Shell Asset Management Co. continued to hold its stake in shares of Briggs & Stratton Corporation (NYSE:BGG) during the second quarter, Holdings Channel reports. The institutional investor owned 26,711 shares of the industrial products company’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in Briggs & Stratton Corporation were worth $644,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Briggs & Stratton Corporation by 26,045.7% in the first quarter. BlackRock Inc. now owns 5,666,301 shares of the industrial products company’s stock valued at $127,209,000 after buying an additional 5,644,629 shares during the period. Brandes Investment Partners LP raised its stake in shares of 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 valued at $67,060,000 after buying an additional 87,079 shares during the period. LSV Asset Management raised its stake in shares of Briggs & Stratton Corporation by 0.7% in the first quarter. LSV Asset Management now owns 2,158,817 shares of the industrial products company’s stock valued at $48,465,000 after buying an additional 16,000 shares during the period. State Street Corp raised its stake in shares of Briggs & Stratton Corporation by 7.1% in the first quarter. State Street Corp now owns 1,136,411 shares of the industrial products company’s stock valued at $25,516,000 after buying an additional 75,331 shares during the period. Finally, Frontier Capital Management Co. LLC raised its stake in shares of Briggs & Stratton Corporation by 3.2% in the first quarter. Frontier Capital Management Co. LLC now owns 1,024,848 shares of the industrial products company’s stock valued at $23,008,000 after buying an additional 31,366 shares during the period. 85.43% of the stock is currently owned by institutional investors.

Shares of Briggs & Stratton Corporation (NYSE BGG) opened at 23.58 on Friday. The firm’s 50-day moving average is $23.76 and its 200-day moving average is $22.99. Briggs & Stratton Corporation has a 12-month low of $17.90 and a 12-month high of $25.92. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 24.11 and a beta of 0.69.

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BGG has been the topic of several research reports. Zacks Investment Research raised shares of Briggs & Stratton Corporation from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a report on Friday. BidaskClub lowered shares of Briggs & Stratton Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. Briggs & Stratton Corporation presently has a consensus rating of “Hold” and a consensus target price of $24.33.

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.

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

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