Bank of New York Mellon Corp Invests $101.20 Million in Brunswick Corporation $BC

Bank of New York Mellon Corp purchased a new stake in shares of Brunswick Corporation (NYSE:BC - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,201,336 shares of the company's stock, valued at approximately $101,201,000. Bank of New York Mellon Corp owned 1.85% of Brunswick at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Summit Securities Group LLC purchased a new position in shares of Brunswick during the first quarter valued at $27,000. Farther Finance Advisors LLC raised its position in Brunswick by 72.3% during the fourth quarter. Farther Finance Advisors LLC now owns 379 shares of the company's stock valued at $28,000 after buying an additional 159 shares during the period. Millstone Evans Group LLC purchased a new stake in Brunswick in the 1st quarter worth about $29,000. Quarry LP boosted its position in Brunswick by 38.4% during the 4th quarter. Quarry LP now owns 440 shares of the company's stock worth $33,000 after acquiring an additional 122 shares during the period. Finally, Larson Financial Group LLC boosted its position in Brunswick by 705.4% during the 3rd quarter. Larson Financial Group LLC now owns 596 shares of the company's stock worth $38,000 after acquiring an additional 522 shares during the period. 99.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on BC. DA Davidson reaffirmed a "neutral" rating and set a $76.00 price objective on shares of Brunswick in a research report on Monday, August 17th. Morgan Stanley increased their target price on shares of Brunswick from $82.00 to $86.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 19th. Robert W. Baird set a $92.00 target price on shares of Brunswick in a research note on Friday, July 31st. Weiss Ratings restated a "sell (d+)" rating on shares of Brunswick in a report on Wednesday, June 24th. Finally, Truist Financial upped 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. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Brunswick presently has an average rating of "Moderate Buy" and an average price target of $88.00.

Brunswick Price Performance

Shares of BC opened at $81.31 on Tuesday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.65 and a current ratio of 1.45. The firm has a market cap of $5.27 billion, a PE ratio of -62.07 and a beta of 1.33. The firm's 50 day moving average price is $81.03 and its 200 day moving average price is $79.77. Brunswick Corporation has a twelve month low of $58.56 and a twelve month high of $90.25.

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 company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the previous year, the firm posted $0.90 earnings per share. The company's revenue for the quarter 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. As a group, research analysts expect that Brunswick Corporation will post 4.55 EPS for the current fiscal year.

Brunswick Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Thursday, August 20th will be issued a $0.44 dividend. The ex-dividend date is Thursday, August 20th. This represents a $1.76 dividend on an annualized basis and a yield of 2.2%. Brunswick's dividend payout ratio is currently -134.35%.

Brunswick 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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