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Briggs & Stratton Corp. (NYSE:BGG) VP William H. Reitman sold 10,803 shares of the stock on the open market in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $20.93, for a total value of $226,106.79. Following the completion of the transaction, the vice president now directly owns 57,680 shares of the company’s stock, valued at approximately $1,207,242. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Briggs & Stratton Corp. (NYSE:BGG) traded down 0.24% during mid-day trading on Thursday, hitting $20.75. The stock had a trading volume of 283,088 shares. Briggs & Stratton Corp. has a one year low of $18.18 and a one year high of $23.02. The stock has a 50-day moving average of $19.4 and a 200-day moving average of $20.92. The company has a market cap of $950.6 million and a P/E ratio of 35.25.

Briggs & Stratton Corp. (NYSE:BGG) last released its earnings data on Thursday, August 14th. The company reported $0.31 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.36 by $0.05. The company had revenue of $496.80 million for the quarter, compared to the consensus estimate of $495.93 million. On average, analysts predict that Briggs & Stratton Corp. will post $1.12 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 1st. Shareholders of record on Wednesday, September 17th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend is Monday, September 15th. This is a positive change from Briggs & Stratton Corp.’s previous quarterly dividend of $0.12.

A number of analysts have recently weighed in on BGG shares. Analysts at Off Wall Street reiterated a “sell” rating on shares of Briggs & Stratton Corp. in a research note on Friday, August 15th. Analysts at Zacks downgraded shares of Briggs & Stratton Corp. from a “neutral” rating to an “underperform” rating in a research note on Thursday, July 24th. They now have a $18.10 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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