Canada Pension Plan Investment Board Makes New Investment in Brunswick Corporation $BC

Canada Pension Plan Investment Board bought a new position in Brunswick Corporation (NYSE:BC) in the second quarter, Holdings Channel.com reports. The firm bought 477,335 shares of the company’s stock, valued at approximately $40,211,000.

A number of other hedge funds also recently made changes to their positions in BC. Summit Securities Group LLC bought a new position in Brunswick in the 1st quarter valued at approximately $27,000. Farther Finance Advisors LLC grew its stake in shares of Brunswick by 72.3% during the fourth quarter. Farther Finance Advisors LLC now owns 379 shares of the company’s stock worth $28,000 after buying an additional 159 shares during the last quarter. Millstone Evans Group LLC bought a new stake in shares of Brunswick during the first quarter worth $29,000. Quarry LP increased its holdings 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 buying an additional 122 shares in the last quarter. Finally, Larson Financial Group LLC increased its holdings in shares of Brunswick by 705.4% during the third quarter. Larson Financial Group LLC now owns 596 shares of the company’s stock worth $38,000 after buying an additional 522 shares in the last quarter. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BC has been the topic of several recent research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Brunswick in a report on Wednesday, June 24th. Robert W. Baird set a $92.00 target price on Brunswick in a report on Friday, July 31st. Morgan Stanley increased their target price on Brunswick from $82.00 to $86.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 19th. Truist Financial lifted their price target on Brunswick from $93.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, July 6th. Finally, DA Davidson reissued a “neutral” rating and set a $76.00 price target on shares of Brunswick in a research note on Monday, August 17th. 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $88.00.

Brunswick Price Performance

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

Brunswick (NYSE:BC) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.56 EPS for the quarter, beating 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 business had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter in the prior year, the firm posted $0.90 earnings per share. The business’s quarterly revenue 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, sell-side analysts forecast that Brunswick Corporation will post 4.55 EPS for the current year.

Brunswick Dividend Announcement

The firm 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 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 payout ratio is currently -134.35%.

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.