Rachele Marie Lehr Acquires 6,000 Shares of Briggs & Stratton Co. (NYSE:BGG) Stock

Briggs & Stratton Co. (NYSE:BGG) VP Rachele Marie Lehr purchased 6,000 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were acquired at an average price of $4.35 per share, for a total transaction of $26,100.00. Following the acquisition, the vice president now directly owns 45,570 shares in the company, valued at approximately $198,229.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Briggs & Stratton stock traded up $0.16 during midday trading on Friday, reaching $5.49. 1,813,054 shares of the company’s stock traded hands, compared to its average volume of 1,154,328. The company has a market cap of $224.16 million, a price-to-earnings ratio of -17.16 and a beta of 1.23. The company’s 50 day simple moving average is $7.07 and its 200 day simple moving average is $10.39. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.45 and a current ratio of 1.32. Briggs & Stratton Co. has a 52 week low of $3.96 and a 52 week high of $21.11.

Briggs & Stratton (NYSE:BGG) last released its quarterly earnings results on Thursday, August 15th. The industrial products company reported ($0.36) earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.82). The business had revenue of $471.95 million for the quarter, compared to the consensus estimate of $519.87 million. Briggs & Stratton had a negative net margin of 2.95% and a negative return on equity of 2.61%. The firm’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.47 EPS. As a group, equities research analysts predict that Briggs & Stratton Co. will post 0.2 earnings per share for the current year.

A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. grew its stake in Briggs & Stratton by 1.3% in the 2nd quarter. BlackRock Inc. now owns 6,527,781 shares of the industrial products company’s stock valued at $66,844,000 after buying an additional 85,670 shares during the last quarter. Brandes Investment Partners LP grew its position in Briggs & Stratton by 21.6% in the 1st quarter. Brandes Investment Partners LP now owns 4,465,929 shares of the industrial products company’s stock worth $52,832,000 after purchasing an additional 793,235 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Briggs & Stratton by 8.7% during the 2nd quarter. Vanguard Group Inc. now owns 4,396,640 shares of the industrial products company’s stock valued at $45,021,000 after acquiring an additional 352,274 shares in the last quarter. Northern Trust Corp boosted its position in shares of Briggs & Stratton by 1.5% during the 2nd quarter. Northern Trust Corp now owns 872,746 shares of the industrial products company’s stock valued at $8,937,000 after acquiring an additional 12,657 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Briggs & Stratton by 3.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 806,094 shares of the industrial products company’s stock valued at $8,255,000 after acquiring an additional 25,523 shares in the last quarter. Institutional investors and hedge funds own 83.99% of the company’s stock.

A number of research analysts have recently weighed in on BGG shares. ValuEngine upgraded shares of Briggs & Stratton from a “buy” rating to a “strong-buy” rating in a report on Thursday. TheStreet downgraded shares of Briggs & Stratton from a “c-” rating to a “d” rating in a report on Thursday, August 15th. Finally, Zacks Investment Research downgraded shares of Briggs & Stratton from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Briggs & Stratton has a consensus rating of “Hold” and a consensus price target of $17.50.

About Briggs & Stratton

Briggs & Stratton Corporation designs, manufactures, markets, sells, and services gasoline engines for outdoor power equipment to the original equipment manufacturers in the United States. It operates in two segments, Engines and Products. The Engines segment offers four-cycle aluminum alloy gasoline engines that are used primarily by the lawn and garden equipment industry.

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