Legal & General Group Plc Lowers Holdings in Brunswick Corporation $BC

Legal & General Group Plc decreased its stake in shares of Brunswick Corporation (NYSE:BC) by 20.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 105,713 shares of the company’s stock after selling 27,059 shares during the quarter. Legal & General Group Plc’s holdings in Brunswick were worth $7,848,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in BC. American Century Companies Inc. raised its stake in Brunswick by 56.4% during the third quarter. American Century Companies Inc. now owns 2,302,918 shares of the company’s stock valued at $145,637,000 after buying an additional 830,451 shares during the last quarter. AQR Capital Management LLC raised its stake in Brunswick by 812.7% during the second quarter. AQR Capital Management LLC now owns 705,719 shares of the company’s stock valued at $38,934,000 after buying an additional 628,393 shares during the last quarter. Marshall Wace LLP raised its stake in Brunswick by 62.4% during the third quarter. Marshall Wace LLP now owns 1,471,536 shares of the company’s stock valued at $93,060,000 after buying an additional 565,459 shares during the last quarter. Interval Partners LP raised its stake in Brunswick by 268.6% during the third quarter. Interval Partners LP now owns 521,401 shares of the company’s stock valued at $32,973,000 after buying an additional 379,937 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in Brunswick by 59.8% during the third quarter. Franklin Resources Inc. now owns 917,649 shares of the company’s stock valued at $58,032,000 after buying an additional 343,297 shares during the last quarter. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BC. Weiss Ratings reiterated a “sell (d+)” rating on shares of Brunswick in a research note on Friday, March 27th. Morgan Stanley lifted 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. Wall Street Zen lowered Brunswick from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Texas Capital raised Brunswick from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 10th. Finally, Truist Financial lifted their target price on Brunswick from $92.00 to $93.00 and gave the stock a “buy” rating in a report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $87.00.

Brunswick Stock Performance

Shares of BC opened at $80.37 on Friday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.38 and a quick ratio of 0.62. Brunswick Corporation has a one year low of $54.19 and a one year high of $90.25. The firm has a market capitalization of $5.22 billion, a P/E ratio of -38.27 and a beta of 1.33. The business has a fifty day moving average of $78.59 and a 200 day moving average of $77.93.

Brunswick (NYSE:BC) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.46 by $0.24. Brunswick had a positive return on equity of 13.30% and a negative net margin of 2.47%.The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the previous year, the company posted $0.56 earnings per share. Brunswick’s revenue was up 12.8% compared to the same quarter last year. Brunswick has set its FY 2026 guidance at 4.000-4.50 EPS and its Q2 2026 guidance at 1.100-1.20 EPS. As a group, sell-side analysts anticipate that Brunswick Corporation will post 4.29 EPS for the current year.

Brunswick Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, May 18th will be issued a $0.44 dividend. The ex-dividend date of this dividend is Monday, May 18th. This represents a $1.76 annualized dividend and a dividend yield of 2.2%. Brunswick’s payout ratio is presently -83.81%.

Insider Activity at Brunswick

In related news, CEO David M. Foulkes sold 25,853 shares of Brunswick stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $83.12, for a total value of $2,148,901.36. Following the completion of the sale, the chief executive officer owned 267,528 shares of the company’s stock, valued at $22,236,927.36. The trade was a 8.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.99% of the stock is owned by insiders.

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.