Dimensional Fund Advisors LP Sells 6,462 Shares of Briggs & Stratton Co. (NYSE:BGG)

Dimensional Fund Advisors LP lowered its holdings in shares of Briggs & Stratton Co. (NYSE:BGG) by 0.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,600,469 shares of the industrial products company’s stock after selling 6,462 shares during the quarter. Dimensional Fund Advisors LP owned approximately 8.55% of Briggs & Stratton worth $47,095,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of BGG. Piedmont Investment Advisors Inc. acquired a new stake in shares of Briggs & Stratton in the fourth quarter valued at $132,000. PNC Financial Services Group Inc. grew its holdings in shares of Briggs & Stratton by 10.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 14,833 shares of the industrial products company’s stock worth $194,000 after acquiring an additional 1,458 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Briggs & Stratton in the 3rd quarter worth approximately $195,000. Oregon Public Employees Retirement Fund acquired a new stake in shares of Briggs & Stratton in the 4th quarter worth approximately $211,000. Finally, Crossmark Global Holdings Inc. grew its holdings in shares of Briggs & Stratton by 38.3% in the 4th quarter. Crossmark Global Holdings Inc. now owns 17,409 shares of the industrial products company’s stock worth $228,000 after acquiring an additional 4,820 shares during the period. Institutional investors own 87.56% of the company’s stock.

In other Briggs & Stratton news, Director Frank M. Jaehnert purchased 10,000 shares of the stock in a transaction that occurred on Monday, January 28th. The shares were acquired at an average cost of $12.04 per share, with a total value of $120,400.00. Following the completion of the transaction, the director now owns 25,000 shares in the company, valued at $301,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 6.30% of the company’s stock.

A number of research firms recently issued reports on BGG. ValuEngine raised Briggs & Stratton from a “strong sell” rating to a “sell” rating in a research note on Tuesday, April 16th. Zacks Investment Research lowered shares of Briggs & Stratton from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 29th. Finally, Robert W. Baird set a $14.00 price target on shares of Briggs & Stratton and gave the company a “hold” rating in a research report on Friday, January 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $17.50.

NYSE:BGG traded up $0.40 on Wednesday, reaching $14.04. The stock had a trading volume of 499,400 shares, compared to its average volume of 418,476. The firm has a market cap of $582.73 million, a PE ratio of 10.89 and a beta of 0.88. Briggs & Stratton Co. has a 1-year low of $11.34 and a 1-year high of $21.40. The company has a quick ratio of 0.47, a current ratio of 1.31 and a debt-to-equity ratio of 0.39.

Briggs & Stratton (NYSE:BGG) last announced its quarterly earnings results on Wednesday, January 23rd. The industrial products company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.05). The firm had revenue of $505.50 million during the quarter, compared to analyst estimates of $461.71 million. Briggs & Stratton had a negative net margin of 1.24% and a positive return on equity of 8.12%. The business’s revenue was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.25 EPS. On average, research analysts expect that Briggs & Stratton Co. will post 1.03 EPS for the current fiscal year.

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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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Institutional Ownership by Quarter for Briggs & Stratton (NYSE:BGG)

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