New York State Teachers Retirement System Decreases Stake in Briggs & Stratton Co. (NYSE:BGG)

New York State Teachers Retirement System reduced its position in Briggs & Stratton Co. (NYSE:BGG) by 3.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 121,759 shares of the industrial products company’s stock after selling 4,006 shares during the period. New York State Teachers Retirement System owned approximately 0.29% of Briggs & Stratton worth $1,247,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its position in Briggs & Stratton by 0.6% in the 4th quarter. Principal Financial Group Inc. now owns 344,140 shares of the industrial products company’s stock valued at $4,501,000 after buying an additional 1,885 shares during the last quarter. Penn Capital Management Co. Inc. purchased a new position in Briggs & Stratton in the 1st quarter valued at about $3,059,000. Squarepoint Ops LLC boosted its position in Briggs & Stratton by 39.5% in the 4th quarter. Squarepoint Ops LLC now owns 25,464 shares of the industrial products company’s stock valued at $333,000 after buying an additional 7,207 shares during the last quarter. Peregrine Capital Management LLC lifted its position in shares of Briggs & Stratton by 22.7% during the first quarter. Peregrine Capital Management LLC now owns 720,556 shares of the industrial products company’s stock worth $8,524,000 after purchasing an additional 133,540 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Briggs & Stratton during the fourth quarter worth about $8,809,000. 84.26% of the stock is owned by institutional investors.

NYSE BGG traded up $0.10 during trading hours on Tuesday, reaching $8.71. The company’s stock had a trading volume of 2,112 shares, compared to its average volume of 352,555. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.50 and a current ratio of 1.34. The company has a 50-day moving average of $9.74. Briggs & Stratton Co. has a 52 week low of $8.54 and a 52 week high of $21.40. The company has a market cap of $370.01 million, a PE ratio of 6.79 and a beta of 1.08.

BGG has been the topic of several research analyst reports. ValuEngine raised shares of Briggs & Stratton from a “sell” rating to a “hold” rating in a research report on Tuesday, July 2nd. Zacks Investment Research raised shares of Briggs & Stratton from a “strong sell” rating to a “hold” rating in a research report on Monday, July 1st. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $17.50.

Briggs & Stratton 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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