Media coverage about Briggs & Stratton (NYSE:BGG) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Briggs & Stratton earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned media coverage about the industrial products company an impact score of 47.18845293573 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
A number of equities analysts have recently commented on the stock. ValuEngine raised shares of Briggs & Stratton from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research cut shares of Briggs & Stratton from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Citigroup upgraded shares of Briggs & Stratton to a “market perform” rating in a research report on Tuesday, January 16th. They noted that the move was a valuation call. Raymond James Financial upgraded shares of Briggs & Stratton from an “underperform” rating to a “market perform” rating in a report on Tuesday, January 16th. Finally, Robert W. Baird restated a “hold” rating and set a $26.00 price objective on shares of Briggs & Stratton in a report on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $28.50.
Briggs & Stratton (BGG) remained flat at $$22.59 during midday trading on Wednesday. The company’s stock had a trading volume of 156,659 shares, compared to its average volume of 384,499. Briggs & Stratton has a 1 year low of $20.00 and a 1 year high of $27.34. The stock has a market capitalization of $977.96, a P/E ratio of 41.83 and a beta of 0.66. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.68 and a quick ratio of 0.64.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Friday, March 16th will be given a dividend of $0.14 per share. The ex-dividend date is Thursday, March 15th. This represents a $0.56 annualized dividend and a yield of 2.48%. Briggs & Stratton’s dividend payout ratio is 103.71%.
In related news, CEO Todd J. Teske sold 26,573 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $22.97, for a total value of $610,381.81. Following the completion of the transaction, the chief executive officer now owns 381,604 shares in the company, valued at approximately $8,765,443.88. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Todd J. Teske sold 5,410 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $22.55, for a total transaction of $121,995.50. Following the sale, the insider now directly owns 378,997 shares of the company’s stock, valued at approximately $8,546,382.35. The disclosure for this sale can be found here. 4.20% of the stock is currently owned by corporate insiders.
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Briggs & Stratton 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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