Briggs & Stratton Corp. VP Sells $114,880 in Stock (BGG)
Briggs & Stratton Corp. (NYSE:BGG) VP Robert F. Heath sold 5,574 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $20.61, for a total transaction of $114,880.14. Following the completion of the sale, the vice president now directly owns 22,898 shares of the company’s stock, valued at approximately $471,928. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Briggs & Stratton Corp. (NYSE:BGG) traded down 0.83% during mid-day trading on Monday, hitting $20.43. 328,290 shares of the company’s stock traded hands. Briggs & Stratton Corp. has a 1-year low of $18.18 and a 1-year high of $23.02. The stock’s 50-day moving average is $19.4 and its 200-day moving average is $20.92. The company has a market cap of $936.0 million and a P/E ratio of 34.92.
Briggs & Stratton Corp. (NYSE:BGG) last issued its quarterly 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 2.45%. The ex-dividend date of this dividend is Monday, September 15th. This is a boost 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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