Great West Life Assurance Co. Can boosted its stake in shares of Briggs & Stratton Corporation (NYSE:BGG) by 3.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 61,568 shares of the industrial products company’s stock after buying an additional 2,000 shares during the period. Great West Life Assurance Co. Can owned 0.14% of Briggs & Stratton Corporation worth $1,483,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of BGG. BlackRock Inc. boosted its position 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 valued at $127,209,000 after buying an additional 5,644,629 shares in the last quarter. Bank of America Corp DE boosted its position 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 valued at $8,268,000 after buying an additional 163,210 shares in the last quarter. WBI Investments Inc. bought a new position in shares of Briggs & Stratton Corporation during the first quarter worth about $2,932,000. JPMorgan Chase & Co. boosted its position in shares of 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 period. Finally, Brandes Investment Partners LP boosted its position in shares of 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 period. Institutional investors and hedge funds own 84.15% of the company’s stock.

Shares of Briggs & Stratton Corporation (BGG) opened at 20.81 on Thursday. The stock’s 50 day moving average price is $23.11 and its 200-day moving average price is $23.00. Briggs & Stratton Corporation has a 52-week low of $17.90 and a 52-week high of $25.92. The firm has a market cap of $875.31 million, a price-to-earnings ratio of 15.89 and a beta of 0.69.

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

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

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A number of equities analysts have issued reports on the company. Zacks Investment Research upgraded Briggs & Stratton Corporation from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Friday, August 11th. BidaskClub upgraded Briggs & Stratton Corporation from a “strong sell” rating to a “sell” rating in a report on Monday, August 14th.

In other news, SVP William H. Reitman sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $20.69, for a total value of $144,830.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Todd J. Teske sold 5,830 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $20.68, for a total value of $120,564.40. Following the completion of the sale, the insider now directly owns 379,417 shares in the company, valued at $7,846,343.56. The disclosure for this sale can be found here. Insiders own 4.70% of the company’s stock.

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.

Institutional Ownership by Quarter for Briggs & Stratton Corporation (NYSE:BGG)

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