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

Key Points

• HSBC Holdings acquired 90,649 Brunswick shares worth approximately $7.59 million in the second quarter, representing about 0.14% of the company. Institutional investors collectively own 99.34% of Brunswick.
• Brunswick reported quarterly EPS of $1.56, exceeding the $1.19 consensus estimate, while revenue reached $1.56 billion and rose 7.7% year over year. The company issued full-year 2026 EPS guidance of $4.35–$4.75.
• Shares opened at $76.60, below the analyst consensus price target of $88.00. Brunswick also declared a quarterly dividend of $0.44 per share, equivalent to a 2.3% annualized yield.

Hsbc Holdings PLC acquired a new position in Brunswick Corporation (NYSE:BC - Free Report) 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 - Get Free Report) 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.