Briggs & Stratton Corp. VP Unloads $54,200 in Stock (BGG)
Briggs & Stratton Corp. (NYSE:BGG) VP David G. Debaets unloaded 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $21.68, for a total transaction of $54,200.00. Following the transaction, the vice president now directly owns 28,466 shares of the company’s stock, valued at approximately $617,143. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Briggs & Stratton Corp. (NYSE:BGG) traded up 3.38% on Thursday, hitting $22.32. The stock had a trading volume of 286,945 shares. Briggs & Stratton Corp. has a 52-week low of $18.21 and a 52-week high of $25.52. The stock’s 50-day moving average is $21.33 and its 200-day moving average is $20.08. The company’s market cap is $1.049 billion.
Briggs & Stratton Corp. (NYSE:BGG) last announced its earnings results on Thursday, January 23rd. The company reported $0.05 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.09 by $0.04. The company had revenue of $416.60 million for the quarter, compared to the consensus estimate of $439.97 million. During the same quarter in the prior year, the company posted $0.07 earnings per share. The company’s quarterly revenue was down 5.1% on a year-over-year basis. On average, analysts predict that Briggs & Stratton Corp. will post $1.08 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Wednesday, March 12th.
Briggs & Stratton Corporation (NYSE:BGG) is a producer of air cooled gasoline engines for outdoor power equipment.
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