Briggs & Stratton Corp. VP Sells $477,175 in Stock (BGG)
Briggs & Stratton Corp. (NYSE:BGG) VP Robert F. Heath unloaded 22,766 shares of the stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $20.96, for a total value of $477,175.36. Following the transaction, the vice president now directly owns 14,532 shares in the company, valued at approximately $304,591. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Briggs & Stratton Corp. (NYSE:BGG) traded down 0.33% on Wednesday, hitting $21.01. 380,098 shares of the company’s stock traded hands. Briggs & Stratton Corp. has a 52 week low of $18.21 and a 52 week high of $23.65. The stock’s 50-day moving average is $21.33 and its 200-day moving average is $21.32. The company’s market cap is $981.7 million.
Briggs & Stratton Corp. (NYSE:BGG) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by $0.06. The company had revenue of $628.40 million for the quarter, compared to the consensus estimate of $636.80 million. During the same quarter in the previous year, the company posted $0.89 earnings per share. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. Analysts expect that Briggs & Stratton Corp. will post $0.92 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, June 27th. Stockholders of record on Thursday, June 12th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend is Tuesday, June 10th.
Separately, analysts at Zacks downgraded shares of Briggs & Stratton Corp. from a “neutral” rating to an “underperform” rating in a research note on Monday, April 28th. They now have a $20.90 price target on the stock.
Briggs & Stratton Corporation (NYSE:BGG) is a producer of air cooled gasoline engines for outdoor power equipment.
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