Hsbc Holdings PLC Makes New $7.59 Million Investment in Brunswick Corporation $BC

Hsbc Holdings PLC acquired a new position in Brunswick Corporation (NYSE:BC) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 90,649 shares of the company’s stock, valued at approximately $7,591,000. Hsbc Holdings PLC owned about 0.14% of Brunswick as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in BC. EFG International AG bought a new position in shares of Brunswick during the 2nd quarter valued at $943,000. Canada Pension Plan Investment Board purchased a new position in Brunswick in the 2nd quarter worth $40,211,000. Castleark Management LLC bought a new stake in Brunswick in the second quarter worth $4,778,000. Lakewood Capital Management LP bought a new stake in Brunswick in the second quarter worth $38,790,000. Finally, Legal & General Group Plc purchased a new stake in Brunswick during the second quarter valued at about $7,870,000. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Brunswick Price Performance

Shares of Brunswick stock opened at $76.60 on Friday. The company’s fifty day simple moving average is $80.72 and its two-hundred day simple moving average is $79.57. Brunswick Corporation has a 12-month low of $58.56 and a 12-month high of $90.25. The firm has a market cap of $4.96 billion, a PE ratio of -58.47 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 (NYSE:BC) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.19 by $0.37. The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.52 billion. Brunswick had a negative net margin of 1.53% and a positive return on equity of 15.28%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $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. As a group, equities analysts expect 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. Shareholders of record on Thursday, August 20th will be issued a $0.44 dividend. The ex-dividend date is Thursday, August 20th. This represents a $1.76 annualized dividend and a yield of 2.3%. Brunswick’s dividend payout ratio (DPR) is -134.35%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BC. Morgan Stanley raised their price objective on Brunswick from $82.00 to $86.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 19th. William Blair set a $94.00 target price on Brunswick in a research note on Thursday, August 13th. Robert W. Baird set a $92.00 target price on Brunswick in a report on Friday, July 31st. Weiss Ratings restated a “sell (d+)” rating on shares of Brunswick in a research report on Wednesday, June 24th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $76.00 price target on shares of Brunswick in a research note on Monday, August 17th. 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 company. According to MarketBeat.com, the stock presently has a consensus 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.