Briggs & Stratton (BGG) Getting Somewhat Positive Press Coverage, Study Finds

News coverage about Briggs & Stratton (NYSE:BGG) has been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Briggs & Stratton earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned headlines about the industrial products company an impact score of 43.4304618633638 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Briggs & Stratton stock opened at $20.78 on Friday. Briggs & Stratton has a 12-month low of $20.00 and a 12-month high of $27.34. The company has a current ratio of 1.68, a quick ratio of 0.64 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $899.86, a price-to-earnings ratio of 16.01 and a beta of 0.67.

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Briggs & Stratton (NYSE:BGG) last released its earnings results on Wednesday, January 24th. The industrial products company reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.02. Briggs & Stratton had a return on equity of 10.25% and a net margin of 1.31%. The firm had revenue of $446.00 million for the quarter, compared to analysts’ expectations of $424.00 million. During the same quarter in the previous year, the business posted $0.35 earnings per share. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. equities analysts anticipate that Briggs & Stratton will post 1.53 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 3rd. Shareholders of record on Friday, March 16th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date was Thursday, March 15th. Briggs & Stratton’s dividend payout ratio is presently 42.75%.

A number of research analysts recently commented on the company. Robert W. Baird reaffirmed a “hold” rating and issued a $26.00 price target on shares of Briggs & Stratton in a research note on Tuesday, January 9th. Citigroup raised Briggs & Stratton to a “market perform” rating in a research note on Tuesday, January 16th. They noted that the move was a valuation call. ValuEngine raised Briggs & Stratton from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Zacks Investment Research raised Briggs & Stratton from a “hold” rating to a “strong-buy” rating and set a $31.00 price target for the company in a research note on Thursday, January 18th. Finally, Raymond James Financial raised Briggs & Stratton from an “underperform” rating to a “market perform” rating in a research note on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $28.50.

In other news, CEO Todd J. Teske sold 26,573 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $22.97, for a total transaction of $610,381.81. Following the sale, the chief executive officer now directly owns 381,604 shares in the company, valued at $8,765,443.88. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Todd J. Teske sold 5,410 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $22.55, for a total value of $121,995.50. Following the sale, the insider now owns 378,997 shares in the company, valued at $8,546,382.35. The disclosure for this sale can be found here. Insiders own 4.20% of the company’s stock.

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About Briggs & Stratton

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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