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

The Manufacturers Life Insurance Company purchased a new stake in Brunswick Corporation (NYSE:BC) 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) 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.