Ladenburg Thalmann Financial Services Inc. Has $113,000 Holding in Briggs & Stratton Co. (BGG)

Ladenburg Thalmann Financial Services Inc. Has $113,000 Holding in Briggs & Stratton Co. (BGG)

Ladenburg Thalmann Financial Services Inc. cut its position in shares of Briggs & Stratton Co. (NYSE:BGG) by 80.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,083 shares of the company’s stock after selling 21,124 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Briggs & Stratton Co. were worth $113,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in BGG. Fox Run Management L.L.C. acquired a new stake in shares of Briggs & Stratton Co. during the third quarter worth approximately $237,000. Nisa Investment Advisors LLC boosted its stake in shares of Briggs & Stratton Co. by 19.7% in the third quarter. Nisa Investment Advisors LLC now owns 66,900 shares of the company’s stock worth $1,248,000 after buying an additional 11,000 shares during the last quarter. Capital One National Association boosted its stake in shares of Briggs & Stratton Co. by 3.8% in the third quarter. Capital One National Association now owns 23,270 shares of the company’s stock worth $434,000 after buying an additional 844 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Briggs & Stratton Co. by 59.2% in the third quarter. First Trust Advisors LP now owns 67,212 shares of the company’s stock worth $1,254,000 after buying an additional 25,003 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Briggs & Stratton Co. by 1.8% in the third quarter. JPMorgan Chase & Co. now owns 1,063,886 shares of the company’s stock worth $19,842,000 after buying an additional 19,230 shares during the last quarter. 89.46% of the stock is owned by institutional investors and hedge funds.

Briggs & Stratton Co. (NYSE:BGG) opened at 21.73 on Wednesday. The stock has a market capitalization of $930.17 million, a PE ratio of 28.59 and a beta of 0.82. Briggs & Stratton Co. has a 12-month low of $17.90 and a 12-month high of $24.17. The company’s 50-day moving average is $21.64 and its 200 day moving average is $20.74.

Briggs & Stratton Co. (NYSE:BGG) last released its quarterly earnings results on Wednesday, January 25th. The company reported $0.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.07. The business earned $428 million during the quarter, compared to analyst estimates of $416.32 million. Briggs & Stratton Co. had a net margin of 1.83% and a return on equity of 11.27%. The business’s revenue was up 3.5% on a year-over-year basis. During the same period last year, the business earned $0.34 EPS. On average, analysts predict that Briggs & Stratton Co. will post $1.37 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 3rd. Investors of record on Thursday, March 16th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date is Tuesday, March 14th. Briggs & Stratton Co.’s payout ratio is 75.68%.

BGG has been the subject of a number of research reports. Zacks Investment Research cut shares of Briggs & Stratton Co. from a “buy” rating to a “hold” rating in a report on Tuesday, December 13th. Northcoast Research raised shares of Briggs & Stratton Co. from a “neutral” rating to a “buy” rating and set a $25.00 target price for the company in a report on Monday, January 30th. They noted that the move was a valuation call. Finally, TheStreet raised shares of Briggs & Stratton Co. from a “c+” rating to a “b” rating in a report on Tuesday, February 21st. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $24.33.

In related news, SVP Harold L. Redman sold 22,530 shares of the firm’s stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $21.84, for a total transaction of $492,055.20. Following the completion of the sale, the senior vice president now directly owns 92,009 shares of the company’s stock, valued at approximately $2,009,476.56. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Andrea L. Golvach sold 4,110 shares of the firm’s stock in a transaction on Tuesday, January 31st. The shares were sold at an average price of $21.65, for a total transaction of $88,981.50. Following the sale, the vice president now directly owns 18,299 shares of the company’s stock, valued at $396,173.35. The disclosure for this sale can be found here. 4.70% of the stock is currently owned by company insiders.

About Briggs & Stratton Co.

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.

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