BidaskClub downgraded shares of Briggs & Stratton Corporation (NYSE:BGG) from a hold rating to a sell rating in a report issued on Thursday morning.

Separately, Zacks Investment Research downgraded shares of Briggs & Stratton Corporation from a buy rating to a hold rating in a report on Wednesday, April 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $24.67.

Briggs & Stratton Corporation (NYSE:BGG) opened at 23.47 on Thursday. Briggs & Stratton Corporation has a one year low of $17.90 and a one year high of $25.92. The stock has a market cap of $1.00 billion, a P/E ratio of 24.00 and a beta of 0.70. The stock has a 50 day moving average of $24.03 and a 200-day moving average of $22.89.

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In related news, SVP William H. Reitman sold 17,350 shares of the company’s stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $24.92, for a total value of $432,362.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.70% of the company’s stock.

A number of large investors have recently bought and sold shares of BGG. State of Alaska Department of Revenue increased its stake 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 stake in shares of 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 period. Louisiana State Employees Retirement System boosted its stake in shares of 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 period. PNC Financial Services Group Inc. boosted its stake in shares of 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 period. Finally, Texas Permanent School Fund boosted its stake in shares of 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 period. 85.12% of the stock is owned by institutional investors and hedge funds.

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.

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