Hsbc Holdings PLC Purchases New Shares in Brunswick Corporation $BC

Hsbc Holdings PLC acquired a new stake in shares of Brunswick Corporation (NYSE:BC) during the second quarter, HoldingsChannel reports. The fund acquired 90,649 shares of the company’s stock, valued at approximately $7,591,000.

Several other institutional investors and hedge funds have also recently modified their holdings of BC. Summit Securities Group LLC purchased a new position in shares of Brunswick during the first quarter valued at about $27,000. Farther Finance Advisors LLC boosted its position in Brunswick by 72.3% during the 4th quarter. Farther Finance Advisors LLC now owns 379 shares of the company’s stock valued at $28,000 after acquiring an additional 159 shares in the last quarter. Millstone Evans Group LLC purchased a new position in shares of Brunswick during the 1st quarter worth approximately $29,000. Quarry LP grew its holdings in shares of Brunswick by 38.4% during the 4th quarter. Quarry LP now owns 440 shares of the company’s stock worth $33,000 after acquiring an additional 122 shares during the period. Finally, Quantbot Technologies LP bought a new position in shares of Brunswick in the 2nd quarter worth approximately $47,000. 99.34% of the stock is owned by hedge funds and other institutional investors.

Brunswick Price Performance

Shares of NYSE BC opened at $76.60 on Friday. The company has a 50 day simple moving average of $80.72 and a two-hundred day simple moving average of $79.57. Brunswick Corporation has a fifty-two week low of $58.56 and a fifty-two week high of $90.25. 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 company has a debt-to-equity ratio of 1.08, a quick ratio of 0.65 and a current ratio of 1.45.

Brunswick (NYSE:BC) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.37. The firm had revenue of $1.56 billion for 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%.The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm 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. Analysts expect that Brunswick Corporation will post 4.55 EPS for the current fiscal year.

Brunswick Dividend Announcement

The business 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 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, August 20th. Brunswick’s payout ratio is -134.35%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BC. Truist Financial raised their target price on Brunswick from $93.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, July 6th. William Blair set a $94.00 price target on Brunswick in a research note on Thursday, August 13th. Robert W. Baird set a $92.00 price objective on Brunswick in a report on Friday, July 31st. Weiss Ratings reissued a “sell (d+)” rating on shares of Brunswick in a research report on Wednesday, June 24th. Finally, Morgan Stanley boosted their target price on shares of Brunswick from $82.00 to $86.00 and gave the company an “equal weight” rating in a report on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.