Briggs & Stratton Corporation (BGG) Formed Double Bottom Pattern; Sellers Are Thriving

July 14, 2018 - By Elizabeth Bryant

Investors sentiment increased to 1.6 in Q1 2018. Its up 0.31, from 1.29 in 2017Q4. It increased, as 21 investors sold Briggs & Stratton Corporation shares while 39 reduced holdings. 28 funds opened positions while 68 raised stakes. 33.98 million shares or 2.13% less from 34.72 million shares in 2017Q4 were reported.
Petrus Lta stated it has 0.05% of its portfolio in Briggs & Stratton Corporation (NYSE:BGG). Suntrust Banks has invested 0% in Briggs & Stratton Corporation (NYSE:BGG). Harvest Capital Strategies Ltd Liability has 0.72% invested in Briggs & Stratton Corporation (NYSE:BGG). Moreover, Jpmorgan Chase Communications has 0% invested in Briggs & Stratton Corporation (NYSE:BGG) for 854,197 shares. Numerixs Techs reported 1,800 shares stake. Frontier Capital Mngmt Ltd Liability Co, a Massachusetts-based fund reported 1.05 million shares. Principal Group Inc reported 0.01% in Briggs & Stratton Corporation (NYSE:BGG). 32 were reported by Parkside Bancshares And Tru. 51,542 are held by Bluemountain Mngmt Ltd Liability. Fisher Asset Management Limited Com has 10,457 shares for 0% of their portfolio. Oppenheimer & invested in 0.03% or 53,250 shares. 182,822 were reported by Goldman Sachs Grp. Legal General Gp Plc holds 89,715 shares. 74,600 were reported by Swiss Bancorp. Howe Rusling stated it has 0% in Briggs & Stratton Corporation (NYSE:BGG).

Since February 16, 2018, it had 1 insider buy, and 2 selling transactions for $825,490 activity. JAEHNERT FRANK M bought $87,500 worth of stock or 5,000 shares.

The chart of Briggs & Stratton Corporation (BGG) shows a double bottom with $16.79 target or 9.00 % below today’s $18.45 share price. The 7 months chart pattern indicates high risk for the $787.18 million company. It was reported on Jul, 14 by Finviz.com. If the $16.79 price target is reached, the company will be worth $70.85M less. Double bottoms are rare but powerful chart patterns.

The stock increased 1.26% or $0.23 during the last trading session, reaching $18.45. About 163,463 shares traded. Briggs & Stratton Corporation (NYSE:BGG) has declined 20.57% since July 14, 2017 and is downtrending. It has underperformed by 33.14% the S&P500.

Analysts await Briggs & Stratton Corporation (NYSE:BGG) to report earnings on August, 15. They expect $0.48 EPS, up 4.35 % or $0.02 from last year’s $0.46 per share. BGG’s profit will be $20.48 million for 9.61 P/E if the $0.48 EPS becomes a reality. After $0.84 actual EPS reported by Briggs & Stratton Corporation for the previous quarter, Wall Street now forecasts -42.86 % negative EPS growth.

Briggs & Stratton Corporation (NYSE:BGG) Ratings Coverage

Among 2 analysts covering Briggs \u0026 Stratton (NYSE:BGG), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Briggs \u0026 Stratton had 2 analyst reports since January 16, 2018 according to SRatingsIntel. The rating was maintained by Northcoast with “Buy” on Friday, January 26. On Tuesday, January 16 the stock rating was upgraded by Raymond James to “Market Perform”.

More recent Briggs & Stratton Corporation (NYSE:BGG) news were published by: Globenewswire.com which released: “Analysis: Positioning to Benefit within The Stars Group, AMAG Pharmaceuticals, ResMed, WestRock, Briggs & Stratton …” on June 18, 2018. Also Prnewswire.com published the news titled: “Ferris Announces Partnership with the National Hispanic Landscape Alliance (NHLA)” on July 10, 2018. Prnewswire.com‘s news article titled: “VanguardĀ® Increases Engine Options Available On ScagĀ® Turf Tiger II Commercial Mower” with publication date: July 11, 2018 was also an interesting one.

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 $787.18 million. It operates in two divisions, Engines and Products. It has a 40.64 P/E ratio. The Engines segment offers four-cycle aluminum alloy gasoline engines that are used primarily by the lawn and garden equipment industry.

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

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