Lakewood Capital Management LP Purchases New Stake in Brunswick Corporation $BC

Lakewood Capital Management LP acquired a new position in shares of Brunswick Corporation (NYSE:BC) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 460,467 shares of the company’s stock, valued at approximately $38,790,000. Brunswick accounts for 2.0% of Lakewood Capital Management LP’s portfolio, making the stock its 18th biggest holding.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new position in Brunswick in the 2nd quarter valued at about $568,461,000. Bank of New York Mellon Corp bought a new stake in shares of Brunswick during the 2nd quarter worth approximately $101,201,000. Bank of America Corp DE lifted its holdings in shares of Brunswick by 296.1% during the 1st quarter. Bank of America Corp DE now owns 872,368 shares of the company’s stock worth $63,474,000 after acquiring an additional 652,136 shares during the period. Norges Bank acquired a new stake in shares of Brunswick during the 4th quarter worth approximately $46,665,000. Finally, AQR Capital Management LLC boosted its position in shares of Brunswick by 812.7% during the 2nd quarter. AQR Capital Management LLC now owns 705,719 shares of the company’s stock worth $38,934,000 after acquiring an additional 628,393 shares in the last quarter. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BC has been the subject of several research analyst reports. Robert W. Baird set a $92.00 price objective on shares of Brunswick in a research report on Friday, July 31st. JPMorgan Chase & Co. raised their target price on Brunswick from $78.00 to $83.00 and gave the company a “neutral” rating in a report on Tuesday, April 28th. DA Davidson reiterated a “neutral” rating and issued a $76.00 price target on shares of Brunswick in a research note on Monday, August 17th. William Blair set a $94.00 price target on Brunswick in a research note on Thursday, August 13th. Finally, Morgan Stanley boosted their price target on Brunswick from $82.00 to $86.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Brunswick has a consensus rating of “Moderate Buy” and a consensus price target of $88.00.

Brunswick Price Performance

Brunswick stock opened at $81.31 on Tuesday. The stock’s 50 day moving average is $81.03 and its 200 day moving average is $79.77. Brunswick Corporation has a one year low of $58.56 and a one year high of $90.25. The firm has a market cap of $5.27 billion, a P/E ratio of -62.07 and a beta of 1.33. 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 (NYSE:BC) last released its earnings results on Thursday, July 30th. The company reported $1.56 earnings per share for the quarter, beating 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 business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the prior year, the firm posted $0.90 EPS. The company’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. As a group, research analysts expect that Brunswick Corporation will post 4.55 EPS for the current year.

Brunswick Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Thursday, August 20th will be given a dividend of $0.44 per share. 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 is -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.