Briggs & Stratton Corp (NYSE:BGG) Move as Institutional Investors’ Sentiment Drops

July 18, 2017 - By Marie Mckinney

 Briggs & Stratton Corp (NYSE:BGG) Move  as Institutional Investors' Sentiment  Drops

Sentiment for Briggs & Stratton Corp (NYSE:BGG)

Briggs & Stratton Corp (NYSE:BGG) institutional sentiment decreased to 0.76 in Q4 2016. Its down -0.17, from 0.93 in 2016Q3. The ratio has dropped, as 68 hedge funds increased and started new equity positions, while 90 sold and decreased their stock positions in Briggs & Stratton Corp. The hedge funds in our partner’s database now have: 36.66 million shares, down from 37.40 million shares in 2016Q3. Also, the number of hedge funds holding Briggs & Stratton Corp in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 35 Reduced: 55 Increased: 45 New Position: 23.

Briggs & Stratton Corporation is a producer of gasoline engines for outdoor power equipment. The company has market cap of $1.04 billion. The Firm designs, makes, markets, sells and services the various products for original equipment manufacturers around the world. It has a 24.72 P/E ratio. It also markets and sells related service parts and accessories for its engines.

The stock increased 0.29% or $0.07 on July 17, reaching $24.23. About shares traded. Briggs & Stratton Corporation (NYSE:BGG) has risen 11.23% since July 18, 2016 and is uptrending. It has underperformed by 5.47% the S&P500.

Wall Street await Briggs & Stratton Corporation (NYSE:BGG) to release earnings on August, 17 before the open. Analysts forecast earnings per share of $0.51, up exactly $0.05 or 10.87 % from 2014’s $0.46 EPS. The expected BGG’s profit could reach $21.89 million giving the stock 11.88 P/E in the case that $0.51 earnings per share is reported. After posting $0.83 EPS for the previous quarter, Briggs & Stratton Corporation’s analysts now forecast -38.55 % negative EPS growth.

Daruma Capital Management Llc holds 2.75% of its portfolio in Briggs & Stratton Corporation for 2.17 million shares. Salem Capital Management Inc owns 199,575 shares or 2.45% of their US portfolio. Moreover, Hillcrest Asset Management Llc has 2.08% invested in the company for 476,125 shares. The Wisconsin-based Netols Asset Management Inc. has invested 1.65% in the stock. Brandes Investment Partners Lp, a California-based fund reported 2.90 million shares.#img1#

Since January 1, 0001, it had 0 insider purchases, and 3 sales for $1.01 million activity.

Briggs & Stratton Corporation (NYSE:BGG) Ratings Coverage

Ratings analysis reveals 33% of Briggs & Stratton Corporation’s analysts are positive. Out of 3 Wall Street analysts rating Briggs & Stratton Corporation, 1 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. BGG was included in 3 notes of analysts from April 15, 2016. The stock has “Market Perform” rating by Raymond James on Wednesday, June 1. Northcoast upgraded the stock to “Buy” rating in Monday, January 30 report. As per Friday, April 15, the company rating was downgraded by Robert W. Baird.

More notable recent Briggs & Stratton Corporation (NYSE:BGG) news were published by: Fool.com which released: “Why Briggs & Stratton Corporation Stock Popped 11% in April” on May 11, 2017, also Reuters.com with their article: “BRIEF-Briggs & Stratton Corp reports Q3 earnings per share $0.83” published on April 20, 2017, Prnewswire.com published: “Briggs & Stratton Brings Innovative Power Transfer Switch to Canadian Homeowners” on June 28, 2017. More interesting news about Briggs & Stratton Corporation (NYSE:BGG) were released by: Prnewswire.com and their article: “Briggs & Stratton Expands Just Check & Addâ„¢ Technology” published on February 15, 2017 as well as Prnewswire.com‘s news article titled: “Briggs & Stratton Corporation To Announce Fiscal 2017 Second Quarter Results” with publication date: January 11, 2017.

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