Brunswick Corporation $BC Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its stake in shares of Brunswick Corporation (NYSE:BC) by 32.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 90,649 shares of the company’s stock after purchasing an additional 22,098 shares during the quarter. Hsbc Holdings PLC owned approximately 0.14% of Brunswick worth $7,591,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in shares of Brunswick during the second quarter worth about $568,461,000. Dimensional Fund Advisors LP increased its stake in shares of Brunswick by 2.9% during the first quarter. Dimensional Fund Advisors LP now owns 2,931,104 shares of the company’s stock worth $213,253,000 after buying an additional 82,689 shares during the period. Marshall Wace LLP raised its holdings in Brunswick by 30.6% in the fourth quarter. Marshall Wace LLP now owns 1,921,479 shares of the company’s stock valued at $142,651,000 after acquiring an additional 449,943 shares in the last quarter. Alliancebernstein L.P. raised its holdings in Brunswick by 23.2% in the second quarter. Alliancebernstein L.P. now owns 1,420,922 shares of the company’s stock valued at $78,492,000 after acquiring an additional 267,479 shares in the last quarter. Finally, Channing Capital Management LLC lifted its stake in Brunswick by 5.3% in the fourth quarter. Channing Capital Management LLC now owns 1,244,528 shares of the company’s stock worth $92,394,000 after acquiring an additional 62,202 shares during the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

Brunswick Stock Down 1.3%

BC stock opened at $70.99 on Thursday. The stock has a market cap of $4.60 billion, a P/E ratio of -54.19 and a beta of 1.34. The company has a current ratio of 1.45, a quick ratio of 0.65 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 company’s 50 day moving average is $79.00 and its two-hundred day moving average is $78.75.

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

Brunswick Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Thursday, August 20th will be issued a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $1.76 annualized dividend and a dividend yield of 2.5%. Brunswick’s dividend payout ratio (DPR) is presently -134.35%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Morgan Stanley increased their price objective 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. DA Davidson reaffirmed a “neutral” rating and set a $76.00 price objective on shares of Brunswick in a research report on Monday, August 17th. Truist Financial boosted 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. Robert W. Baird set a $92.00 target price on Brunswick in a report on Friday, July 31st. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Brunswick in a research note on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $88.00.

Brunswick Company 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.