Key Points
- Insider sale: Director Lorin Brass sold 1,000 shares on March 23 at an average price of $45.00 for $45,000, reducing their stake by 5.42% to 17,455 shares (≈$785,475); the transaction was disclosed in an SEC Form 4 filing.
- Recent results and dividend: Bristow reported quarterly EPS of $0.61 vs. $0.46 consensus (revenue $377.3M vs. $380.3M estimate) and announced a quarterly dividend of $0.125 per share (annualized $0.50, yield ~1.1%), ex-dividend March 13 and payable March 26.
- Analyst view: Analysts have skewed positive with multiple upgrades and coverage starts, leaving an average rating of "Moderate Buy" and an average price target of $60.00.
Bristow Group Inc. (NYSE:VTOL - Get Free Report) Director Lorin Brass sold 1,000 shares of the business's stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $45.00, for a total value of $45,000.00. Following the sale, the director owned 17,455 shares of the company's stock, valued at approximately $785,475. This trade represents a 5.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.
Bristow Group Price Performance
Shares of Bristow Group stock opened at $45.74 on Thursday. The stock has a market capitalization of $1.34 billion, a P/E ratio of 10.59 and a beta of 1.35. The business has a 50 day simple moving average of $44.52 and a two-hundred day simple moving average of $40.11. Bristow Group Inc. has a 12 month low of $25.11 and a 12 month high of $49.55. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.90 and a quick ratio of 1.54.
Bristow Group (NYSE:VTOL - Get Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.46 by $0.15. Bristow Group had a return on equity of 12.87% and a net margin of 8.66%.The firm had revenue of $377.26 million for the quarter, compared to analyst estimates of $380.33 million.
Bristow Group Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Friday, March 13th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, March 13th. Bristow Group's payout ratio is 11.57%.
Analyst Ratings Changes
A number of equities research analysts have recently commented on VTOL shares. Zacks Research upgraded shares of Bristow Group to a "hold" rating in a research report on Thursday, February 19th. JonesTrading started coverage on shares of Bristow Group in a research report on Friday, January 23rd. They set a "buy" rating on the stock. Wall Street Zen raised shares of Bristow Group from a "hold" rating to a "buy" rating in a research note on Sunday, March 8th. Raymond James Financial started coverage on shares of Bristow Group in a report on Tuesday, February 17th. They issued an "outperform" rating and a $60.00 price objective for the company. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Bristow Group in a research note on Wednesday, January 21st. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $60.00.
View Our Latest Research Report on Bristow Group
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the stock. Kestrel Investment Management Corp purchased a new stake in Bristow Group during the 3rd quarter worth approximately $4,876,000. American Century Companies Inc. increased its position in shares of Bristow Group by 11.2% during the third quarter. American Century Companies Inc. now owns 833,992 shares of the company's stock worth $30,090,000 after acquiring an additional 84,318 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Bristow Group during the third quarter worth $3,540,000. 683 Capital Management LLC acquired a new stake in shares of Bristow Group in the second quarter valued at $2,906,000. Finally, CenterBook Partners LP raised its stake in shares of Bristow Group by 149.9% in the third quarter. CenterBook Partners LP now owns 93,894 shares of the company's stock valued at $3,388,000 after acquiring an additional 56,314 shares in the last quarter. Institutional investors and hedge funds own 93.29% of the company's stock.
About Bristow Group
(
Get Free Report)
Bristow Group Inc is a global provider of helicopter services to the offshore energy industry and search-and-rescue (SAR) operations worldwide. The company specializes in the safe and efficient transport of personnel, equipment and supplies to offshore oil and gas platforms, as well as emergency response and medevac services. Bristow's operations support exploration, production and decommissioning activities, helping energy companies maintain continuity of production in some of the world's most challenging environments.
The company maintains a diverse fleet of turbine-powered helicopters, including medium- and heavy-lift aircraft such as the Sikorsky S-92, Airbus H225 (formerly EC225) and Leonardo AW189.
Further Reading
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