Brunswick Corporation $BC Position Cut by Copeland Capital Management LLC

Copeland Capital Management LLC trimmed its holdings in shares of Brunswick Corporation (NYSE:BC - Free Report) by 3.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 821,388 shares of the company's stock after selling 27,895 shares during the quarter. Copeland Capital Management LLC owned about 1.27% of Brunswick worth $52,766,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Hsbc Holdings PLC raised its holdings in Brunswick by 32.2% in the 2nd quarter. Hsbc Holdings PLC now owns 90,649 shares of the company's stock worth $7,591,000 after acquiring an additional 22,098 shares during the period. BlackRock Inc. acquired a new position in Brunswick during the 2nd quarter worth $568,461,000. Public Employees Retirement System of Ohio bought a new stake in Brunswick during the second quarter valued at about $1,552,000. Bank of America Corp DE bought a new stake in Brunswick during the second quarter valued at about $27,441,000. Finally, Castleark Management LLC bought a new stake in Brunswick during the second quarter valued at about $4,778,000. 99.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. DA Davidson restated a "neutral" rating and set a $76.00 target price on shares of Brunswick in a research note on Monday, August 17th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Brunswick in a research report on Monday, September 21st. Robert W. Baird set a $92.00 price target on Brunswick in a report on Friday, July 31st. William Blair set a $94.00 price target on Brunswick in a report on Thursday, August 13th. Finally, Truist Financial increased their price objective on Brunswick from $93.00 to $94.00 and gave the company a "buy" rating in a research report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $88.00.

Brunswick Price Performance

Shares of BC stock opened at $62.51 on Wednesday. The stock's fifty day simple moving average is $72.49 and its 200 day simple moving average is $77.14. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.45 and a quick ratio of 0.65. Brunswick Corporation has a one year low of $59.06 and a one year high of $90.25. The firm has a market cap of $4.05 billion, a price-to-earnings ratio of -47.72 and a beta of 1.38.

Brunswick (NYSE:BC - Get Free Report) last issued its quarterly earnings data 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 positive return on equity of 15.28% and a negative net margin of 1.53%. The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the previous year, the company posted $0.90 EPS. The business'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. On average, analysts expect that Brunswick Corporation will post 4.55 earnings per share for the current fiscal year.

Brunswick Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Thursday, August 20th were issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $1.76 dividend on an annualized basis and a yield of 2.8%. Brunswick's dividend payout ratio is currently -134.35%.

Brunswick Profile

Brunswick Corporation NYSE: BC is a global marine recreation company that develops, manufactures and distributes products used in boating. Its offerings include marine propulsion systems, boats, boat parts and accessories, electronics, and related technologies and services.

The company's marine propulsion portfolio is marketed primarily under the Mercury Marine brand and includes outboard and sterndrive engines, controls, instruments and other propulsion-related products. Brunswick also produces and sells boats under brands that have included Boston Whaler, Bayliner, Sea Ray, Lund, Harris and Crestliner, along with marine electronics and navigation products through its Navico Group businesses.

Founded in 1845 by John Moses Brunswick, the company has evolved from its early manufacturing operations into a specialized marine products business.

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