Bank of America Corp DE Takes $27.44 Million Position in Brunswick Corporation $BC

Key Points

• Bank of America acquired a new 325,744-share stake in Brunswick worth approximately $27.44 million, representing 0.50% of the company. Institutional investors collectively own 99.34% of Brunswick.
• Brunswick reported quarterly EPS of $1.56, beating estimates of $1.19, while revenue rose 7.7% year over year to $1.56 billion. The company provided full-year 2026 EPS guidance of $4.35–$4.75 and pays a $0.44 quarterly dividend.
• CEO and Executive Chairman David Foulkes plans to retire at the end of 2026, with Aine Denari named as successor. Analysts maintain a “Moderate Buy” consensus with an $88 average price target, although the stock remains below its 50-day and 200-day moving averages.

Bank of America Corp DE bought a new position in shares of Brunswick Corporation (NYSE:BC - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 325,744 shares of the company's stock, valued at approximately $27,441,000. Bank of America Corp DE owned 0.50% of Brunswick as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. First Horizon Corp increased its stake in Brunswick by 27.9% in the 1st quarter. First Horizon Corp now owns 701 shares of the company's stock valued at $51,000 after buying an additional 153 shares during the period. GAMMA Investing LLC lifted its stake in shares of Brunswick by 4.1% in the 2nd quarter. GAMMA Investing LLC now owns 4,942 shares of the company's stock worth $416,000 after acquiring an additional 194 shares during the period. Daiwa Securities Group Inc. lifted its stake in shares of Brunswick by 1.1% in the 4th quarter. Daiwa Securities Group Inc. now owns 22,810 shares of the company's stock worth $1,693,000 after acquiring an additional 255 shares during the period. Waverly Advisors LLC boosted its holdings in shares of Brunswick by 8.9% in the first quarter. Waverly Advisors LLC now owns 3,184 shares of the company's stock valued at $232,000 after acquiring an additional 260 shares in the last quarter. Finally, Evolve Private Wealth LLC boosted its holdings in shares of Brunswick by 6.1% in the first quarter. Evolve Private Wealth LLC now owns 4,634 shares of the company's stock valued at $337,000 after acquiring an additional 265 shares in the last quarter. Hedge funds and other institutional investors own 99.34% of the company's stock.

Key Stories Impacting Brunswick

Here are the key news stories impacting Brunswick this week:

• Positive Sentiment: Brunswick announced an orderly succession plan: CEO and Executive Chairman David Foulkes will retire at the end of 2026, with Aine Denari named as his successor. A planned transition and an identified replacement may reduce uncertainty for investors and support continuity in the company’s marine manufacturing and technology businesses. Brunswick Corporation Announces Leadership Transition
• Neutral Sentiment: The company also announced broader management and board leadership changes, including a new board chair as part of the transition. These changes could refresh Brunswick’s strategic direction, but investors will likely await further details on priorities, execution and capital allocation under the incoming leadership. Brunswick Corp. Names New CEO and New Board Chair
• Negative Sentiment: Foulkes’ departure introduces leadership uncertainty at a time when Brunswick’s stock is trading below its 50-day and 200-day moving averages and the company remains exposed to cyclical recreational-boat demand. Investors may worry about disruption or changes to strategy until the transition is completed. Brunswick Corporation CEO to Retire, Successor Named for 2027

Brunswick Trading Up 0.8%

NYSE BC opened at $66.53 on Wednesday. Brunswick Corporation has a 12 month low of $58.56 and a 12 month high of $90.25. The company has a 50-day moving average of $77.29 and a 200-day moving average of $77.90. 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 has a market cap of $4.31 billion, a P/E ratio of -50.79 and a beta of 1.34.

Brunswick (NYSE:BC - Get Free Report) last released 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 analyst estimates of $1.52 billion. Brunswick had a positive return on equity of 15.28% and a negative net margin of 1.53%.Brunswick's revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.90 EPS. 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, equities analysts predict that Brunswick Corporation will post 4.55 earnings per share for the current year.

Brunswick Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Thursday, August 20th were given a dividend of $0.44 per share. The ex-dividend date was Thursday, August 20th. This represents a $1.76 annualized dividend and a dividend yield of 2.6%. Brunswick's payout ratio is currently -134.35%.

Wall Street Analyst Weigh In

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

About Brunswick

Brunswick Corporation NYSE: BC is a global marine recreation company that develops, manufactures and distributes products used by boat owners, recreational boaters and marine dealers. Its operations include marine propulsion systems, boats, engine parts and accessories, marine electronics, and related technologies and services.

The company's portfolio includes Mercury Marine outboard and inboard engines, along with boat brands such as Boston Whaler, Sea Ray, Bayliner, Lund, Harris and Manitou.

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