Brunswick Corporation $BC Shares Bought by Engineers Gate Manager LP

Engineers Gate Manager LP boosted its holdings in shares of Brunswick Corporation (NYSE:BC) by 50.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,859 shares of the company’s stock after buying an additional 7,317 shares during the quarter. Engineers Gate Manager LP’s holdings in Brunswick were worth $1,841,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of BC. First Horizon Corp raised its holdings in shares of Brunswick by 27.9% during the first quarter. First Horizon Corp now owns 701 shares of the company’s stock worth $51,000 after purchasing an additional 153 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in Brunswick by 5.1% in the second quarter. Baird Financial Group Inc. now owns 3,564 shares of the company’s stock valued at $300,000 after purchasing an additional 172 shares during the last quarter. GAMMA Investing LLC grew its position in Brunswick by 4.1% during the 2nd quarter. GAMMA Investing LLC now owns 4,942 shares of the company’s stock worth $416,000 after purchasing an additional 194 shares during the period. Daiwa Securities Group Inc. grew its position in Brunswick by 1.1% during the 4th quarter. Daiwa Securities Group Inc. now owns 22,810 shares of the company’s stock worth $1,693,000 after purchasing an additional 255 shares during the period. Finally, Waverly Advisors LLC raised its stake in shares of Brunswick by 8.9% during the 1st quarter. Waverly Advisors LLC now owns 3,184 shares of the company’s stock valued at $232,000 after buying an additional 260 shares during the last quarter. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on BC shares. DA Davidson reissued a “neutral” rating and issued a $76.00 price objective on shares of Brunswick in a report on Monday, August 17th. Morgan Stanley raised their target price on Brunswick from $82.00 to $86.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 19th. William Blair set a $94.00 price target on Brunswick in a research report on Thursday, August 13th. Truist Financial boosted their price target on Brunswick from $93.00 to $94.00 and gave the company a “buy” rating in a report on Monday, July 6th. Finally, Robert W. Baird set a $92.00 price objective on Brunswick in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, six have issued 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, the stock has an average rating of “Moderate Buy” and an average price target of $88.00.

Brunswick Trading Down 2.0%

Shares of Brunswick stock opened at $68.72 on Wednesday. The firm has a 50-day simple moving average of $78.29 and a two-hundred day simple moving average of $78.34. The company has a market cap of $4.45 billion, a P/E ratio of -52.46 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 company has a debt-to-equity ratio of 1.08, a quick ratio of 0.65 and a current ratio of 1.45.

Brunswick (NYSE:BC) last posted its earnings results on Thursday, July 30th. The company reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $1.52 billion. During the same period in the prior year, the company posted $0.90 EPS. The company’s revenue for the quarter 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. As a group, equities analysts predict that Brunswick Corporation will post 4.55 earnings per share for the current fiscal year.

Brunswick Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Thursday, August 20th were given a dividend of $0.44 per share. The ex-dividend date was Thursday, August 20th. This represents a $1.76 dividend on an annualized basis and a yield of 2.6%. Brunswick’s dividend payout ratio is currently -134.35%.

Brunswick Company Profile

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.