Frontier Capital Management Co. LLC grew its holdings in Briggs & Stratton Corporation (NYSE:BGG) by 2.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,046,450 shares of the industrial products company’s stock after purchasing an additional 22,438 shares during the quarter. Frontier Capital Management Co. LLC owned 2.45% of Briggs & Stratton Corporation worth $24,592,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Crossmark Global Holdings Inc. purchased a new position in shares of Briggs & Stratton Corporation in the third quarter valued at approximately $339,000. First Trust Advisors LP boosted its stake in shares of Briggs & Stratton Corporation by 66.3% in the third quarter. First Trust Advisors LP now owns 84,552 shares of the industrial products company’s stock valued at $1,987,000 after purchasing an additional 33,718 shares during the period. Strs Ohio purchased a new position in shares of Briggs & Stratton Corporation in the third quarter valued at approximately $883,000. Public Employees Retirement System of Ohio boosted its stake in shares of Briggs & Stratton Corporation by 4.2% in the second quarter. Public Employees Retirement System of Ohio now owns 7,230 shares of the industrial products company’s stock valued at $174,000 after purchasing an additional 293 shares during the period. Finally, Piedmont Investment Advisors LLC purchased a new position in shares of Briggs & Stratton Corporation in the second quarter valued at approximately $223,000. 83.06% of the stock is owned by institutional investors and hedge funds.

Shares of Briggs & Stratton Corporation (BGG) opened at $24.85 on Tuesday. The firm has a market cap of $1,060.00, a P/E ratio of 17.97 and a beta of 0.79. Briggs & Stratton Corporation has a 1-year low of $18.53 and a 1-year high of $25.95. The company has a quick ratio of 0.70, a current ratio of 1.82 and a debt-to-equity ratio of 0.41.

Briggs & Stratton Corporation (NYSE:BGG) last issued its quarterly earnings results on Wednesday, October 25th. The industrial products company reported ($0.27) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.35) by $0.08. Briggs & Stratton Corporation had a return on equity of 11.38% and a net margin of 3.05%. The firm had revenue of $329.10 million for the quarter, compared to analysts’ expectations of $295.84 million. During the same quarter last year, the business posted ($0.34) EPS. Briggs & Stratton Corporation’s revenue was up 14.7% on a year-over-year basis. equities analysts forecast that Briggs & Stratton Corporation will post 1.49 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Friday, December 15th will be paid a dividend of $0.14 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.56 annualized dividend and a yield of 2.25%. Briggs & Stratton Corporation’s dividend payout ratio (DPR) is presently 43.75%.

BGG has been the topic of several analyst reports. ValuEngine raised shares of Briggs & Stratton Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. BidaskClub raised shares of Briggs & Stratton Corporation from a “strong sell” rating to a “sell” rating in a report on Monday, August 14th. Zacks Investment Research raised shares of 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. Finally, Raymond James Financial, Inc. reaffirmed an “underperform” rating on shares of Briggs & Stratton Corporation in a report on Tuesday, October 17th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $26.50.

In other news, insider Todd J. Teske sold 5,830 shares of Briggs & Stratton Corporation stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $20.68, for a total transaction of $120,564.40. Following the completion of the sale, the insider now directly owns 379,417 shares in the company, valued at approximately $7,846,343.56. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Andrea L. Golvach sold 19,174 shares of Briggs & Stratton Corporation stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $25.20, for a total value of $483,184.80. Following the sale, the vice president now owns 27,197 shares of the company’s stock, valued at $685,364.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,004 shares of company stock worth $748,579. Company insiders own 4.20% of the company’s stock.

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Briggs & Stratton Corporation 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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