ValuEngine upgraded shares of Briggs & Stratton (NYSE:BGG) from a strong sell rating to a sell rating in a report issued on Tuesday morning, ValuEngine reports.

BGG has been the subject of several other research reports. Zacks Investment Research cut Briggs & Stratton from a buy rating to a hold rating in a research note on Monday, December 31st. Robert W. Baird set a $14.00 price target on Briggs & Stratton and gave the company a hold rating in a research note on Friday, January 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $17.50.

Shares of BGG stock opened at $14.10 on Tuesday. The stock has a market capitalization of $593.68 million, a PE ratio of 10.93 and a beta of 0.88. The company has a quick ratio of 0.47, a current ratio of 1.31 and a debt-to-equity ratio of 0.39. Briggs & Stratton has a 1-year low of $11.34 and a 1-year high of $21.40.

Briggs & Stratton (NYSE:BGG) last issued its quarterly earnings results on Wednesday, January 23rd. The industrial products company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.05). The company had revenue of $505.50 million during the quarter, compared to analyst estimates of $461.71 million. Briggs & Stratton had a negative net margin of 1.24% and a positive return on equity of 8.12%. The company’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.25 EPS. As a group, research analysts predict that Briggs & Stratton will post 1.03 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Tuesday, March 19th were paid a dividend of $0.14 per share. The ex-dividend date was Monday, March 18th. This represents a $0.56 annualized dividend and a yield of 3.97%. Briggs & Stratton’s dividend payout ratio is currently 43.41%.

In other Briggs & Stratton news, Director Frank M. Jaehnert bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, January 28th. The stock was acquired at an average price of $12.04 per share, with a total value of $120,400.00. Following the completion of the purchase, the director now directly owns 25,000 shares of the company’s stock, valued at approximately $301,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 6.30% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Piedmont Investment Advisors Inc. acquired a new stake in Briggs & Stratton during the fourth quarter worth approximately $132,000. Municipal Employees Retirement System of Michigan acquired a new stake in Briggs & Stratton during the fourth quarter worth approximately $158,000. Metropolitan Life Insurance Co. NY grew its stake in Briggs & Stratton by 336.5% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 14,426 shares of the industrial products company’s stock worth $189,000 after purchasing an additional 11,121 shares during the period. PNC Financial Services Group Inc. grew its stake in Briggs & Stratton by 10.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 14,833 shares of the industrial products company’s stock worth $194,000 after purchasing an additional 1,458 shares during the period. Finally, RBF Capital LLC acquired a new stake in Briggs & Stratton during the fourth quarter worth approximately $204,000. 87.56% of the stock is owned by institutional investors and hedge funds.

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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