Legal & General Group Plc Makes New $7.87 Million Investment in Brunswick Corporation $BC

Legal & General Group Plc acquired a new stake in Brunswick Corporation (NYSE:BC) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 93,426 shares of the company’s stock, valued at approximately $7,870,000. Legal & General Group Plc owned about 0.14% of Brunswick as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of BC. BlackRock Inc. bought a new position in shares of Brunswick in the second quarter valued at approximately $568,461,000. Bank of New York Mellon Corp bought a new stake in Brunswick during the second quarter worth $101,201,000. Bank of America Corp DE lifted its holdings in Brunswick by 296.1% during the first 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 purchased a new position in Brunswick in the fourth quarter worth $46,665,000. Finally, AQR Capital Management LLC grew its stake in Brunswick by 812.7% in the 2nd quarter. AQR Capital Management LLC now owns 705,719 shares of the company’s stock valued at $38,934,000 after purchasing an additional 628,393 shares during the period. Institutional investors own 99.34% of the company’s stock.

Brunswick Stock Down 3.6%

Shares of NYSE BC opened at $73.20 on Wednesday. Brunswick Corporation has a 52 week low of $58.56 and a 52 week high of $90.25. The business has a 50-day simple moving average of $80.45 and a two-hundred day simple moving average of $79.35. The company has a quick ratio of 0.65, a current ratio of 1.45 and a debt-to-equity ratio of 1.08. The company has a market cap of $4.74 billion, a P/E ratio of -55.88 and a beta of 1.34.

Brunswick (NYSE:BC) last posted 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 positive return on equity of 15.28% and a negative net margin of 1.53%.The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the previous year, the firm earned $0.90 EPS. The company’s quarterly revenue 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. Research analysts anticipate that Brunswick Corporation will post 4.55 earnings per share 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 2.4%. The ex-dividend date of this dividend is Thursday, August 20th. Brunswick’s dividend payout ratio is -134.35%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Truist Financial boosted their price target on shares of Brunswick from $93.00 to $94.00 and gave the stock a “buy” rating in a report on Monday, July 6th. Robert W. Baird set a $92.00 price objective on shares of Brunswick in a research report on Friday, July 31st. Weiss Ratings reiterated a “sell (d+)” rating on shares of Brunswick in a research note on Wednesday, June 24th. Morgan Stanley increased 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, William Blair set a $94.00 price target on shares of Brunswick in a research note on Thursday, August 13th. One research 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.00.

Brunswick Company 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.