Man Group plc Purchases New Holdings in Brunswick Corporation $BC

Man Group plc acquired a new stake in shares of Brunswick Corporation (NYSE:BC) in the 2nd quarter, HoldingsChannel reports. The firm acquired 130,437 shares of the company’s stock, valued at approximately $10,988,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Summit Securities Group LLC purchased a new position in shares of Brunswick in the 1st quarter valued at approximately $27,000. Farther Finance Advisors LLC increased its holdings in shares of Brunswick by 72.3% in the fourth quarter. Farther Finance Advisors LLC now owns 379 shares of the company’s stock valued at $28,000 after purchasing an additional 159 shares during the period. Millstone Evans Group LLC purchased a new stake in shares of Brunswick during the first quarter worth approximately $29,000. Quarry LP raised its stake in shares of Brunswick by 38.4% during the fourth quarter. Quarry LP now owns 440 shares of the company’s stock worth $33,000 after purchasing an additional 122 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Brunswick during the second quarter worth $47,000. 99.34% of the stock is owned by institutional investors and hedge funds.

Brunswick Stock Down 1.3%

BC opened at $76.60 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.45 and a quick ratio of 0.65. The business has a 50 day simple moving average of $80.72 and a 200-day simple moving average of $79.57. The stock has a market capitalization of $4.96 billion, a P/E ratio of -58.47 and a beta of 1.33. Brunswick Corporation has a 12 month low of $58.56 and a 12 month high of $90.25.

Brunswick (NYSE:BC) last posted its quarterly 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 firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the previous year, the business earned $0.90 earnings per share. The company’s revenue for the quarter 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. On average, equities analysts anticipate that Brunswick Corporation will post 4.55 earnings per share for the current fiscal year.

Brunswick Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Thursday, August 20th will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.3%. Brunswick’s dividend payout ratio is -134.35%.

Analysts Set New Price Targets

A number of research firms recently weighed in on BC. William Blair set a $94.00 price objective on shares of Brunswick in a research report on Thursday, August 13th. Morgan Stanley upped their price objective on shares of Brunswick from $82.00 to $86.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 19th. Truist Financial raised their target price on shares of Brunswick from $93.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, July 6th. DA Davidson reaffirmed a “neutral” rating and issued a $76.00 target price on shares of Brunswick in a report on Monday, August 17th. Finally, Robert W. Baird set a $92.00 target price on shares of Brunswick in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Brunswick 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.