Briggs & Stratton Corporation (NYSE:BGG) insider Todd J. Teske sold 5,830 shares of the firm’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $20.68, for a total value of $120,564.40. Following the transaction, the insider now owns 379,417 shares in the company, valued at $7,846,343.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Briggs & Stratton Corporation (NYSE BGG) opened at 20.94 on Friday. The company 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 $22.74 and its 200 day moving average price is $22.98. Briggs & Stratton Corporation has a 52 week low of $17.90 and a 52 week high of $25.92.

Briggs & Stratton Corporation (NYSE:BGG) last announced its quarterly earnings results on Wednesday, August 16th. The industrial products company reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by $0.06. The company had revenue of $474 million during the quarter, compared to analyst estimates of $537.82 million. Briggs & Stratton Corporation had a net margin of 3.17% and a return on equity of 11.24%. Briggs & Stratton Corporation’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.46 EPS. On average, equities research analysts anticipate that Briggs & Stratton Corporation will post $1.37 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend is Thursday, September 14th. Briggs & Stratton Corporation’s dividend payout ratio is 43.08%.

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Several equities analysts recently issued reports on BGG shares. BidaskClub cut Briggs & Stratton Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Zacks Investment Research upgraded Briggs & Stratton Corporation from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Friday, August 11th.

A number of institutional investors have recently bought and sold shares of the company. First Trust Advisors LP raised its position in Briggs & Stratton Corporation by 1.3% in the first quarter. First Trust Advisors LP now owns 68,925 shares of the industrial products company’s stock worth $1,547,000 after buying an additional 898 shares in the last quarter. Principal Financial Group Inc. raised its position in Briggs & Stratton Corporation by 0.7% in the first quarter. Principal Financial Group Inc. now owns 325,366 shares of the industrial products company’s stock worth $7,304,000 after buying an additional 2,183 shares in the last quarter. Nordea Investment Management AB raised its position in Briggs & Stratton Corporation by 17.0% in the first quarter. Nordea Investment Management AB now owns 68,209 shares of the industrial products company’s stock worth $1,531,000 after buying an additional 9,917 shares in the last quarter. Brandes Investment Partners LP raised its position in Briggs & Stratton Corporation by 3.0% in the first quarter. Brandes Investment Partners LP now owns 2,987,091 shares of the industrial products company’s stock worth $67,060,000 after buying an additional 87,079 shares in the last quarter. Finally, Stevens Capital Management LP acquired a new position in Briggs & Stratton Corporation during the first quarter worth approximately $410,000. 84.15% of the stock is currently owned by institutional investors.

About Briggs & Stratton Corporation

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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