Briggs & Stratton Corp (NYSE:BGG) Institutional Investors Sentiment Index Dive in Q4 2017

May 16, 2018 - By Tina Thibodeau

Sentiment for Briggs & Stratton Corp (NYSE:BGG)

Briggs & Stratton Corp (NYSE:BGG) institutional sentiment decreased to 1.29 in Q4 2017. Its down -0.08, from 1.37 in 2017Q3. The ratio dropped, as 88 investment professionals opened new and increased positions, while 68 trimmed and sold equity positions in Briggs & Stratton Corp. The investment professionals in our partner’s database now hold: 34.72 million shares, up from 34.69 million shares in 2017Q3. Also, the number of investment professionals holding Briggs & Stratton Corp in their top 10 positions increased from 0 to 1 for an increase of 1. Sold All: 12 Reduced: 56 Increased: 51 New Position: 37.

Briggs & Stratton Corporation designs, makes, markets, sells, and services gasoline engines for outdoor power equipment to the original equipment manufacturers in the United States. The company has market cap of $791.29 million. It operates in two divisions, Engines and Products. It has a 34.02 P/E ratio. The Engines segment offers four-cycle aluminum alloy gasoline engines that are used primarily by the lawn and garden equipment industry.

The stock decreased 0.22% or $0.04 during the last trading session, reaching $18.44. About 264,857 shares traded. Briggs & Stratton Corporation (NYSE:BGG) has declined 2.95% since May 16, 2017 and is downtrending. It has underperformed by 14.50% the S&P500.

Analysts await Briggs & Stratton Corporation (NYSE:BGG) to report earnings on August, 15. They expect $0.48 earnings per share, up 4.35 % or $0.02 from last year’s $0.46 per share. BGG’s profit will be $20.60M for 9.60 P/E if the $0.48 EPS becomes a reality. After $0.84 actual earnings per share reported by Briggs & Stratton Corporation for the previous quarter, Wall Street now forecasts -42.86 % negative EPS growth.

Salem Capital Management Inc holds 2.5% of its portfolio in Briggs & Stratton Corporation for 193,950 shares. Hillcrest Asset Management Llc owns 501,024 shares or 2.26% of their US portfolio. Moreover, Brandes Investment Partners Lp has 1.14% invested in the company for 2.22 million shares. The California-based Harvest Capital Strategies Llc has invested 1.02% in the stock. Augustine Asset Management Inc, a Florida-based fund reported 58,325 shares.

Since January 1, 0001, it had 1 insider purchase, and 2 insider sales for $825,490 activity.

Briggs & Stratton Corporation (NYSE:BGG) Ratings Coverage

Ratings analysis reveals 50% of Briggs \u0026 Stratton’s analysts are positive. Out of 2 Wall Street analysts rating Briggs \u0026 Stratton, 1 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. BGG was included in 2 notes of analysts from January 16, 2018. The rating was maintained by Northcoast on Friday, January 26 with “Buy”. The firm has “Market Perform” rating by Raymond James given on Tuesday, January 16.

More news for Briggs & Stratton Corporation (NYSE:BGG) were recently published by: Globenewswire.com, which released: “Analysis: Positioning to Benefit within Celldex Therapeutics, McDermott International, Briggs & Stratton, Tile Shop …” on April 20, 2018. Seekingalpha.com‘s article titled: “Briggs & Stratton’s (BGG) CEO Todd Teske on Q3 2018 Results – Earnings Call Transcript” and published on April 29, 2018 is yet another important article.

Briggs & Stratton Corporation (NYSE:BGG) Institutional Positions Chart

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