Briggs & Stratton Corporation (BGG) Receives Consensus Recommendation of “Hold” from Analysts
Briggs & Stratton Corporation (NYSE:BGG) has earned a consensus recommendation of “Hold” from the six analysts that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $26.50.
A number of research firms have weighed in on BGG. Zacks Investment Research upgraded Briggs & Stratton from a “hold” rating to a “strong-buy” rating and set a $28.00 target price on the stock in a research note on Monday, October 30th. ValuEngine upgraded Briggs & Stratton from a “hold” rating to a “buy” rating in a research note on Thursday, October 26th. Raymond James Financial reiterated an “underperform” rating on shares of Briggs & Stratton in a research note on Tuesday, October 17th. They noted that the move was a valuation call. Finally, BidaskClub upgraded Briggs & Stratton from a “strong sell” rating to a “sell” rating in a research note on Monday, August 14th.
In other news, VP Andrea L. Golvach sold 19,174 shares of the firm’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $25.20, for a total transaction of $483,184.80. Following the transaction, the vice president now owns 27,197 shares in the company, valued at $685,364.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP David J. Rodgers sold 18,000 shares of the firm’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $24.28, for a total value of $437,040.00. Following the transaction, the senior vice president now owns 118,383 shares in the company, valued at approximately $2,874,339.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 97,174 shares of company stock worth $2,360,825. Insiders own 4.20% of the company’s stock.
Shares of Briggs & Stratton (NYSE BGG) opened at $24.76 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.82 and a quick ratio of 0.70. Briggs & Stratton has a 52 week low of $20.00 and a 52 week high of $25.95. The firm has a market capitalization of $1,054.84, a price-to-earnings ratio of 17.96 and a beta of 0.78.
Briggs & Stratton (NYSE:BGG) last released its earnings results on Wednesday, October 25th. The industrial products company reported ($0.27) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.08. Briggs & Stratton had a return on equity of 11.38% and a net margin of 3.05%. The business had revenue of $329.10 million for the quarter, compared to analyst estimates of $295.84 million. During the same quarter last year, the firm posted ($0.34) earnings per share. The business’s revenue was up 14.7% compared to the same quarter last year. sell-side analysts expect that Briggs & Stratton will post 1.49 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Friday, December 15th will be paid a dividend of $0.14 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.56 annualized dividend and a dividend yield of 2.26%. Briggs & Stratton’s dividend payout ratio is currently 43.75%.
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About Briggs & Stratton
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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