President Terrance McKibbon Just Bought 35% More Shares In Bird Construction Inc. (TSE:BDT)

By
Simply Wall St
Published
May 16, 2022
TSX:BDT
Source: Shutterstock

Investors who take an interest in Bird Construction Inc. (TSE:BDT) should definitely note that the President, Terrance McKibbon, recently paid CA$7.82 per share to buy CA$391k worth of the stock. That's a very decent purchase to our minds and it grew their holding by a solid 35%.

Check out our latest analysis for Bird Construction

Bird Construction Insider Transactions Over The Last Year

In fact, the recent purchase by Terrance McKibbon was the biggest purchase of Bird Construction shares made by an insider individual in the last twelve months, according to our records. That means that even when the share price was higher than CA$7.90 (the recent price), an insider wanted to purchase shares. Their view may have changed since then, but at least it shows they felt optimistic at the time. In our view, the price an insider pays for shares is very important. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. The only individual insider to buy over the last year was Terrance McKibbon.

The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

insider-trading-volume
TSX:BDT Insider Trading Volume May 16th 2022

Bird Construction is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Insider Ownership of Bird Construction

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. From our data, it seems that Bird Construction insiders own 2.3% of the company, worth about CA$9.7m. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!

What Might The Insider Transactions At Bird Construction Tell Us?

The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Bird Construction insiders are expecting a bright future. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. You'd be interested to know, that we found 1 warning sign for Bird Construction and we suggest you have a look.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

Discounted cash flow calculation for every stock

Simply Wall St does a detailed discounted cash flow calculation every 6 hours for every stock on the market, so if you want to find the intrinsic value of any company just search here. It’s FREE.

Make Confident Investment Decisions

Simply Wall St's Editorial Team provides unbiased, factual reporting on global stocks using in-depth fundamental analysis.
Find out more about our editorial guidelines and team.