California Public Employees Retirement System Grows Stock Position in Brunswick Corporation $BC

Key Points

• CalPERS increased its stake in Brunswick by 10.5% in the first quarter, ending with 134,630 shares valued at about $9.8 million. Other institutional investors also added to or adjusted their positions, and hedge funds and institutions now own 99.34% of the stock.
• Brunswick reported solid quarterly results, with EPS of $0.70 beating estimates of $0.46 and revenue of $1.38 billion topping expectations. Revenue rose 12.8% year over year, and the company reaffirmed guidance for FY2026 and Q2 2026.
• Analyst sentiment remains mixed, with a consensus rating of “Hold” and an average price target of $87.07. Separately, CEO David M. Foulkes sold 25,853 shares in May, and Brunswick announced a quarterly dividend of $0.44 per share, yielding 2.2% annualized.

California Public Employees Retirement System increased its stake in Brunswick Corporation (NYSE:BC - Free Report) by 10.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 134,630 shares of the company's stock after buying an additional 12,835 shares during the quarter. California Public Employees Retirement System owned about 0.21% of Brunswick worth $9,796,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Assetmark Inc. raised its stake in shares of Brunswick by 156.2% in the first quarter. Assetmark Inc. now owns 707 shares of the company's stock valued at $51,000 after acquiring an additional 431 shares during the period. Bessemer Group Inc. boosted its stake in shares of Brunswick by 2.0% during the 1st quarter. Bessemer Group Inc. now owns 50,304 shares of the company's stock worth $3,661,000 after purchasing an additional 992 shares during the period. State of Michigan Retirement System boosted its stake in shares of Brunswick by 2.0% during the 1st quarter. State of Michigan Retirement System now owns 15,670 shares of the company's stock worth $1,140,000 after purchasing an additional 300 shares during the period. Fifth Third Bancorp raised its position in Brunswick by 3,862.1% in the 1st quarter. Fifth Third Bancorp now owns 44,376 shares of the company's stock worth $3,229,000 after purchasing an additional 43,256 shares during the period. Finally, Markel Group Inc. raised its position in Brunswick by 7.3% in the 1st quarter. Markel Group Inc. now owns 51,250 shares of the company's stock worth $3,729,000 after purchasing an additional 3,500 shares during the period. 99.34% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Brunswick news, CEO David M. Foulkes sold 25,853 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $83.12, for a total transaction of $2,148,901.36. Following the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.99% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. DA Davidson restated a "neutral" rating and set a $76.00 target price on shares of Brunswick in a research report on Monday, May 18th. Weiss Ratings reiterated a "sell (d+)" rating on shares of Brunswick in a report on Wednesday, June 24th. Wall Street Zen lowered Brunswick from a "buy" rating to a "hold" rating in a research note on Saturday, April 25th. Truist Financial raised 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. Finally, Morgan Stanley lifted their price objective on shares of Brunswick from $82.00 to $86.00 and gave the company an "equal weight" rating in a report on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $87.07.

Brunswick Trading Up 0.4%

BC opened at $79.91 on Friday. The company has a quick ratio of 0.62, a current ratio of 1.38 and a debt-to-equity ratio of 1.13. The stock's fifty day moving average is $80.98 and its two-hundred day moving average is $80.41. The company has a market capitalization of $5.19 billion, a P/E ratio of -38.05 and a beta of 1.33. Brunswick Corporation has a 52 week low of $55.60 and a 52 week high of $90.25.

Brunswick (NYSE:BC - Get Free Report) last issued its earnings results on Thursday, April 30th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.24. Brunswick had a positive return on equity of 13.30% and a negative net margin of 2.47%.The business had revenue of $1.38 billion during the quarter, compared to analysts' expectations of $1.32 billion. During the same period in the prior year, the business earned $0.56 EPS. The business's revenue for the quarter was up 12.8% compared to the same quarter last year. Brunswick has set its FY 2026 guidance at 4.000-4.50 EPS and its Q2 2026 guidance at 1.100-1.20 EPS. Analysts forecast that Brunswick Corporation will post 4.31 earnings per share for the current 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 paid a $0.44 dividend. The ex-dividend date of this dividend 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 -83.81%.

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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