Public Employees Retirement System of Ohio boosted its stake in Briggs & Stratton Corporation (NYSE:BGG) by 3.9% during the first quarter, Holdings Channel reports. The institutional investor owned 6,937 shares of the industrial products company’s stock after buying an additional 263 shares during the period. Public Employees Retirement System of Ohio’s holdings in Briggs & Stratton Corporation were worth $156,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also 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 valued at $220,000 after buying an additional 180 shares in the last quarter. Mason Street Advisors LLC raised its position in shares of Briggs & Stratton Corporation by 7.0% in the first quarter. Mason Street Advisors LLC now owns 10,010 shares of the industrial products company’s stock valued at $225,000 after buying an additional 655 shares in the last quarter. Karp Capital Management Corp purchased a new position in shares of Briggs & Stratton Corporation during the first quarter valued at about $257,000. Finally, TD Asset Management Inc. raised its position in shares of Briggs & Stratton Corporation by 7.2% in the first quarter. TD Asset Management Inc. now owns 12,825 shares of the industrial products company’s stock valued at $288,000 after buying an additional 856 shares in the last quarter. 85.43% of the stock is owned by hedge funds and other institutional investors.

Briggs & Stratton Corporation (NYSE BGG) traded down 0.107% on Friday, reaching $23.395. The company had a trading volume of 51,839 shares. The company has a market capitalization of $1.00 billion, a P/E ratio of 23.921 and a beta of 0.69. Briggs & Stratton Corporation has a 52 week low of $17.90 and a 52 week high of $25.92. The stock’s 50-day moving average is $23.76 and its 200-day moving average is $22.97.

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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 target price for the company in a research report on Tuesday, April 25th. BidaskClub lowered Briggs & Stratton Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. Briggs & Stratton Corporation currently 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.

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

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