Hedge Funds Love These 5 Undervalued Mid-Cap Stocks

3. Brunswick Corporation (NYSE:BC)

Number of Hedge Fund Holders: 42   

PE Ratio: 10.70 

Brunswick Corporation (NYSE:BC) makes and sells recreation products. The firm has a stellar dividend history stretching back more than three decades. Over the past decade, the company has consistently increased the dividend payouts. On February 17, it declared a quarterly dividend of $0.365 per share, an increase of around 9% from the previous dividend of $0.335 per share. The forward yield was 1.49%. As interest rates rise, these dividend payments offer investors some relief from increased market volatility.

On March 18, Citi analyst James Hardiman kept a Buy rating on Brunswick Corporation (NYSE:BC) stock and raised the price target to $123 from $118, noting that the boat segment expectations were raised given “the company’s opportunity to grow capacity in conjunction with significant pricing power”. 

At the end of the fourth quarter of 2021, 42 hedge funds in the database of Insider Monkey held stakes worth $1.2 billion in Brunswick Corporation (NYSE:BC), up from 39 in the previous quarter worth $1 billion.