Hsbc Holdings PLC increased its position in shares of Brunswick Corporation (NYSE:BC – Free Report) by 90.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,551 shares of the company’s stock after purchasing an additional 32,572 shares during the quarter. Hsbc Holdings PLC’s holdings in Brunswick were worth $4,962,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Summit Securities Group LLC acquired a new stake in shares of Brunswick in the first quarter valued at $27,000. Farther Finance Advisors LLC lifted its position in Brunswick by 72.3% during the 4th quarter. Farther Finance Advisors LLC now owns 379 shares of the company’s stock worth $28,000 after buying an additional 159 shares in the last quarter. Millstone Evans Group LLC acquired a new position in Brunswick during the 1st quarter worth about $29,000. V Square Quantitative Management LLC bought a new stake in Brunswick during the 4th quarter worth about $30,000. Finally, Quarry LP grew its holdings in 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 last quarter. 99.34% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several analysts have recently commented on the stock. Truist Financial increased their price target on shares of Brunswick from $93.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, July 6th. Wall Street Zen cut shares of Brunswick from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. DA Davidson reaffirmed a “neutral” rating and set a $76.00 price objective on shares of Brunswick in a report on Monday, May 18th. JPMorgan Chase & Co. increased their price objective on Brunswick from $78.00 to $83.00 and gave the company a “neutral” rating in a research report on Tuesday, April 28th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Brunswick in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $87.07.
Insider Transactions at Brunswick
In related news, CEO David M. Foulkes sold 25,853 shares of Brunswick stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $83.12, for a total transaction of $2,148,901.36. Following the completion of the transaction, the chief executive officer owned 267,528 shares in the company, valued at approximately $22,236,927.36. This trade represents a 8.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.99% of the company’s stock.
Brunswick Stock Performance
BC stock opened at $79.91 on Friday. The business’s 50-day moving average price is $80.98 and its two-hundred day moving average price is $80.41. The company has a current ratio of 1.38, a quick ratio of 0.62 and a debt-to-equity ratio of 1.13. The firm has a market cap of $5.19 billion, a PE ratio of -38.05 and a beta of 1.33. Brunswick Corporation has a 1-year low of $55.60 and a 1-year high of $90.25.
Brunswick (NYSE:BC – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.24. The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.32 billion. Brunswick had a negative net margin of 2.47% and a positive return on equity of 13.30%. The firm’s revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.56 earnings per share. Brunswick has set its FY 2026 guidance at 4.000-4.50 EPS and its Q2 2026 guidance at 1.100-1.20 EPS. As a group, research analysts forecast that Brunswick Corporation will post 4.31 earnings per share for the current year.
Brunswick Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Thursday, August 20th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, August 20th. Brunswick’s dividend payout ratio is -83.81%.
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.
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