Is Buying 52-Week Stock Like Briggs & Stratton Corporation (BGG) a Winning Strategy?

January 22, 2018 - By Vivian Currie

Investors sentiment increased to 1.37 in 2017 Q3. Its up 0.31, from 1.06 in 2017Q2. It improved, as 15 investors sold Briggs & Stratton Corporation shares while 42 reduced holdings. 19 funds opened positions while 59 raised stakes. 34.69 million shares or 1.10% less from 35.08 million shares in 2017Q2 were reported.
Petrus Tru Lta has invested 0.08% of its portfolio in Briggs & Stratton Corporation (NYSE:BGG). Howe And Rusling holds 108 shares. Legal General Public Ltd Com has 82,309 shares. Oakworth Capital Inc holds 0% or 900 shares. Fny Managed Accounts Limited Company accumulated 0.02% or 756 shares. Sg Americas Limited Liability Corp owns 11,538 shares or 0% of their US portfolio. 69,179 were reported by Wells Fargo And Mn. Louisiana State Employees Retirement Sys owns 17,300 shares. Vanguard Grp owns 4.43M shares for 0% of their portfolio. 13,608 were reported by Trexquant Invest L P. Parametric Port Limited accumulated 158,721 shares. Manufacturers Life Insur The invested in 32,948 shares or 0% of the stock. 57,265 are owned by Alliancebernstein L P. Nj State Employees Deferred Compensation Plan holds 0.06% in Briggs & Stratton Corporation (NYSE:BGG) or 15,000 shares. The Pennsylvania-based Nationwide Fund Advsrs has invested 0% in Briggs & Stratton Corporation (NYSE:BGG).

Since August 28, 2017, it had 0 insider purchases, and 3 insider sales for $748,550 activity. On Monday, October 30 the insider Golvach Andrea L sold $483,146. 5,830 shares were sold by TESKE TODD J, worth $120,559.

The stock of Briggs & Stratton Corporation (NYSE:BGG) hit a new 52-week high and has $27.47 target or 3.00 % above today’s $26.67 share price. The 9 months bullish chart indicates low risk for the $1.14 billion company. The 1-year high was reported on Jan, 22 by Barchart.com. If the $27.47 price target is reached, the company will be worth $34.29M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 1.66% or $0.45 during the last trading session, reaching $26.67. About 111,296 shares traded. Briggs & Stratton Corporation (NYSE:BGG) has risen 11.23% since January 22, 2017 and is uptrending. It has underperformed by 5.47% the S&P500.

Analysts await Briggs & Stratton Corporation (NYSE:BGG) to report earnings on January, 24. They expect $0.23 earnings per share, down 34.29 % or $0.12 from last year’s $0.35 per share. BGG’s profit will be $9.86M for 28.99 P/E if the $0.23 EPS becomes a reality. After $-0.27 actual earnings per share reported by Briggs & Stratton Corporation for the previous quarter, Wall Street now forecasts -185.19 % EPS growth.

Briggs & Stratton Corporation (NYSE:BGG) Ratings Coverage

Among 3 analysts covering Briggs & Stratton Corporation (NYSE:BGG), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Briggs & Stratton Corporation has $24.0 highest and $22.0 lowest target. $24’s average target is -10.01% below currents $26.67 stock price. Briggs & Stratton Corporation had 7 analyst reports since April 15, 2016 according to SRatingsIntel. On Friday, October 20 the stock rating was maintained by Robert W. Baird with “Hold”. The company was upgraded on Tuesday, January 16 by Raymond James. As per Monday, January 30, the company rating was upgraded by Northcoast. The firm has “Hold” rating given on Thursday, October 26 by Robert W. Baird. The firm earned “Neutral” rating on Friday, April 15 by Robert W. Baird. The company was downgraded on Tuesday, October 17 by Raymond James. The firm earned “Market Perform” rating on Wednesday, June 1 by Raymond James.

More notable recent Briggs & Stratton Corporation (NYSE:BGG) news were published by: Prnewswire.com which released: “Briggs & Stratton Corporation Wins Manufacturing Die Casting Award” on September 19, 2017, also Prnewswire.com with their article: “Briggs & Stratton Acquires Commercial Spreader And Sprayer Product Line” published on December 11, 2017, Seekingalpha.com published: “Briggs & Stratton: Don’t Do It (Maybe)” on August 23, 2017. More interesting news about Briggs & Stratton Corporation (NYSE:BGG) were released by: Prnewswire.com and their article: “Briggs & Stratton Corporation And Walmart Celebrate “Made In America” And 335 …” published on August 30, 2017 as well as Jsonline.com‘s news article titled: “Briggs & Stratton Corp. reports higher sales, from hurricanes, but a quarterly …” with publication date: October 25, 2017.

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 $1.14 billion. It operates in two divisions, Engines and Products. It has a 20.61 P/E ratio. The Engines segment offers four-cycle aluminum alloy gasoline engines that are used primarily by the lawn and garden equipment industry.

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