Briggs & Stratton Corporation (NYSE:BGG) SVP William H. Reitman sold 7,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $20.69, for a total value of $144,830.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of Briggs & Stratton Corporation (NYSE BGG) traded up 0.43% on Wednesday, hitting $20.81. The stock had a trading volume of 268,055 shares. Briggs & Stratton Corporation has a 1-year low of $17.90 and a 1-year high of $25.92. The firm’s 50-day moving average is $23.11 and its 200 day moving average is $23.00. The stock has a market cap of $875.31 million, a P/E ratio of 15.89 and a beta of 0.69.

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

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be given a $0.14 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.69%. Briggs & Stratton Corporation’s payout ratio is 43.08%.

TRADEMARK VIOLATION WARNING: This piece of content was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece of content on another website, it was illegally copied and reposted in violation of international trademark & copyright laws. The original version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/08/30/insider-selling-briggs-stratton-corporation-bgg-svp-sells-7000-shares-of-stock.html.

Several large investors have recently added to or reduced their stakes in BGG. BlackRock Inc. increased its stake in Briggs & Stratton Corporation by 26,045.7% in the first quarter. BlackRock Inc. now owns 5,666,301 shares of the industrial products company’s stock worth $127,209,000 after buying an additional 5,644,629 shares during the last quarter. Bank of America Corp DE increased its stake in Briggs & Stratton Corporation by 79.6% in the first quarter. Bank of America Corp DE now owns 368,281 shares of the industrial products company’s stock worth $8,268,000 after buying an additional 163,210 shares during the last quarter. WBI Investments Inc. acquired a new stake in Briggs & Stratton Corporation during the first quarter worth $2,932,000. JPMorgan Chase & Co. increased its stake in Briggs & Stratton Corporation by 13.8% in the first quarter. JPMorgan Chase & Co. now owns 1,017,069 shares of the industrial products company’s stock worth $22,833,000 after buying an additional 123,093 shares during the last quarter. Finally, Brandes Investment Partners LP increased its stake in Briggs & Stratton Corporation by 3.0% in the first quarter. Brandes Investment Partners LP now owns 2,987,091 shares of the industrial products company’s stock worth $67,060,000 after buying an additional 87,079 shares during the last quarter. Institutional investors own 84.15% of the company’s stock.

A number of brokerages have weighed in on BGG. Zacks Investment Research lowered Briggs & Stratton Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, August 17th. BidaskClub lowered Briggs & Stratton Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 3rd.

About Briggs & Stratton Corporation

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)

Receive News & Stock Ratings for Briggs & Stratton Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Briggs & Stratton Corporation and related stocks with our FREE daily email newsletter.