BlackRock Inc. Makes New Investment in Brunswick Corporation $BC

Key Points

• BlackRock acquired 6.75 million Brunswick shares worth approximately $568.5 million, giving it a 10.39% stake. Institutional investors collectively own 99.34% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $88, compared with Brunswick’s opening price of $81.31.
• Brunswick exceeded quarterly expectations with EPS of $1.56 versus the $1.19 consensus and revenue of $1.56 billion, up 7.7% year over year. The company also declared a quarterly dividend of $0.44, representing a 2.2% annualized yield.

BlackRock Inc. acquired a new position in shares of Brunswick Corporation (NYSE:BC - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 6,748,107 shares of the company's stock, valued at approximately $568,461,000. BlackRock Inc. owned 10.39% of Brunswick at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of BC. Summit Securities Group LLC acquired a new stake in shares of Brunswick in the first quarter worth $27,000. Farther Finance Advisors LLC raised its stake in Brunswick by 72.3% during the 4th quarter. Farther Finance Advisors LLC now owns 379 shares of the company's stock valued at $28,000 after purchasing an additional 159 shares during the last quarter. Millstone Evans Group LLC bought a new stake in Brunswick in the 1st quarter valued at $29,000. Quarry LP grew its position in Brunswick by 38.4% in the 4th quarter. Quarry LP now owns 440 shares of the company's stock worth $33,000 after purchasing an additional 122 shares during the last quarter. Finally, Larson Financial Group LLC grew its position in Brunswick by 705.4% in the 3rd quarter. Larson Financial Group LLC now owns 596 shares of the company's stock worth $38,000 after purchasing an additional 522 shares during the last quarter. Institutional investors own 99.34% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on BC shares. JPMorgan Chase & Co. raised their price objective on Brunswick from $78.00 to $83.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 28th. Robert W. Baird set a $92.00 target price on Brunswick in a research note on Friday, July 31st. DA Davidson reaffirmed a "neutral" rating and issued a $76.00 target price on shares of Brunswick in a research report on Monday, August 17th. Truist Financial raised their target price on Brunswick from $93.00 to $94.00 and gave the stock a "buy" rating in a research report on Monday, July 6th. Finally, William Blair set a $94.00 price target on shares of Brunswick in a research note on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $88.00.

Brunswick Price Performance

BC opened at $81.31 on Tuesday. The company has a fifty day moving average price of $81.03 and a two-hundred day moving average price of $79.77. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.65 and a current ratio of 1.45. Brunswick Corporation has a 52 week low of $58.56 and a 52 week high of $90.25. The firm has a market capitalization of $5.27 billion, a PE ratio of -62.07 and a beta of 1.33.

Brunswick (NYSE:BC - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.56 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $1.52 billion. During the same quarter in the previous year, the business earned $0.90 EPS. The firm's revenue 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. As a group, analysts anticipate that Brunswick Corporation will post 4.55 earnings per share for the current 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 issued a $0.44 dividend. The ex-dividend date is Thursday, August 20th. This represents a $1.76 annualized dividend and a dividend yield of 2.2%. Brunswick's dividend payout ratio (DPR) is presently -134.35%.

About Brunswick

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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