Metropolitan Life Insurance Co. NY continued to hold its stake in shares of Briggs & Stratton Corporation (NYSE:BGG) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,476 shares of the industrial products company’s stock at the end of the first quarter. Metropolitan Life Insurance Co. NY owned 0.07% of Briggs & Stratton Corporation worth $707,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in BGG. BlackRock Inc. increased its stake in shares of Briggs & Stratton Corporation by 26,045.7% in the first quarter. BlackRock Inc. now owns 5,666,301 shares of the industrial products company’s stock valued at $127,209,000 after buying an additional 5,644,629 shares in the last quarter. Brandes Investment Partners LP increased its stake in shares of Briggs & Stratton Corporation by 3.0% in the first quarter. Brandes Investment Partners LP now owns 2,987,091 shares of the industrial products company’s stock valued at $67,060,000 after buying an additional 87,079 shares in the last quarter. LSV Asset Management increased its stake in shares of Briggs & Stratton Corporation by 0.7% in the first quarter. LSV Asset Management now owns 2,158,817 shares of the industrial products company’s stock valued at $48,465,000 after buying an additional 16,000 shares in the last quarter. State Street Corp increased its stake in shares of Briggs & Stratton Corporation by 7.1% in the first quarter. State Street Corp now owns 1,136,411 shares of the industrial products company’s stock valued at $25,516,000 after buying an additional 75,331 shares in the last quarter. Finally, Frontier Capital Management Co. LLC increased its stake in shares of Briggs & Stratton Corporation by 3.2% in the first quarter. Frontier Capital Management Co. LLC now owns 1,024,848 shares of the industrial products company’s stock valued at $23,008,000 after buying an additional 31,366 shares in the last quarter. 85.12% of the stock is owned by institutional investors and hedge funds.

Shares of Briggs & Stratton Corporation (NYSE:BGG) traded up 1.43% during midday trading on Friday, reaching $23.33. The company’s stock had a trading volume of 102,952 shares. The stock has a market cap of $997.99 million, a PE ratio of 23.85 and a beta of 0.69. Briggs & Stratton Corporation has a one year low of $17.90 and a one year high of $25.92. The firm has a 50-day moving average of $23.95 and a 200-day moving average of $22.93.

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BGG has been the subject of several research reports. Zacks Investment Research raised Briggs & Stratton Corporation from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Tuesday, April 25th. BidaskClub downgraded Briggs & Stratton Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $24.67.

About Briggs & Stratton Corporation

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.

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

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