Lakewood Capital Management LP Acquires Shares of 460,467 Brunswick Corporation $BC

Lakewood Capital Management LP acquired a new stake in Brunswick Corporation (NYSE:BC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 460,467 shares of the company’s stock, valued at approximately $38,790,000. Brunswick comprises about 2.0% of Lakewood Capital Management LP’s holdings, making the stock its 18th largest position. Lakewood Capital Management LP owned 0.71% of Brunswick at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Legal & General Group Plc acquired a new position in shares of Brunswick during the 2nd quarter worth approximately $7,870,000. The Manufacturers Life Insurance Company bought a new stake in Brunswick in the 2nd quarter valued at $3,904,000. Trajan Wealth LLC acquired a new stake in Brunswick during the 2nd quarter valued at $230,000. Sanctuary Advisors LLC acquired a new stake in Brunswick during the 2nd quarter valued at $740,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in Brunswick during the second quarter worth $825,000. 99.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on BC. Truist Financial upped their price objective on shares of Brunswick from $93.00 to $94.00 and gave the company a “buy” rating in a report on Monday, July 6th. Robert W. Baird set a $92.00 target price on shares of Brunswick in a report on Friday, July 31st. DA Davidson reiterated a “neutral” rating and issued a $76.00 price target on shares of Brunswick in a research note on Monday, August 17th. William Blair set a $94.00 price target on shares of Brunswick in a research note on Thursday, August 13th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Brunswick in a report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Brunswick presently has a consensus rating of “Moderate Buy” and an average price target of $88.00.

Brunswick Stock Performance

NYSE BC opened at $81.31 on Tuesday. The firm has a 50-day moving average price of $81.03 and a two-hundred day moving average price of $79.77. Brunswick Corporation has a 12-month low of $58.56 and a 12-month high of $90.25. The company has a market capitalization of $5.27 billion, a P/E ratio of -62.07 and a beta of 1.33. 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 announced its earnings results on Thursday, July 30th. The company reported $1.56 EPS 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 company had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same period last year, the firm earned $0.90 earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. 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 anticipate that Brunswick Corporation will post 4.55 earnings per share for the current year.

Brunswick Announces Dividend

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

Brunswick Company 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.