Briggs & Stratton (NYSE:BGG) Lowered to Strong Sell at ValuEngine

ValuEngine downgraded shares of Briggs & Stratton (NYSE:BGG) from a sell rating to a strong sell rating in a research report sent to investors on Friday, ValuEngine reports.

Separately, Zacks Investment Research upgraded shares of Briggs & Stratton from a strong sell rating to a hold rating in a research report on Monday, July 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $17.50.

Shares of Briggs & Stratton stock traded up $0.24 during trading on Friday, hitting $4.83. 2,405,600 shares of the company’s stock traded hands, compared to its average volume of 377,635. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.34 and a quick ratio of 0.50. The firm’s fifty day moving average price is $9.33 and its 200 day moving average price is $11.24. Briggs & Stratton has a twelve month low of $4.27 and a twelve month high of $21.37. The company has a market cap of $203.15 million, a PE ratio of -15.09 and a beta of 1.08.

Briggs & Stratton (NYSE:BGG) last issued its earnings results on Thursday, August 15th. The industrial products company reported ($0.36) earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.82). Briggs & Stratton had a negative net margin of 2.54% and a positive return on equity of 4.22%. The business had revenue of $471.95 million for the quarter, compared to analyst estimates of $519.87 million. During the same quarter last year, the firm posted $0.47 earnings per share. Briggs & Stratton’s revenue was down 5.9% on a year-over-year basis. As a group, equities research analysts anticipate that Briggs & Stratton will post 0.3 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the business. Penn Capital Management Co. Inc. acquired a new position in Briggs & Stratton in the first quarter valued at about $3,059,000. Norges Bank acquired a new position in Briggs & Stratton in the fourth quarter valued at about $8,809,000. Advisory Services Network LLC acquired a new position in Briggs & Stratton in the first quarter valued at about $252,000. Foundry Partners LLC boosted its position in Briggs & Stratton by 9.0% in the first quarter. Foundry Partners LLC now owns 292,228 shares of the industrial products company’s stock valued at $3,457,000 after buying an additional 24,072 shares in the last quarter. Finally, Rational Advisors LLC acquired a new position in Briggs & Stratton in the first quarter valued at about $184,000. Hedge funds and other institutional investors own 84.14% of the company’s stock.

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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