California State Teachers Retirement System Decreases Stock Holdings in Brunswick Corporation $BC

Key Points

• California State Teachers Retirement System cut its Brunswick stake by 5.5% in the second quarter, selling 4,332 shares and retaining 74,320 shares valued at approximately $6.26 million. Institutional investors and hedge funds collectively own 99.34% of the company.
• Brunswick shares recently fell 2.0% to $68.77, despite the company reporting quarterly EPS of $1.56, exceeding analysts’ $1.19 estimate, while revenue rose 7.7% year over year to $1.56 billion.
• The company announced a quarterly dividend of $0.44 per share, equivalent to an annualized $1.76 payout and a 2.6% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $88.

California State Teachers Retirement System lowered its stake in Brunswick Corporation (NYSE:BC - Free Report) by 5.5% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 74,320 shares of the company's stock after selling 4,332 shares during the quarter. California State Teachers Retirement System owned approximately 0.11% of Brunswick worth $6,260,717 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. First Horizon Corp lifted its stake in Brunswick by 27.9% in the first quarter. First Horizon Corp now owns 701 shares of the company's stock valued at $51,000 after acquiring an additional 153 shares during the last quarter. GAMMA Investing LLC increased its holdings in Brunswick by 4.1% in the 2nd quarter. GAMMA Investing LLC now owns 4,942 shares of the company's stock valued at $416,000 after buying an additional 194 shares during the period. Daiwa Securities Group Inc. increased its holdings in Brunswick by 1.1% in the fourth quarter. Daiwa Securities Group Inc. now owns 22,810 shares of the company's stock valued at $1,693,000 after purchasing an additional 255 shares during the period. Waverly Advisors LLC raised its position in shares of Brunswick by 8.9% during the first quarter. Waverly Advisors LLC now owns 3,184 shares of the company's stock worth $232,000 after purchasing an additional 260 shares during the period. Finally, Evolve Private Wealth LLC grew its position in shares of Brunswick by 6.1% during the 1st 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 during the period. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Brunswick Stock Down 2.0%

Brunswick stock traded down $1.37 during mid-day trading on Tuesday, reaching $68.77. The stock had a trading volume of 351,341 shares, compared to its average volume of 815,450. 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 capitalization of $4.46 billion, a PE ratio of -52.50 and a beta of 1.34. Brunswick Corporation has a fifty-two week low of $58.56 and a fifty-two week high of $90.25. The stock's 50-day simple moving average is $78.47 and its 200-day simple moving average is $78.43.

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, topping analysts' consensus estimates of $1.19 by $0.37. The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.52 billion. Brunswick had a negative net margin of 1.53% and a positive return on equity of 15.28%. The company's revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the firm earned $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. On average, sell-side analysts forecast that Brunswick Corporation will post 4.55 EPS for the current fiscal year.

Brunswick Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Thursday, August 20th will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Thursday, August 20th. Brunswick's dividend payout ratio (DPR) is -134.35%.

Analyst Ratings Changes

Several analysts recently weighed in on BC shares. Truist Financial raised 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. Weiss Ratings reiterated a "sell (d+)" rating on shares of Brunswick in a report on Wednesday, June 24th. DA Davidson reiterated a "neutral" rating and issued a $76.00 price target on shares of Brunswick in a research report on Monday, August 17th. Robert W. Baird set a $92.00 target price on shares of Brunswick in a research report on Friday, July 31st. Finally, Morgan Stanley increased their price target on Brunswick from $82.00 to $86.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 19th. One equities research 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 assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus 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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