Bank of America Corp DE Purchases 652,136 Shares of Brunswick Corporation $BC

Key Points

• Bank of America significantly increased its Brunswick position by purchasing 652,136 shares, bringing its total holdings to 872,368 shares valued at approximately $63.5 million. Institutional investors collectively own 99.34% of Brunswick.
• Brunswick reported quarterly earnings of $1.56 per share, beating estimates of $1.19, while revenue rose 7.7% year over year to $1.56 billion. The company guided for third-quarter 2026 EPS of $1.20–$1.40 and full-year EPS of $4.35–$4.75.
• The company declared a quarterly dividend of $0.44 per share, equivalent to an annualized $1.76 payout and a 2.2% yield. Analysts have a consensus “Hold” rating and an average price target of $87.57, compared with the stock’s reported opening price of $80.10.

Bank of America Corp DE boosted its position in Brunswick Corporation (NYSE:BC - Free Report) by 296.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 872,368 shares of the company's stock after acquiring an additional 652,136 shares during the period. Bank of America Corp DE owned 1.34% of Brunswick worth $63,474,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of BC. Bull Harbor Capital LLC acquired a new stake in shares of Brunswick during the first quarter worth $223,000. Amundi acquired a new stake in Brunswick during the 1st quarter worth approximately $331,000. California State Teachers Retirement System raised its holdings in shares of Brunswick by 28.6% during the first quarter. California State Teachers Retirement System now owns 78,652 shares of the company's stock worth $5,723,000 after acquiring an additional 17,489 shares during the period. Maverick Capital Ltd. acquired a new stake in shares of Brunswick in the 1st quarter valued at about $854,000. Finally, Quantinno Capital Management LP raised its position in Brunswick by 2.8% in the 1st quarter. Quantinno Capital Management LP now owns 125,449 shares of the company's stock valued at $9,128,000 after buying an additional 3,393 shares during the last quarter. Institutional investors and hedge funds own 99.34% of the company's stock.

Insider Buying and Selling

In related news, CEO David M. Foulkes sold 25,853 shares of the company's stock in a transaction that occurred 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 sale, the chief executive officer directly owned 267,528 shares in the company, valued at $22,236,927.36. This represents a 8.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.99% of the stock is owned by insiders.

Brunswick Price Performance

Shares of BC opened at $80.10 on Tuesday. The business has a 50-day simple moving average of $81.08 and a two-hundred day simple moving average of $80.00. Brunswick Corporation has a 12-month low of $55.84 and a 12-month high of $90.25. The company has a quick ratio of 0.65, a current ratio of 1.45 and a debt-to-equity ratio of 1.08. The stock has a market cap of $5.19 billion, a PE ratio of -61.15 and a beta of 1.33.

Brunswick (NYSE:BC - Get Free Report) last posted 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 business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same period last year, the company earned $0.90 EPS. The firm's 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 anticipate that Brunswick Corporation will post 4.54 earnings per share for the current fiscal year.

Brunswick Dividend Announcement

The business also recently disclosed 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. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Thursday, August 20th. Brunswick's dividend payout ratio (DPR) is -134.35%.

Analyst Upgrades and Downgrades

BC has been the topic of several analyst reports. 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 report on Monday, July 6th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Brunswick in a research report on Wednesday, June 24th. Morgan Stanley boosted their price objective on Brunswick from $82.00 to $86.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 19th. DA Davidson restated a "neutral" rating and issued a $76.00 price target on shares of Brunswick in a research note on Monday, May 18th. 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 assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Brunswick has a consensus rating of "Hold" and an average price target of $87.57.

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.

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