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

Finning International Inc. (TSE:FTT) Director Harold N. Kvisle bought 5,000 shares of the firm’s stock in a transaction on Thursday, June 20th. The shares were bought 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 purchased 10,000 shares of Finning International stock. The shares were acquired at an average price of C$42.55 per share, for a total transaction of C$425,500.00.
• On Tuesday, May 21st, Harold N. Kvisle purchased 5,000 shares of Finning International stock. The shares were acquired 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 Trading Down 0.5 %

TSE:FTT opened at C$38.84 on Friday. The company has a debt-to-equity ratio of 120.20, a current ratio of 1.52 and a quick ratio of 0.59. The firm has a 50-day moving average of C$41.75 and a 200-day moving average of C$39.23. The company has a market cap of C$5.52 billion, a PE ratio of 11.13, a PEG ratio of 0.56 and a beta of 1.62. Finning International Inc. has a one year low of C$33.77 and a one year high of C$46.30.

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

Finning International Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FTT. TD Securities lifted their price target on shares of Finning International from C$41.00 to C$43.00 and gave the stock a “hold” rating in a report on Wednesday, May 8th. BMO Capital Markets upped their price objective on shares of Finning International from C$47.00 to C$48.00 in a report on Wednesday, May 8th. National Bankshares upped their price objective on shares of Finning International from C$46.00 to C$47.00 and gave the company an “outperform” rating in a report on Wednesday, May 8th. Royal Bank of Canada upped their price objective on shares of Finning International from C$45.00 to C$49.00 and gave the company an “outperform” rating in a report on Wednesday, May 8th. Finally, Scotiabank upped their price objective on shares of Finning International from C$53.00 to C$54.00 and gave the company an “outperform” rating in a report on Wednesday, May 8th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$49.13.

About Finning International

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.