93,426 Shares in Brunswick Corporation $BC Bought by Legal & General Group Plc

Legal & General Group Plc acquired a new stake in shares of Brunswick Corporation (NYSE:BC) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 93,426 shares of the company’s stock, valued at approximately $7,870,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Quarry LP raised its holdings in shares of Brunswick by 38.4% in the 4th quarter. Quarry LP now owns 440 shares of the company’s stock valued at $33,000 after acquiring an additional 122 shares in the last quarter. First Horizon Corp grew its holdings in shares of Brunswick by 27.9% during the first quarter. First Horizon Corp now owns 701 shares of the company’s stock worth $51,000 after purchasing an additional 153 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Brunswick by 72.3% during the fourth quarter. Farther Finance Advisors LLC now owns 379 shares of the company’s stock worth $28,000 after purchasing an additional 159 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of Brunswick by 15.2% in the third quarter. NewEdge Advisors LLC now owns 1,332 shares of the company’s stock worth $84,000 after purchasing an additional 176 shares during the last quarter. Finally, First Citizens Bank & Trust Co. raised its stake in Brunswick by 2.2% in the fourth quarter. First Citizens Bank & Trust Co. now owns 8,517 shares of the company’s stock valued at $632,000 after purchasing an additional 187 shares in the last quarter. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on BC shares. Truist Financial boosted their price target on shares of Brunswick from $93.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, July 6th. Morgan Stanley lifted their price objective on shares of Brunswick from $82.00 to $86.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 19th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Brunswick in a research report on Wednesday, June 24th. William Blair set a $94.00 target price on Brunswick in a research note on Thursday, August 13th. Finally, Robert W. Baird set a $92.00 price target on Brunswick in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $88.00.

Brunswick Stock Down 3.6%

Shares of NYSE BC opened at $73.20 on Wednesday. Brunswick Corporation has a one year low of $58.56 and a one 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 firm’s 50 day simple moving average is $80.45 and its two-hundred day simple moving average is $79.35. The stock has a market capitalization of $4.74 billion, a P/E ratio of -55.88 and a beta of 1.34.

Brunswick (NYSE:BC) last posted its quarterly 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. The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.52 billion. Brunswick had a negative net margin of 1.53% and a positive return on equity of 15.28%. The business’s revenue was up 7.7% compared to the same quarter last year. During the same period last year, the firm posted $0.90 earnings per share. Brunswick has set its Q3 2026 guidance at 1.200-1.400 EPS and its FY 2026 guidance at 4.350-4.750 EPS. As a group, analysts expect that Brunswick Corporation will post 4.55 EPS for the current fiscal year.

Brunswick Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Thursday, August 20th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Thursday, August 20th. Brunswick’s dividend payout ratio (DPR) is presently -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.