Hsbc Holdings PLC Has $695,000 Position in Brunswick Co. (NYSE:BC)

Hsbc Holdings PLC raised its holdings in Brunswick Co. (NYSE:BC - Free Report) by 248.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,735 shares of the company's stock after buying an additional 7,654 shares during the period. Hsbc Holdings PLC's holdings in Brunswick were worth $695,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Pacer Advisors Inc. boosted its stake in shares of Brunswick by 2.0% during the 4th quarter. Pacer Advisors Inc. now owns 9,861 shares of the company's stock worth $638,000 after acquiring an additional 190 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Brunswick by 5.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,883 shares of the company's stock worth $316,000 after acquiring an additional 236 shares in the last quarter. Xponance Inc. boosted its stake in shares of Brunswick by 4.9% during the 4th quarter. Xponance Inc. now owns 7,617 shares of the company's stock worth $493,000 after acquiring an additional 359 shares in the last quarter. Hunter Associates Investment Management LLC boosted its stake in shares of Brunswick by 2.5% during the 4th quarter. Hunter Associates Investment Management LLC now owns 18,127 shares of the company's stock worth $1,170,000 after acquiring an additional 447 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in shares of Brunswick by 11.8% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 5,431 shares of the company's stock worth $351,000 after acquiring an additional 572 shares in the last quarter. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Brunswick Stock Up 0.0%

NYSE:BC traded up $0.01 during mid-day trading on Friday, reaching $48.09. The stock had a trading volume of 733,673 shares, compared to its average volume of 776,994. The company has a market capitalization of $3.16 billion, a price-to-earnings ratio of 25.31 and a beta of 1.28. Brunswick Co. has a 1-year low of $41.00 and a 1-year high of $87.65. The stock's 50 day simple moving average is $50.28 and its two-hundred day simple moving average is $63.97. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.65 and a quick ratio of 0.63.

Brunswick (NYSE:BC - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.25 by $0.31. Brunswick had a net margin of 2.48% and a return on equity of 15.41%. The firm had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.14 billion. During the same quarter last year, the company posted $1.35 earnings per share. Brunswick's revenue was down 10.5% on a year-over-year basis. Equities analysts anticipate that Brunswick Co. will post 4.19 EPS for the current year.

Brunswick Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, May 19th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.72 dividend on an annualized basis and a yield of 3.58%. Brunswick's dividend payout ratio is currently 142.15%.

Analyst Ratings Changes

BC has been the subject of several research reports. Baird R W downgraded Brunswick from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Stifel Nicolaus cut their price objective on Brunswick from $95.00 to $86.00 and set a "buy" rating for the company in a research report on Wednesday, January 15th. Truist Financial cut their price target on Brunswick from $85.00 to $60.00 and set a "buy" rating for the company in a report on Monday, April 14th. BMO Capital Markets cut their price target on Brunswick from $75.00 to $65.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Finally, Roth Mkm cut their price target on Brunswick from $91.00 to $85.00 and set a "buy" rating for the company in a report on Friday, January 24th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $71.00.

Insiders Place Their Bets

In other Brunswick news, SVP Randall S. Altman sold 3,417 shares of Brunswick stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $63.21, for a total value of $215,988.57. Following the transaction, the senior vice president now owns 26,683 shares in the company, valued at approximately $1,686,632.43. The trade was a 11.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.81% of the stock is currently owned by corporate insiders.

About Brunswick

Brunswick Corporation designs, manufactures, and markets recreation products in the United States, Europe, the Asia-Pacific, Canada, and internationally. It operates through four segments: Propulsion, Engine P&A, Navico Group, and Boat. The Propulsion segment provides outboard, sterndrive, inboard engines, propulsion-related controls, rigging, and propellers for boat builders through marine retail dealers under the Mercury, Mercury MerCruiser, Mariner, Mercury Racing, Mercury Diesel, Avator, and Fliteboard brands.