Badger Infrastructure Solutions (TSE:BDGI) Director Buys C$53,994.00 in Stock

Key Points

• Director Stephen James Jones bought 600 shares of Badger Infrastructure Solutions at C$89.99 each, investing C$53,994 and increasing his direct holdings by 10.53% to 6,300 shares. He had also purchased 200 shares the prior week.
• Badger shares rose to C$88.91, with a C$2.99 billion market capitalization and a 52-week range of C$53.38 to C$99.46. The company pays a quarterly dividend of C$0.195, equivalent to a 0.9% annual yield.
• Analysts remain generally positive, with seven Buy ratings and one Hold rating producing a Moderate Buy consensus and an average price target of C$94.75.

Badger Infrastructure Solutions Ltd. (TSE:BDGI - Get Free Report) Director Stephen James Jones purchased 600 shares of the firm's stock in a transaction that occurred on Monday, August 17th. The shares were bought at an average cost of C$89.99 per share, for a total transaction of C$53,994.00. Following the completion of the acquisition, the director directly owned 6,300 shares in the company, valued at C$566,937. The trade was a 10.53% increase in their position.

Stephen James Jones also recently made the following trade(s):

• On Friday, August 14th, Stephen James Jones acquired 200 shares of Badger Infrastructure Solutions stock. The shares were bought at an average price of C$88.58 per share, with a total value of C$17,716.00.

Badger Infrastructure Solutions Price Performance

TSE:BDGI traded up C$1.61 on Monday, hitting C$88.91. The company had a trading volume of 33,663 shares, compared to its average volume of 166,491. Badger Infrastructure Solutions Ltd. has a 52 week low of C$53.38 and a 52 week high of C$99.46. The company has a current ratio of 1.34, a quick ratio of 1.49 and a debt-to-equity ratio of 105.14. The stock has a market capitalization of C$2.99 billion, a price-to-earnings ratio of 49.39 and a beta of 0.78. The firm has a 50 day moving average of C$91.31 and a two-hundred day moving average of C$78.53.

Badger Infrastructure Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were paid a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Tuesday, June 30th. Badger Infrastructure Solutions's dividend payout ratio is presently 30.49%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Canadian Imperial Bank of Commerce increased their target price on Badger Infrastructure Solutions from C$85.00 to C$104.00 and gave the company an "outperformer" rating in a research report on Wednesday, July 8th. Stifel Nicolaus upped their price objective on Badger Infrastructure Solutions from C$82.00 to C$94.00 and gave the company a "buy" rating in a research note on Monday, May 4th. National Bank Financial raised their price objective on shares of Badger Infrastructure Solutions from C$74.00 to C$103.00 and gave the company an "outperform" rating in a report on Monday, July 13th. Canaccord Genuity Group lifted their target price on shares of Badger Infrastructure Solutions from C$90.00 to C$112.00 and gave the stock a "buy" rating in a research report on Friday, June 26th. Finally, Raymond James Financial boosted their target price on shares of Badger Infrastructure Solutions from C$98.00 to C$105.00 and gave the stock an "outperform" rating in a report on Friday, July 31st. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$94.75.

Badger Infrastructure Solutions Company Profile

Badger Infrastructure Solutions Ltd is North America's provider of non-destructive excavating services. Its key technology is the Badger Hydrovac, which is used primarily for safe excavation around critical infrastructure and in congested underground conditions. The Badger Hydrovac uses a pressurized water stream to liquefy the soil cover, which is then removed with a powerful vacuum system and deposited into a storage tank. The company manufactures and designs its truck-mounted hydrovac units, giving an opportunity to incorporate feedback from its hydrovac operators into its existing and future design and manufacturing processes.

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