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

Briggs & Stratton Corporation (BGG) traded up 0.62% during midday trading on Thursday, reaching $20.94. 93,252 shares of the company traded hands. Briggs & Stratton Corporation has a 12 month low of $17.90 and a 12 month high of $25.92. The firm has a market capitalization of $880.78 million, a PE ratio of 15.98 and a beta of 0.69. The company’s 50-day moving average price is $23.11 and its 200 day moving average price is $23.00.

Briggs & Stratton Corporation (NYSE:BGG) last issued its earnings results 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. Briggs & Stratton Corporation had a return on equity of 11.24% and a net margin of 3.17%. The company had revenue of $474 million during the quarter, compared to analyst estimates of $537.82 million. During the same period in the prior year, the business earned $0.46 earnings per share. Briggs & Stratton Corporation’s quarterly revenue was down 5.6% on a year-over-year basis. On average, equities analysts anticipate 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. Shareholders of record on Friday, September 15th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend is Thursday, September 14th. Briggs & Stratton Corporation’s dividend payout ratio is presently 43.08%.

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A number of large investors have recently modified their holdings of BGG. State of Tennessee Treasury Department raised its stake in shares of Briggs & Stratton Corporation by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 41,975 shares of the industrial products company’s stock valued at $942,000 after buying an additional 6,335 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Briggs & Stratton Corporation by 4.4% in the first quarter. Ameriprise Financial Inc. now owns 227,888 shares of the industrial products company’s stock valued at $5,116,000 after buying an additional 9,572 shares in the last quarter. TD Asset Management Inc. raised its stake in shares of Briggs & Stratton Corporation by 7.2% in the first quarter. TD Asset Management Inc. now owns 12,825 shares of the industrial products company’s stock valued at $288,000 after buying an additional 856 shares in the last quarter. Karp Capital Management Corp bought a new stake in shares of Briggs & Stratton Corporation during the first quarter valued at $257,000. Finally, UBS Asset Management Americas Inc. raised its stake in shares of Briggs & Stratton Corporation by 87.3% in the first quarter. UBS Asset Management Americas Inc. now owns 21,907 shares of the industrial products company’s stock valued at $492,000 after buying an additional 10,209 shares in the last quarter. 84.15% of the stock is currently owned by hedge funds and other institutional investors.

BGG has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Briggs & Stratton Corporation from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Friday, August 11th. BidaskClub cut shares of Briggs & Stratton Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 3rd.

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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