Nordea Investment Management AB raised its position in Briggs & Stratton Corporation (NYSE:BGG) by 14.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 77,953 shares of the industrial products company’s stock after buying an additional 9,744 shares during the period. Nordea Investment Management AB owned approximately 0.18% of Briggs & Stratton Corporation worth $1,879,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of BGG. Public Employees Retirement System of Ohio boosted its position in Briggs & Stratton Corporation by 3.9% in the 1st quarter. Public Employees Retirement System of Ohio now owns 6,937 shares of the industrial products company’s stock valued at $156,000 after buying an additional 263 shares during the last quarter. Fiduciary Trust Co. purchased a new position in Briggs & Stratton Corporation in the 2nd quarter valued at about $181,000. SG Americas Securities LLC boosted its position in Briggs & Stratton Corporation by 12.3% in the 2nd quarter. SG Americas Securities LLC now owns 8,157 shares of the industrial products company’s stock valued at $197,000 after buying an additional 895 shares during the last quarter. State of Alaska Department of Revenue boosted its position in Briggs & Stratton Corporation by 76.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 8,403 shares of the industrial products company’s stock valued at $202,000 after buying an additional 3,653 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its position in Briggs & Stratton Corporation by 1.9% in the 1st 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 during the last quarter. 82.88% of the stock is owned by institutional investors.

In other news, SVP William H. Reitman sold 7,000 shares of Briggs & Stratton Corporation stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $20.69, for a total transaction of $144,830.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Todd J. Teske sold 5,830 shares of Briggs & Stratton Corporation stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $20.68, for a total transaction of $120,564.40. Following the sale, the insider now owns 379,417 shares in the company, valued at $7,846,343.56. The disclosure for this sale can be found here. Company insiders own 4.20% of the company’s stock.

Briggs & Stratton Corporation (NYSE BGG) opened at 24.02 on Thursday. The company has a market cap of $1.03 billion, a PE ratio of 18.34 and a beta of 0.72. Briggs & Stratton Corporation has a 12 month low of $17.90 and a 12 month high of $25.92. The stock’s 50 day moving average is $21.88 and its 200 day moving average is $23.11.

Briggs & Stratton Corporation (NYSE:BGG) last posted its quarterly earnings results on Wednesday, August 16th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.06). The company had revenue of $474.00 million during the quarter, compared to analyst estimates of $537.82 million. Briggs & Stratton Corporation had a return on equity of 11.24% and a net margin of 3.17%. The business’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.46 earnings per share. Equities analysts predict that Briggs & Stratton Corporation will post $1.38 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 15th were given a $0.14 dividend. The ex-dividend date was Thursday, September 14th. This represents a $0.56 annualized dividend and a yield of 2.33%. Briggs & Stratton Corporation’s dividend payout ratio is 43.08%.

A number of research firms have weighed in on BGG. ValuEngine raised shares of Briggs & Stratton Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. BidaskClub raised shares of Briggs & Stratton Corporation from a “strong sell” rating to a “sell” rating in a research report on Monday, August 14th. Finally, Zacks Investment Research raised shares of Briggs & Stratton Corporation from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Friday, August 11th. Two research analysts have rated the stock with a sell rating and two have issued a buy rating to the company’s stock. Briggs & Stratton Corporation currently has a consensus rating of “Hold” and an average target price of $25.50.

COPYRIGHT VIOLATION NOTICE: “Nordea Investment Management AB Has $1.88 Million Holdings in Briggs & Stratton Corporation (BGG)” was originally reported by Marea Informative and is owned by of Marea Informative. If you are accessing this report on another website, it was copied illegally and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this report can be accessed at http://www.mareainformativa.com/nordea-investment-management-ab-has-1-88-million-holdings-in-briggs-stratton-corporation-bgg/117042/.

Briggs & Stratton Corporation Profile

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)

Receive News & Stock Ratings for Briggs & Stratton Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Briggs & Stratton Corporation and related stocks with our FREE daily email newsletter.