Briggs & Stratton Corp. (NYSE:BGG) Chairman Todd J. Teske sold 75,000 shares of the business’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $20.52, for a total transaction of $1,539,000.00. Following the completion of the transaction, the chairman now directly owns 399,382 shares of the company’s stock, valued at approximately $8,195,318.64. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Briggs & Stratton Corp. (NYSE:BGG) traded up 0.14% during mid-day trading on Thursday, reaching $20.90. 128,657 shares of the company were exchanged. The stock’s 50-day moving average is $19.04 and its 200-day moving average is $20.40. The company has a market cap of $894.69 million, a P/E ratio of 30.20 and a beta of 0.74. Briggs & Stratton Corp. has a 12 month low of $15.47 and a 12 month high of $24.48.

Briggs & Stratton Corp. (NYSE:BGG) last released its quarterly earnings results on Wednesday, October 26th. The company reported ($0.34) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.40) by $0.06. Briggs & Stratton Corp. had a return on equity of 10.94% and a net margin of 1.69%. The business earned $286.80 million during the quarter, compared to analyst estimates of $276.96 million. During the same quarter last year, the company posted ($0.35) EPS. Briggs & Stratton Corp.’s revenue for the quarter was down .9% on a year-over-year basis. Equities analysts expect that Briggs & Stratton Corp. will post $1.38 earnings per share for the current year.

Insider Buying and Selling by Quarter for Briggs & Stratton Corp. (NYSE:BGG)

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 3rd. Investors of record on Friday, December 16th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.68%. Briggs & Stratton Corp.’s dividend payout ratio (DPR) is 83.58%.

Institutional investors have recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System raised its position in Briggs & Stratton Corp. by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 19,200 shares of the company’s stock worth $407,000 after buying an additional 100 shares during the period. Municipal Employees Retirement System of Michigan raised its stake in shares of Briggs & Stratton Corp. by 1.0% in the third quarter. Municipal Employees Retirement System of Michigan now owns 16,470 shares of the company’s stock worth $307,000 after buying an additional 160 shares during the last quarter. PineBridge Investments L.P. raised its stake in shares of Briggs & Stratton Corp. by 5.8% in the second quarter. PineBridge Investments L.P. now owns 5,497 shares of the company’s stock worth $117,000 after buying an additional 300 shares during the last quarter. Suntrust Banks Inc. raised its stake in shares of Briggs & Stratton Corp. by 2.0% in the second quarter. Suntrust Banks Inc. now owns 19,751 shares of the company’s stock worth $417,000 after buying an additional 393 shares during the last quarter. Finally, Arizona State Retirement System raised its stake in shares of Briggs & Stratton Corp. by 1.8% in the second quarter. Arizona State Retirement System now owns 22,533 shares of the company’s stock worth $477,000 after buying an additional 400 shares during the last quarter. Institutional investors and hedge funds own 93.18% of the company’s stock.

A number of research firms have recently commented on BGG. TheStreet downgraded shares of Briggs & Stratton Corp. from a “buy” rating to a “hold” rating in a research note on Friday, September 9th. Zacks Investment Research raised shares of Briggs & Stratton Corp. from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 19th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $22.00 price objective on shares of Briggs & Stratton Corp. in a research note on Wednesday, August 17th. Five research analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and an average target price of $22.67.

About Briggs & Stratton Corp.

Briggs & Stratton Corporation is a producer of gasoline engines for outdoor power equipment. The Company designs, manufactures, markets, sells and services the various products for original equipment manufacturers (OEMs) around the world. It also markets and sells related service parts and accessories for its engines.

5 Day Chart for NYSE:BGG

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