Briggs & Stratton Corporation (NYSE:BGG) – Analysts at Northcoast Research increased their FY2018 earnings estimates for Briggs & Stratton Corporation in a research note issued on Thursday. Northcoast Research analyst T. Hayes now anticipates that the industrial products company will post earnings per share of $1.69 for the year, up from their prior forecast of $1.67.

Other research analysts have also issued reports about the company. Zacks Investment Research lowered Briggs & Stratton Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, April 26th. BidaskClub lowered Briggs & Stratton Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $24.67.

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Briggs & Stratton Corporation (BGG) traded up 0.21% during midday trading on Friday, reaching $23.47. The company had a trading volume of 83,169 shares. Briggs & Stratton Corporation has a 1-year low of $17.90 and a 1-year high of $25.92. The company has a market capitalization of $1.00 billion, a P/E ratio of 24.00 and a beta of 0.69. The firm has a 50-day moving average of $23.76 and a 200 day moving average of $22.97.

A number of hedge funds and other institutional investors have recently made changes to their positions in BGG. State of Alaska Department of Revenue raised its position in shares of Briggs & Stratton Corporation by 1.7% in the first quarter. State of Alaska Department of Revenue now owns 4,750 shares of the industrial products company’s stock valued at $106,000 after buying an additional 80 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its position in shares of Briggs & Stratton Corporation by 1.9% in the first quarter. Municipal Employees Retirement System of Michigan now owns 9,780 shares of the industrial products company’s stock worth $220,000 after buying an additional 180 shares in the last quarter. Louisiana State Employees Retirement System raised its position in shares of Briggs & Stratton Corporation by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 17,400 shares of the industrial products company’s stock worth $391,000 after buying an additional 200 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Briggs & Stratton Corporation by 0.4% in the first quarter. PNC Financial Services Group Inc. now owns 49,530 shares of the industrial products company’s stock worth $1,111,000 after buying an additional 205 shares in the last quarter. Finally, Texas Permanent School Fund raised its position in shares of Briggs & Stratton Corporation by 0.8% in the second quarter. Texas Permanent School Fund now owns 31,232 shares of the industrial products company’s stock worth $753,000 after buying an additional 239 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors.

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.

Earnings History and Estimates for Briggs & Stratton Corporation (NYSE:BGG)

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