Today, 241 Shares of Briggs & Stratton Corp. (BGG) are sold by Quantbot Technologies LP

Today, 241 Shares of Briggs & Stratton Corp. (BGG) are sold by Quantbot Technologies LP
Quantbot Technologies LP lowered its stake in shares of Briggs & Stratton Corp. (NYSE:BGG) by 2.5% during the third quarter, Holdings Channel reports. The fund owned 9,587 shares of the company’s stock after selling 241 shares during the period. Quantbot Technologies LP’s holdings in Briggs & Stratton Corp. were worth $178,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. PineBridge Investments L.P. increased its position in shares of Briggs & Stratton Corp. by 5.8% in the second quarter. PineBridge Investments L.P. now owns 5,497 shares of the company’s stock valued at $117,000 after buying an additional 300 shares during the period. Teacher Retirement System of Texas increased its position in shares of Briggs & Stratton Corp. by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 6,171 shares of the company’s stock valued at $131,000 after buying an additional 749 shares during the period. Contravisory Investment Management Inc. purchased a new position in shares of Briggs & Stratton Corp. during the second quarter valued at about $142,000. Hussman Strategic Advisors Inc. purchased a new position in shares of Briggs & Stratton Corp. during the second quarter valued at about $159,000. Finally, Mason Street Advisors LLC purchased a new position in shares of Briggs & Stratton Corp. during the second quarter valued at about $179,000. Hedge funds and other institutional investors own 91.29% of the company’s stock.

Briggs & Stratton Corp. (NYSE:BGG) traded up 0.28% during midday trading on Thursday, reaching $21.13. 177,089 shares of the company traded hands. The company has a 50-day moving average price of $19.34 and a 200-day moving average price of $20.38. Briggs & Stratton Corp. has a 12-month low of $15.47 and a 12-month high of $24.48. The company has a market cap of $904.53 million, a price-to-earnings ratio of 30.53 and a beta of 0.74.

Briggs & Stratton Corp. (NYSE:BGG) last posted its quarterly earnings data on Wednesday, October 26th. The company reported ($0.34) earnings per share for the quarter, beating the consensus estimate of ($0.40) by $0.06. Briggs & Stratton Corp. had a return on equity of 10.94% and a net margin of 1.69%. The company earned $286.80 million during the quarter, compared to analysts’ expectations of $276.96 million. During the same period in the prior year, the business earned ($0.35) earnings per share. Briggs & Stratton Corp.’s revenue for the quarter was down .9% compared to the same quarter last year. On average, analysts predict that Briggs & Stratton Corp. will post $1.38 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 3rd. Investors of record on Friday, December 16th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.65%. Briggs & Stratton Corp.’s payout ratio is 83.58%.

BGG has been the subject of several analyst reports. Zacks Investment Research raised shares of Briggs & Stratton Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, August 2nd. TheStreet downgraded shares of Briggs & Stratton Corp. from a “buy” rating to a “hold” rating in a report on Friday, September 9th. Finally, Robert W. Baird reissued a “neutral” rating and set a $22.00 price target on shares of Briggs & Stratton Corp. in a report on Wednesday, August 17th. Five analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and a consensus target price of $22.67.

In related news, Chairman Todd J. Teske sold 75,000 shares of the company’s stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $20.52, for a total value of $1,539,000.00. Following the completion of the transaction, the chairman now directly owns 399,382 shares in the company, valued at $8,195,318.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP William H. Reitman sold 15,300 shares of the company’s stock in a transaction on Thursday, October 27th. The shares were sold at an average price of $19.84, for a total value of $303,552.00. Following the completion of the transaction, the senior vice president now owns 82,505 shares of the company’s stock, valued at $1,636,899.20. The disclosure for this sale can be found here. 4.70% of the stock is owned by corporate insiders.

Briggs & Stratton Corp. Company 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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