Capstone Asset Management Co. cut its stake in shares of Briggs & Stratton Corporation (NYSE:BGG) by 5.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,269 shares of the industrial products company’s stock after selling 850 shares during the period. Capstone Asset Management Co.’s holdings in Briggs & Stratton Corporation were worth $344,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. State of Alaska Department of Revenue boosted 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 worth $106,000 after buying an additional 80 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in Briggs & Stratton Corporation by 3.9% in the first quarter. Public Employees Retirement System of Ohio now owns 6,937 shares of the industrial products company’s stock worth $156,000 after buying an additional 263 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in 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 worth $220,000 after buying an additional 180 shares in the last quarter. Mason Street Advisors LLC boosted its stake in Briggs & Stratton Corporation by 7.0% in the first quarter. Mason Street Advisors LLC now owns 10,010 shares of the industrial products company’s stock worth $225,000 after buying an additional 655 shares in the last quarter. Finally, Karp Capital Management Corp acquired a new stake in Briggs & Stratton Corporation during the first quarter worth $257,000. Institutional investors and hedge funds own 85.43% of the company’s stock.

Briggs & Stratton Corporation (NYSE BGG) traded up 1.03% during mid-day trading on Thursday, reaching $23.58. The company’s stock had a trading volume of 57,704 shares. The stock’s 50 day moving average price is $23.76 and its 200 day moving average price is $22.97. Briggs & Stratton Corporation has a 1-year low of $17.90 and a 1-year high of $25.92. The stock has a market capitalization of $1.01 billion, a P/E ratio of 24.11 and a beta of 0.69.

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A number of research firms have weighed in on BGG. Zacks Investment Research cut Briggs & Stratton Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. BidaskClub cut Briggs & Stratton Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $24.67.

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

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