report on Wednesday, June 24th. Finally, 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 report on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.00.

Brunswick Stock Performance

NYSE:BC opened at $81.31 on Tuesday. The firm has a market capitalization of $5.27 billion, a price-to-earnings ratio of -62.07 and a beta of 1.33. Brunswick Corporation has a 1-year low of $58.56 and a 1-year high of $90.25. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.45 and a quick ratio of 0.65. The company’s 50-day moving average is $81.03 and its two-hundred day moving average is $79.77.

Brunswick (NYSE:BC) last announced its earnings results on Thursday, July 30th. The company reported $1.56 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the previous year, the company earned $0.90 earnings per share. The firm’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. Analysts forecast that Brunswick Corporation will post 4.55 EPS for the current year.

Brunswick Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.2%. Brunswick’s payout ratio is -134.35%.

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.