The Manufacturers Life Insurance Company Buys Shares of 46,345 Brunswick Corporation $BC

Key Points

• The Manufacturers Life Insurance Company bought 46,345 Brunswick shares worth approximately $3.9 million, while institutional investors collectively own 99.34% of the company.
• Analysts maintain a generally positive outlook, with Brunswick receiving a consensus “Moderate Buy” rating and an average price target of $88, despite mixed individual ratings.
• Brunswick reported stronger-than-expected quarterly results, with EPS of $1.56 and revenue of $1.56 billion, up 7.7% year over year. The company also declared a quarterly dividend of $0.44 per share, representing a 2.4% yield.

The Manufacturers Life Insurance Company purchased a new stake in Brunswick Corporation (NYSE:BC - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 46,345 shares of the company's stock, valued at approximately $3,904,000. The Manufacturers Life Insurance Company owned 0.07% of Brunswick at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in BC. Trajan Wealth LLC purchased a new stake in shares of Brunswick during the 2nd quarter valued at approximately $230,000. Sanctuary Advisors LLC purchased a new position in Brunswick in the second quarter worth approximately $740,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Brunswick during the second quarter worth $825,000. Nitor Capital Management LLC acquired a new stake in Brunswick during the second quarter worth $2,140,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in Brunswick in the second quarter valued at $58,000. Institutional investors and hedge funds own 99.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BC. William Blair set a $94.00 price target on Brunswick in a research note on Thursday, August 13th. Weiss Ratings reissued a "sell (d+)" rating on shares of Brunswick in a research report on Wednesday, June 24th. Truist Financial boosted their price objective on shares of Brunswick from $93.00 to $94.00 and gave the company a "buy" rating in a report on Monday, July 6th. Morgan Stanley upped their target price on shares of Brunswick from $82.00 to $86.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 19th. Finally, Robert W. Baird set a $92.00 target price on shares of Brunswick in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $88.00.

Brunswick Trading Down 3.6%

Shares of BC stock opened at $73.20 on Wednesday. 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 stock has a market capitalization of $4.74 billion, a P/E ratio of -55.88 and a beta of 1.34. The company has a 50 day moving average price of $80.45 and a 200 day moving average price of $79.35. Brunswick Corporation has a fifty-two week low of $58.56 and a fifty-two week high of $90.25.

Brunswick (NYSE:BC - Get Free Report) last released its 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. 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 for the quarter, compared to analyst estimates of $1.52 billion. During the same period in the prior year, the business earned $0.90 EPS. The firm's quarterly 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. Equities research analysts predict that Brunswick Corporation will post 4.55 EPS for the current fiscal 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 paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Thursday, August 20th. 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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