News stories about Briggs & Stratton (NYSE:BGG) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than twenty million blog and news sources. 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 news sentiment score of 0.16 on Accern’s scale. Accern also assigned media coverage about the industrial products company an impact score of 45.6331041892164 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
BGG has been the topic of several research analyst reports. Robert W. Baird reaffirmed a “hold” rating and set a $26.00 price objective on shares of Briggs & Stratton in a research note on Tuesday, January 9th. Zacks Investment Research raised Briggs & Stratton from a “hold” rating to a “strong-buy” rating and set a $31.00 price target on the stock in a research note on Thursday, January 18th. Raymond James Financial raised Briggs & Stratton from an “underperform” rating to a “market perform” rating in a research note on Tuesday, January 16th. Citigroup raised Briggs & Stratton to a “market perform” rating in a research note on Tuesday, January 16th. They noted that the move was a valuation call. Finally, ValuEngine raised Briggs & Stratton from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $28.50.
Shares of NYSE BGG traded up $0.10 during mid-day trading on Thursday, hitting $21.41. The company had a trading volume of 242,086 shares, compared to its average volume of 353,354. The stock has a market capitalization of $902.43, a price-to-earnings ratio of 39.65 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. Briggs & Stratton has a one year low of $20.00 and a one year high of $27.34.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Friday, March 16th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.62%. The ex-dividend date is Thursday, March 15th. Briggs & Stratton’s payout ratio is 103.71%.
In related news, insider Todd J. Teske sold 5,410 shares of Briggs & Stratton stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $22.55, for a total transaction of $121,995.50. Following the completion of the transaction, the insider now owns 378,997 shares in the company, valued at $8,546,382.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Todd J. Teske sold 26,573 shares of Briggs & Stratton stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $22.97, for a total value of $610,381.81. Following the transaction, the chief executive officer now owns 381,604 shares of the company’s stock, valued at approximately $8,765,443.88. The disclosure for this sale can be found here. 4.20% of the stock is owned by company insiders.
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Briggs & Stratton Company Profile
Briggs & Stratton Corporation designs, manufactures, markets, sells, and services gasoline engines for outdoor power equipment to the original equipment manufacturers in the United States. It operates in two segments, Engines and Products. The Engines segment offers four-cycle aluminum alloy gasoline engines that are used primarily by the lawn and garden equipment industry.
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