Bird Construction (TSE:BDT) Share Price Passes Above 200 Day Moving Average of $14.46

Bird Construction Inc. (TSE:BDT)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$14.46 and traded as high as C$19.03. Bird Construction shares last traded at C$18.62, with a volume of 76,983 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. TD Securities boosted their price objective on shares of Bird Construction from C$17.00 to C$22.00 and gave the company a “buy” rating in a research report on Friday, March 8th. Raymond James boosted their price objective on shares of Bird Construction from C$18.50 to C$20.50 and gave the company an “outperform” rating in a research report on Wednesday, March 6th. National Bank Financial downgraded shares of Bird Construction from an “outperform market weight” rating to a “sector perform market weight” rating in a research report on Wednesday, January 3rd. Canaccord Genuity Group upped their target price on shares of Bird Construction from C$16.00 to C$21.00 and gave the stock a “neutral” rating in a research report on Thursday, March 7th. Finally, ATB Capital upped their target price on shares of Bird Construction from C$16.50 to C$23.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$20.06.

Bird Construction Stock Up 0.4 %

The company has a current ratio of 1.26, a quick ratio of 1.20 and a debt-to-equity ratio of 46.93. The firm has a market cap of C$1.00 billion, a P/E ratio of 14.00, a PEG ratio of 0.53 and a beta of 1.21. The company’s 50 day simple moving average is C$17.77 and its 200-day simple moving average is C$14.46.

Bird Construction (TSE:BDT) last posted its earnings results on Tuesday, March 5th. The company reported C$0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.40 by C$0.05. The business had revenue of C$792.07 million for the quarter, compared to analysts’ expectations of C$722.63 million. Bird Construction had a net margin of 2.56% and a return on equity of 24.03%. Research analysts forecast that Bird Construction Inc. will post 1.7851782 earnings per share for the current fiscal year.

Bird Construction Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 17th will be paid a dividend of $0.0467 per share. The ex-dividend date is Monday, April 29th. This represents a $0.56 annualized dividend and a yield of 3.01%. This is a boost from Bird Construction’s previous monthly dividend of $0.04. Bird Construction’s dividend payout ratio is currently 42.11%.

Bird Construction Company Profile

Bird Construction Inc provides construction services in Canada. The company primarily focuses on projects in the industrial, and institutional, and infrastructure markets. It constructs large, complex industrial buildings, including manufacturing, processing, distribution, and warehouse facilities; and provides electrical and instrumentation, high voltage testing and commissioning services, as well as power line construction, structural, mechanical, and piping, including off-site metal and modular fabrication.