Briggs & Stratton Corp (BGG) Files Form 4 Insider Selling : Todd J Teske Sells 30,000 Shares

Briggs & Stratton Corp (BGG): Todd J Teske , Chairman, President & CEO of Briggs & Stratton Corp sold 30,000 shares on May 26, 2016. The Insider selling transaction was reported by the company on May 31, 2016 to the Securities and Exchange Commission. The shares were sold at $22.09 per share for a total value of $662,670.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 26, 2016, David G Debaets (VP-Global Engine Operations) sold 6,380 shares at $22.00 per share price.On Mar 11, 2016, David J Rodgers (Sr. VP & Pres. – Engines Group) sold 17,790 shares at $23.99 per share price.Also, On Feb 18, 2016, Todd J Teske (Chairman, President & CEO) sold 49,213 shares at $20.98 per share price.On Feb 8, 2016, Harold L Redman (SVP & Pres.-Turf & Cons. Prod.) sold 25,050 shares at $20.41 per share price.

Briggs & Stratton Corporation: On Friday, May 27, 2016 heightened volatility was witnessed in Briggs & Stratton Corporation which led to swings in the share price. The shares opened for trading at $22.1 and hit $22.43 on the upside , eventually ending the session at $22.3, with a gain of 0.90% or 0.2 points. The heightened volatility saw the trading volume jump to 2,18,129 shares. The 52-week high of the share price is $24.48 and the company has a market cap of $966 M . The 52-week low of the share price is at $15.47.

Briggs & Stratton Corporation Money Flow Index Chart

On Apr 21, 2016, Briggs & Stratton Corporation announced a cash dividend of $0.1350. The company’s management has announced Jun 15, 2016 as the ex-dividend date and fixed the record date on Jun 17, 2016. The payable date has been fixed on Jun 30, 2016.

Company has been under the radar of several Street Analysts.Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Apr 15, 2016.Briggs & Stratton Corporation is Downgraded by Northcoast to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Mar 11, 2016.

Briggs & Stratton Corporation is a producer of air cooled gasoline engines for outdoor power equipment. The Company designs manufactures markets and services these products for original equipment manufacturers (OEMs) worldwide. In addition the Company markets and sells related service parts and accessories for its engines. The Company manufactures markets generators pressure washers snow throwers lawn and garden powered equipment (primarily riding and walk behind mowers) and related service parts and accessories. The Company operates in two segments: Engines and Power Products. Briggs & Stratton manufactures four-cycle aluminum alloy gasoline engines with displacements ranging from 125 to 993 cubic centimeters through its Engines segment. Power Products’ principal product lines include portable and standby generators pressure washers snow throwers and lawn and garden powered equipment.

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