November 23, 2016 - By whatsonthorold
David Debaets, an insider and also VP-Global Engine Operations of the large company Briggs & Stratton Corp made transaction. He made a sale of 7,500 shares of the corporation with the cashout having a value near $155,625 U.S Dollars – based on an average weighted cost of $20.8 per share. This significant sale was executed on November 22, 2016 and is accessible for free on the SEC’s website. Currently, Mr. David, possess 20,312 shares, which accounts for 0.05% of the company’s market capitalization.
Out of 2 analysts covering Briggs & Stratton Corporation (NYSE:BGG), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Briggs & Stratton Corporation has been the topic of 2 analyst reports since April 15, 2016 according to StockzIntelligence Inc. Robert W. Baird downgraded the stock to “Neutral” rating in Friday, April 15 report. As per Wednesday, June 1, the company rating was downgraded by Raymond James.
Insitutional Activity: The institutional sentiment increased to 0.93 in Q2 2016. Its up 0.18, from 0.75 in 2016Q1. The ratio improved, as 32 funds sold all Briggs & Stratton Corporation shares owned while 67 reduced positions. 18 funds bought stakes while 56 increased positions. They now own 39.53 million shares or 2.38% less from 40.50 million shares in 2016Q1.
Pinebridge Ltd Partnership holds 0.01% or 5,497 shares in its portfolio. Diam Co accumulated 17,089 shares or 0.01% of the stock. Brandes Invest Prtnrs L P holds 2.72M shares or 0.88% of its portfolio. Bridgeway Mngmt holds 0.09% or 283,750 shares in its portfolio. Price T Rowe Md has invested 0% of its portfolio in Briggs & Stratton Corporation (NYSE:BGG). Cubist Systematic Strategies Ltd Limited Liability Company, a Connecticut-based fund reported 13,387 shares. Zurcher Kantonalbank (Zurich Cantonalbank) reported 1,157 shares or 0% of all its holdings. Blackrock Fund Advsr holds 2.80M shares or 0.01% of its portfolio. Moreover, Capital Ww Investors has 0% invested in Briggs & Stratton Corporation (NYSE:BGG) for 500,000 shares. The Maryland-based Hussman Strategic Advsrs has invested 0.02% in Briggs & Stratton Corporation (NYSE:BGG). Oppenheimer Comm last reported 0.04% of its portfolio in the stock. Blackrock Inv Mgmt Limited Liability has 196,663 shares for 0.01% of their US portfolio. The Massachusetts-based Frontier Cap Mngmt Ltd Liability Corporation has invested 0.15% in Briggs & Stratton Corporation (NYSE:BGG). Fca Tx accumulated 10,000 shares or 0.11% of the stock. State Board Of Administration Of Florida Retirement Systems last reported 0.01% of its portfolio in the stock.
Insider Transactions: Since May 24, 2016, the stock had 0 insider purchases, and 2 selling transactions for $395,152 net activity. TESKE TODD J also sold $662,670 worth of Briggs & Stratton Corporation (NYSE:BGG) on Thursday, May 26. $140,360 worth of Briggs & Stratton Corporation (NYSE:BGG) shares were sold by DEBAETS DAVID G. 4,000 shares were sold by REITMAN WILLIAM H, worth $91,600 on Friday, August 5.
About 69,158 shares traded hands. Briggs & Stratton Corporation (NYSE:BGG) has declined 8.55% since April 21, 2016 and is downtrending. It has underperformed by 13.88% the S&P500.
Briggs & Stratton Corporation is a producer of gasoline engines for outdoor power equipment. The company has a market cap of $908.89 million. The Firm designs, makes, markets, sells and services the various products for original equipment manufacturers around the world. It has a 30.5 P/E ratio. It also markets and sells related service parts and accessories for its engines.
According to Zacks Investment Research, “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.”
Analysts await Briggs & Stratton Corporation (NYSE:BGG) to report earnings on January, 26 before the open. They expect $0.29 EPS, down 14.71% or $0.05 from last year’s $0.34 per share. BGG’s profit will be $12.52 million for 18.16 P/E if the $0.29 EPS becomes a reality. After $-0.34 actual EPS reported by Briggs & Stratton Corporation for the previous quarter, Wall Street now forecasts -185.29% EPS growth.
More notable recent Briggs & Stratton Corporation (NYSE:BGG) news were published by: Prnewswire.com which released: “Briggs & Stratton Corporation Reports First Quarter Results” on October 26, 2016, also Prnewswire.com with their article: “Briggs & Stratton Corporation Reports Fourth Quarter Results” published on August 17, 2016, Prnewswire.com published: “Briggs & Stratton Corporation To Announce Fiscal 2017 First Quarter Results” on October 12, 2016. More interesting news about Briggs & Stratton Corporation (NYSE:BGG) were released by: Prnewswire.com and their article: “Briggs & Stratton Corporation Awards Higher Horizons Scholarships” published on July 25, 2016 as well as Prnewswire.com‘s news article titled: “Briggs & Stratton Corporation To Announce Fiscal 2016 Fourth Quarter Results” with publication date: August 03, 2016.
Briggs & Stratton Corporation (Briggs & Stratton), incorporated on September 2, 1992, is a producer of gasoline engines for outdoor power equipment. The Firm designs, makes, markets, sells and services the various products for original equipment manufacturers (OEMs) around the world. The Firm also markets and sells related service parts and accessories for its engines. The Company’s subsidiary is a marketer of pressure washers, and it is a designer, maker and marketer of power generation, lawn and garden, turf care and job site products through its Simplicity, Snapper, Snapper Pro, Ferris, PowerBoss, Allmand, Billy Goat, Murray, Branco and Victa brands. Briggs & Stratton products are designed, manufactured, marketed, sold and serviced in over 100 countries on six continents. The Firm operates through two divisions: Engines and Products.
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