Briggs & Stratton Corp. CEO Todd J. Teske Sells 30,000 Shares (BGG)
Briggs & Stratton Corp. (NYSE:BGG) CEO Todd J. Teske unloaded 30,000 shares of the stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $20.99, for a total transaction of $629,700.00. Following the completion of the transaction, the chief executive officer now directly owns 261,645 shares in the company, valued at approximately $5,491,929. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
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 Corp. (NYSE:BGG) traded down 1.30% on Friday, hitting $20.7175. 86,855 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 $23.61. The stock’s 50-day moving average is $21.28 and its 200-day moving average is $21.32. The company’s market cap is $968.0 million.
Briggs & Stratton Corp. (NYSE:BGG) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.82 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.89 earnings per share. The company’s quarterly revenue 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 2.29%. The ex-dividend date of this dividend is Tuesday, June 10th.
Briggs & Stratton Corporation (NYSE:BGG) is a producer of air cooled gasoline engines for outdoor power equipment.
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