Finning International Inc. (TSE:FTT) Director Harold N. Kvisle Acquires 5,000 Shares

Finning International Inc. (TSE:FTT) Director Harold N. Kvisle acquired 5,000 shares of Finning International stock in a transaction that occurred on Thursday, June 20th. The stock was acquired at an average cost of C$38.93 per share, for a total transaction of C$194,650.00.

Harold N. Kvisle also recently made the following trade(s):

• On Tuesday, May 28th, Harold N. Kvisle bought 3,100 shares of Finning International stock. The shares were bought at an average cost of C$42.90 per share, for a total transaction of C$132,990.00.
• On Thursday, May 23rd, Harold N. Kvisle acquired 10,000 shares of Finning International stock. The shares were bought at an average price of C$42.55 per share, with a total value of C$425,500.00.
• On Tuesday, May 21st, Harold N. Kvisle bought 5,000 shares of Finning International stock. The stock was bought at an average price of C$43.60 per share, for a total transaction of C$218,000.00.
• On Wednesday, May 15th, Harold N. Kvisle sold 600 shares of Finning International stock. The stock was sold at an average price of C$43.14, for a total transaction of C$25,884.00.
• On Monday, May 13th, Harold N. Kvisle sold 3,100 shares of Finning International stock. The stock was sold at an average price of C$43.36, for a total transaction of C$134,416.00.

Finning International Price Performance

FTT stock opened at C$38.84 on Monday. The company has a debt-to-equity ratio of 120.20, a quick ratio of 0.59 and a current ratio of 1.52. The business has a 50-day simple moving average of C$41.75 and a two-hundred day simple moving average of C$39.29. The company has a market capitalization of C$5.52 billion, a P/E ratio of 11.13, a price-to-earnings-growth ratio of 0.56 and a beta of 1.62. Finning International Inc. has a 52-week low of C$33.77 and a 52-week high of C$46.30.

Finning International (TSE:FTT) last announced its earnings results on Monday, May 6th. The company reported C$0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.87 by C($0.03). The company had revenue of C$2.33 billion for the quarter, compared to analysts’ expectations of C$2.18 billion. Finning International had a net margin of 4.75% and a return on equity of 20.10%. Research analysts expect that Finning International Inc. will post 4 EPS for the current fiscal year.

Finning International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Wednesday, May 22nd were given a dividend of $0.275 per share. This is a positive change from Finning International’s previous quarterly dividend of $0.25. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend was Tuesday, May 21st. Finning International’s dividend payout ratio (DPR) is presently 31.52%.

Wall Street Analysts Forecast Growth

FTT has been the subject of several research analyst reports. BMO Capital Markets lifted their price objective on Finning International from C$47.00 to C$48.00 in a research report on Wednesday, May 8th. CIBC increased their target price on shares of Finning International from C$45.00 to C$49.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 8th. National Bankshares lifted their price target on shares of Finning International from C$46.00 to C$47.00 and gave the company an “outperform” rating in a research note on Wednesday, May 8th. Royal Bank of Canada increased their price objective on shares of Finning International from C$45.00 to C$49.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 8th. Finally, TD Securities boosted their target price on Finning International from C$41.00 to C$43.00 and gave the company a “hold” rating in a research report on Wednesday, May 8th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$49.13.

Finning International Company Profile

Finning International Inc sells, services, and rents heavy equipment, engines, and related products in Canada, Chile, Bolivia, the United Kingdom, Argentina, Ireland, and internationally. The company offers articulated trucks, asphalt pavers, backhoe loaders, cold planers, compactors, dozers, drills, electric rope shovels, excavators, hydraulic mining shovels, material handlers, motor graders, off-highway trucks, pipelayers, road reclaimers, skid steer and compact track loaders, track loaders, underground-hard rock, wheel loaders, and wheel tractor-scrapers, as well as mobile and stationary generator sets.