Canada Pension Plan Investment Board Purchases New Position in Brunswick Corporation $BC

Canada Pension Plan Investment Board purchased a new stake in Brunswick Corporation (NYSE:BC) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 477,335 shares of the company’s stock, valued at approximately $40,211,000. Canada Pension Plan Investment Board owned 0.74% of Brunswick as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. acquired 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 position in shares of Brunswick during the second quarter worth approximately $101,201,000. Bank of America Corp DE lifted its holdings in 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 purchasing an additional 652,136 shares during the last quarter. Norges Bank acquired a new stake in Brunswick during the 4th quarter worth approximately $46,665,000. Finally, AQR Capital Management LLC boosted 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. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Brunswick Price Performance

Shares of NYSE:BC opened at $77.70 on Friday. The firm has a 50 day moving average of $80.85 and a 200-day moving average of $79.59. Brunswick Corporation has a 12 month low of $58.56 and a 12 month high of $90.25. The company has a current ratio of 1.45, a quick ratio of 0.65 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $5.03 billion, a PE ratio of -59.31 and a beta of 1.33.

Brunswick (NYSE:BC) last posted its quarterly 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. The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.52 billion. Brunswick had a negative net margin of 1.53% and a positive return on equity of 15.28%. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the business posted $0.90 EPS. Brunswick has set its Q3 2026 guidance at 1.200-1.400 EPS and its FY 2026 guidance at 4.350-4.750 EPS. On average, equities research analysts predict that Brunswick Corporation will post 4.55 EPS for the current fiscal year.

Brunswick Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Thursday, August 20th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, August 20th. Brunswick’s dividend payout ratio (DPR) is currently -134.35%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on BC shares. Morgan Stanley upped their price objective on Brunswick from $82.00 to $86.00 and gave the company an “equal weight” rating in a report on Tuesday, May 19th. William Blair set a $94.00 target price on Brunswick in a report on Thursday, August 13th. Robert W. Baird set a $92.00 target price on shares of Brunswick in a research report on Friday, July 31st. Weiss Ratings restated a “sell (d+)” rating on shares of Brunswick in a research note on Wednesday, June 24th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $76.00 price target on shares of Brunswick in a research report on Monday, August 17th. One equities research 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $88.00.

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.