ValuEngine Lowers Briggs & Stratton (BGG) to Sell

Briggs & Stratton (NYSE:BGG) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Wednesday.

A number of other brokerages also recently commented on BGG. Zacks Investment Research downgraded shares of Briggs & Stratton from a “hold” rating to a “sell” rating in a report on Thursday, July 26th. Northcoast Research reiterated a “buy” rating and set a $25.00 price target on shares of Briggs & Stratton in a report on Friday, August 17th. Finally, Sidoti downgraded shares of Briggs & Stratton from a “buy” rating to a “neutral” rating and set a $17.00 price target for the company. in a report on Thursday, July 19th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $24.75.

Shares of NYSE BGG opened at $19.96 on Wednesday. The stock has a market cap of $863.43 million, a PE ratio of 15.47 and a beta of 0.66. Briggs & Stratton has a 12 month low of $16.26 and a 12 month high of $27.34. The company has a quick ratio of 0.70, a current ratio of 1.77 and a debt-to-equity ratio of 0.35.

Briggs & Stratton (NYSE:BGG) last issued its quarterly earnings results on Wednesday, August 15th. The industrial products company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.06. The business had revenue of $501.69 million during the quarter, compared to the consensus estimate of $495.83 million. Briggs & Stratton had a negative net margin of 0.60% and a positive return on equity of 10.13%. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.46 earnings per share. research analysts predict that Briggs & Stratton will post 1.45 earnings per share for the current fiscal year.

In related news, insider Todd J. Teske sold 87,398 shares of the business’s stock in a transaction that occurred on Thursday, August 23rd. The shares were sold at an average price of $20.91, for a total value of $1,827,492.18. Following the completion of the sale, the insider now directly owns 453,723 shares in the company, valued at $9,487,347.93. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 6.30% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in BGG. SG Americas Securities LLC grew its holdings in Briggs & Stratton by 59.7% in the first quarter. SG Americas Securities LLC now owns 11,272 shares of the industrial products company’s stock valued at $241,000 after purchasing an additional 4,212 shares during the period. Prudential Financial Inc. grew its holdings in Briggs & Stratton by 97.0% in the first quarter. Prudential Financial Inc. now owns 204,527 shares of the industrial products company’s stock valued at $4,379,000 after purchasing an additional 100,700 shares during the period. Swiss National Bank grew its holdings in Briggs & Stratton by 5.1% in the first quarter. Swiss National Bank now owns 74,600 shares of the industrial products company’s stock valued at $1,597,000 after purchasing an additional 3,600 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in Briggs & Stratton by 4.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 433,985 shares of the industrial products company’s stock valued at $9,292,000 after purchasing an additional 18,393 shares during the period. Finally, KBC Group NV grew its holdings in Briggs & Stratton by 15.5% in the first quarter. KBC Group NV now owns 69,071 shares of the industrial products company’s stock valued at $1,479,000 after purchasing an additional 9,286 shares during the period. Hedge funds and other institutional investors own 82.47% of the company’s stock.

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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