Briggs & Stratton Co. CFO David J. Rodgers Unloads 21,810 Shares (BGG)
Briggs & Stratton Co. (NYSE:BGG) CFO David J. Rodgers unloaded 21,810 shares of the stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $19.91, for a total transaction of $434,237.10. Following the sale, the chief financial officer now directly owns 64,687 shares in the company, valued at approximately $1,287,918. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Briggs & Stratton Co. (NYSE:BGG) traded up 0.50% on Wednesday, hitting $20.13. 93,875 shares of the company’s stock traded hands. Briggs & Stratton Co. has a 52-week low of $18.18 and a 52-week high of $23.02. The stock has a 50-day moving average of $19.50 and a 200-day moving average of $20.87. The company has a market cap of $922.1 million and a P/E ratio of 33.95.
Briggs & Stratton Co. (NYSE:BGG) last issued its quarterly earnings data on Thursday, August 14th. The company reported $0.31 EPS for the quarter, missing the Thomson Reuters 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 Co. will post $1.12 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Investors of record on Wednesday, September 17th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.50%. The ex-dividend date is Monday, September 15th. This is an increase from Briggs & Stratton Co.’s previous quarterly dividend of $0.12.
A number of research firms have recently commented on BGG. Analysts at Off Wall Street reiterated a “sell” rating on shares of Briggs & Stratton Co. in a research note on Friday, August 15th. Analysts at Zacks downgraded shares of Briggs & Stratton Co. 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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