Capstone Investment Advisors LLC Makes New Investment in Brunswick Corporation $BC

Capstone Investment Advisors LLC purchased a new position in shares of Brunswick Corporation (NYSE:BC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,126 shares of the company’s stock, valued at approximately $769,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Brunswick in the 2nd quarter valued at $568,461,000. Bank of New York Mellon Corp bought a new position in Brunswick during the second quarter worth about $101,201,000. Bank of America Corp DE grew its stake in Brunswick by 296.1% in the first quarter. Bank of America Corp DE now owns 872,368 shares of the company’s stock valued at $63,474,000 after acquiring an additional 652,136 shares during the period. Norges Bank bought a new stake in shares of Brunswick in the fourth quarter worth about $46,665,000. Finally, AQR Capital Management LLC increased its holdings in shares of Brunswick by 812.7% in the second quarter. AQR Capital Management LLC now owns 705,719 shares of the company’s stock worth $38,934,000 after acquiring an additional 628,393 shares in the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

Brunswick Stock Performance

BC opened at $76.60 on Friday. The company has a market capitalization of $4.96 billion, a price-to-earnings ratio of -58.47 and a beta of 1.33. The business’s 50-day moving average price is $80.72 and its two-hundred day moving average price is $79.57. Brunswick Corporation has a 1 year low of $58.56 and a 1 year high of $90.25. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.45 and a quick ratio of 0.65.

Brunswick (NYSE:BC) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.37. The company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.52 billion. Brunswick had a positive return on equity of 15.28% and a negative net margin of 1.53%.Brunswick’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.90 earnings per share. 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 analysts expect that Brunswick Corporation will post 4.55 EPS for the current fiscal year.

Brunswick Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Thursday, August 20th will be given 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 yield of 2.3%. Brunswick’s dividend payout ratio is -134.35%.

Analyst Upgrades and Downgrades

BC has been the topic of several recent analyst reports. DA Davidson reiterated a “neutral” rating and set a $76.00 price objective on shares of Brunswick in a report on Monday, August 17th. Morgan Stanley increased their target price on Brunswick from $82.00 to $86.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 19th. William Blair set a $94.00 target price on shares of Brunswick in a report on Thursday, August 13th. Robert W. Baird set a $92.00 price target on shares of Brunswick in a research note on Friday, July 31st. Finally, Truist Financial upped their price target on shares of Brunswick from $93.00 to $94.00 and gave the company a “buy” rating in a report on Monday, July 6th. 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, Brunswick has a consensus rating of “Moderate Buy” and an average price target of $88.00.

Brunswick 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.