Briggs & Stratton Co. (NYSE:BGG) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “Briggs & Stratton Corp. is one of the world’s largest producers of air cooled gasoline engines for outdoor power equipment. The company designs, manufactures, markets and services these products for original equipment manufacturers worldwide. These engines are primarily aluminum alloy gasoline engines. “

Several other equities analysts also recently commented on BGG. BidaskClub downgraded Briggs & Stratton Co. from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. ValuEngine upgraded Briggs & Stratton Co. from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Finally, Raymond James Financial, Inc. restated an “underperform” rating on shares of Briggs & Stratton Co. in a research report on Tuesday. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $25.50.

Briggs & Stratton Co. (NYSE BGG) traded down 6.01% during mid-day trading on Tuesday, hitting $22.98. The stock had a trading volume of 680,423 shares. The firm’s 50-day moving average price is $22.56 and its 200-day moving average price is $23.24. Briggs & Stratton Co. has a 1-year low of $17.90 and a 1-year high of $25.92. The stock has a market cap of $982.51 million, a PE ratio of 17.54 and a beta of 0.72.

Briggs & Stratton Co. (NYSE:BGG) last posted its quarterly earnings data on Wednesday, August 16th. The industrial products company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.06). Briggs & Stratton Co. had a net margin of 4.16% and a return on equity of 14.38%. The firm had revenue of $474.00 million during the quarter, compared to analysts’ expectations of $537.82 million. During the same quarter in the previous year, the company posted $0.46 EPS. Briggs & Stratton Co.’s revenue for the quarter was down 5.6% on a year-over-year basis. On average, equities analysts expect that Briggs & Stratton Co. will post $1.38 earnings per share for the current year.

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In other Briggs & Stratton Co. news, insider Todd J. Teske sold 5,830 shares of the stock in a transaction on Monday, August 28th. The stock was sold at an average price of $20.68, for a total transaction of $120,564.40. Following the sale, the insider now owns 379,417 shares in the company, valued at $7,846,343.56. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP William H. Reitman sold 7,000 shares of the stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $20.69, for a total value of $144,830.00. The disclosure for this sale can be found here. Corporate insiders own 4.20% of the company’s stock.

Several large investors have recently bought and sold shares of the business. BlackRock Inc. lifted its position in shares of Briggs & Stratton Co. by 15.8% during the second quarter. BlackRock Inc. now owns 6,559,290 shares of the industrial products company’s stock worth $158,080,000 after acquiring an additional 892,989 shares in the last quarter. LSV Asset Management lifted its position in shares of Briggs & Stratton Co. by 0.9% during the second quarter. LSV Asset Management now owns 2,177,517 shares of the industrial products company’s stock worth $52,478,000 after acquiring an additional 18,700 shares in the last quarter. State Street Corp lifted its position in shares of Briggs & Stratton Co. by 4.7% during the second quarter. State Street Corp now owns 1,189,916 shares of the industrial products company’s stock worth $28,674,000 after acquiring an additional 53,505 shares in the last quarter. Northern Trust Corp lifted its position in shares of Briggs & Stratton Co. by 8.0% during the second quarter. Northern Trust Corp now owns 898,841 shares of the industrial products company’s stock worth $21,662,000 after acquiring an additional 66,716 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of Briggs & Stratton Co. by 7.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 383,865 shares of the industrial products company’s stock worth $9,252,000 after acquiring an additional 26,004 shares in the last quarter. Hedge funds and other institutional investors own 82.87% of the company’s stock.

Briggs & Stratton Co. Company Profile

Briggs & Stratton Corporation is a producer of gasoline engines for outdoor power equipment. The Company designs, manufactures, markets, sells and services the various products for original equipment manufacturers (OEMs) around the world. It also markets and sells related service parts and accessories for its engines.

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