Briggs & Stratton Corporation (NYSE:BGG) insider Todd J. Teske sold 5,830 shares of the business’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $20.68, for a total transaction of $120,564.40. Following the completion of the transaction, the insider now owns 379,417 shares of the company’s stock, valued at approximately $7,846,343.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Briggs & Stratton Corporation (NYSE BGG) opened at 20.72 on Wednesday. The firm has a market cap of $871.52 million, a P/E ratio of 15.82 and a beta of 0.69. Briggs & Stratton Corporation has a 52 week low of $17.90 and a 52 week high of $25.92. The company’s 50 day moving average is $23.11 and its 200-day moving average is $23.00.

Briggs & Stratton Corporation (NYSE:BGG) last released its earnings results on Wednesday, August 16th. The industrial products company reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by $0.06. The company had revenue of $474 million for the quarter, compared to analyst estimates of $537.82 million. Briggs & Stratton Corporation had a net margin of 3.17% and a return on equity of 11.24%. Briggs & Stratton Corporation’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.46 earnings per share. Equities analysts expect that Briggs & Stratton Corporation will post $1.37 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend is Thursday, September 14th. Briggs & Stratton Corporation’s payout ratio is currently 43.08%.

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Several research firms have commented on BGG. Zacks Investment Research downgraded shares of Briggs & Stratton Corporation from a “hold” rating to a “strong sell” rating in a research note on Tuesday. BidaskClub upgraded shares of Briggs & Stratton Corporation from a “strong sell” rating to a “sell” rating in a research note on Monday, August 14th.

A number of institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue boosted its position in Briggs & Stratton Corporation by 1.7% in the first quarter. State of Alaska Department of Revenue now owns 4,750 shares of the industrial products company’s stock valued at $106,000 after buying an additional 80 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its position in Briggs & Stratton Corporation by 1.9% in the first quarter. Municipal Employees Retirement System of Michigan now owns 9,780 shares of the industrial products company’s stock valued at $220,000 after buying an additional 180 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in Briggs & Stratton Corporation by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 17,400 shares of the industrial products company’s stock valued at $391,000 after buying an additional 200 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Briggs & Stratton Corporation by 0.4% in the first quarter. PNC Financial Services Group Inc. now owns 49,530 shares of the industrial products company’s stock valued at $1,111,000 after buying an additional 205 shares during the last quarter. Finally, Texas Permanent School Fund boosted its position in Briggs & Stratton Corporation by 0.8% in the second quarter. Texas Permanent School Fund now owns 31,232 shares of the industrial products company’s stock valued at $753,000 after buying an additional 239 shares during the last quarter. Hedge funds and other institutional investors own 84.15% of the company’s stock.

Briggs & Stratton Corporation Company Profile

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.

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

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