Brunswick Corporation $BC Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its holdings in shares of Brunswick Corporation (NYSE:BC) by 32.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 90,649 shares of the company’s stock after purchasing an additional 22,098 shares during the period. Hsbc Holdings PLC’s holdings in Brunswick were worth $7,591,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of BC. Empowered Funds LLC acquired a new position in Brunswick in the 2nd quarter valued at $2,019,000. United Capital Financial Advisors LLC acquired a new stake in Brunswick in the second quarter valued at $295,000. Public Employees Retirement System of Ohio purchased a new position in Brunswick during the 2nd quarter valued at about $1,552,000. Capstone Investment Advisors LLC purchased a new position in shares of Brunswick during the 2nd quarter worth approximately $769,000. Finally, Corient Private Wealth LP purchased a new position in Brunswick during the second quarter worth $1,063,000. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on BC shares. Robert W. Baird set a $92.00 price objective on shares of Brunswick in a research report on Friday, July 31st. 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 price target on shares of Brunswick from $82.00 to $86.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 19th. Truist Financial lifted 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. Finally, William Blair set a $94.00 price objective on shares of Brunswick in a research note on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $88.00.

Brunswick Stock Down 1.3%

Shares of NYSE:BC opened at $70.99 on Thursday. The stock has a 50-day simple moving average of $79.00 and a 200-day simple moving average of $78.75. The stock has a market capitalization of $4.60 billion, a P/E ratio of -54.19 and a beta of 1.34. 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 quick ratio of 0.65 and a current ratio of 1.45.

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

Brunswick Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Thursday, August 20th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 2.5%. The ex-dividend date is Thursday, August 20th. Brunswick’s dividend payout ratio is currently -134.35%.

About Brunswick

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.