Briggs & Stratton (NYSE:BGG) was upgraded by research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a report issued on Friday.

Several other research firms have also weighed in on BGG. Northcoast Research reiterated a “buy” rating and set a $25.00 price objective on shares of Briggs & Stratton in a research note on Friday, August 17th. Zacks Investment Research upgraded shares of Briggs & Stratton from a “sell” rating to a “hold” rating in a research note on Tuesday, September 25th. Finally, Sidoti lowered shares of Briggs & Stratton from a “buy” rating to a “neutral” rating and set a $17.00 price objective on the stock. in a research note on Thursday, July 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. Briggs & Stratton presently has a consensus rating of “Hold” and an average price target of $20.75.

Shares of Briggs & Stratton stock opened at $15.98 on Friday. The stock has a market capitalization of $642.19 million, a PE ratio of 12.39 and a beta of 1.05. The company has a current ratio of 1.39, a quick ratio of 0.44 and a debt-to-equity ratio of 0.39. Briggs & Stratton has a 1 year low of $13.33 and a 1 year high of $27.34.

Briggs & Stratton (NYSE:BGG) last issued its earnings results on Thursday, October 25th. The industrial products company reported ($0.51) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.47) by ($0.04). The company had revenue of $279.00 million during the quarter, compared to analyst estimates of $297.80 million. Briggs & Stratton had a negative net margin of 2.04% and a positive return on equity of 8.46%. Sell-side analysts forecast that Briggs & Stratton will post 1.46 earnings per share for the current year.

In other news, Director Frank M. Jaehnert purchased 5,000 shares of the company’s stock in a transaction on Tuesday, October 30th. The shares were bought at an average price of $13.73 per share, for a total transaction of $68,650.00. Following the completion of the purchase, the director now owns 15,000 shares of the company’s stock, valued at $205,950. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Todd J. Teske sold 87,398 shares of the firm’s stock in a transaction that occurred on Thursday, August 23rd. The shares were sold at an average price of $20.91, for a total transaction of $1,827,492.18. Following the completion of the sale, the insider now owns 453,723 shares in the company, valued at approximately $9,487,347.93. The disclosure for this sale can be found here. 6.30% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in BGG. Whittier Trust Co. increased its stake in shares of Briggs & Stratton by 11,438.5% in the second quarter. Whittier Trust Co. now owns 6,000 shares of the industrial products company’s stock valued at $123,000 after purchasing an additional 5,948 shares during the period. Piedmont Investment Advisors LLC acquired a new stake in shares of Briggs & Stratton in the second quarter valued at approximately $175,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Briggs & Stratton in the third quarter valued at approximately $195,000. Commonwealth Equity Services LLC acquired a new stake in shares of Briggs & Stratton in the second quarter valued at approximately $257,000. Finally, Bank of Montreal Can acquired a new stake in shares of Briggs & Stratton in the second quarter valued at approximately $271,000. Institutional investors own 82.38% of the company’s stock.

Briggs & Stratton Company Profile

Briggs & Stratton Corporation designs, manufactures, markets, sells, and services gasoline engines for outdoor power equipment to the original equipment manufacturers in the United States. It operates in two segments, Engines and Products. The Engines segment offers four-cycle aluminum alloy gasoline engines that are used primarily by the lawn and garden equipment industry.

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Analyst Recommendations for Briggs & Stratton (NYSE:BGG)

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