Briggs & Stratton Corporation (NYSE:BGG) has a beta value of 1.6 and has seen 1,868,928 shares traded in the recent trading session. The company, currently valued at $61.98 Million, closed the recent trade at $1.46 per share which meant it lost $0 on the day or 0% during that session. The BGG stock price is -619.86% off its 52-week high price of $10.51 and 21.23% above the 52-week low of $1.15. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.47 Million shares traded. The 3-month trading volume is 2.21 Million shares.
Briggs & Stratton Corporation (NYSE:BGG) trade information
Sporting 0.82% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Monday, Jun 29 when the BGG stock price touched $1.57 or saw a rise of 4.46%. Year-to-date, Briggs & Stratton Corporation shares have moved -77.48%, while the 5-day performance has seen it change 2.04%. Over the past 30 days, the shares of Briggs & Stratton Corporation (NYSE:BGG) have changed -8.54%. Short interest in the company has seen 17.22 Million shares shorted with days to cover at 7.79.
Briggs & Stratton Corporation (BGG) estimates and forecasts
4 analysts offering their estimates for the company have set an average revenue estimate of $340.53 Million for the current quarter. 4 have an estimated revenue figure of $275.82 Million for the next quarter concluding in September 01, 2020. Year-ago sales stood $471.95 Million and $291.14 Million respectively for this quarter and the next, and analysts expect sales will grow by -27.8% for the current quarter and -5.3% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -33% over the past 5 years. Earnings growth for 2020 is a modest -671.8% while over the next 5 years, the company’s earnings are expected to increase by 0%.
Briggs & Stratton Corporation is expected to release its next earnings report between August 13 and August 20 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.2 at a share yield of 15.75%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 4.45%.
Briggs & Stratton Corporation (NYSE:BGG)’s Major holders
Insiders own 4.47% of the company shares, while shares held by institutions stand at 90.71% with a share float percentage of 94.95%. Investors are also buoyed by the number of investors in a company, with Briggs & Stratton Corporation having a total of 205 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 6.8 Million shares worth more than $12.31 Million. As of March 30, 2020, Blackrock Inc. held 16.02% of shares outstanding.
The other major institutional holder is Brandes Investment Partners L.P., with the holding of over 3.97 Million shares as of March 30, 2020. The firm’s total holdings are worth over $7.19 Million and represent 9.36% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. As of March 30, 2020, the former fund manager holds about 6.37% shares in the company for having 2703968 shares of worth $4.89 Million while later fund manager owns 1.18 Million shares of worth $2.13 Million as of March 30, 2020, which makes it owner of about 2.78% of company’s outstanding stock.