Bird Construction (TSE:BDT) Stock Crosses Above 200-Day Moving Average of $14.81

Bird Construction Inc. (TSE:BDT) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$14.81 and traded as high as C$19.19. Bird Construction shares last traded at C$18.98, with a volume of 77,312 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on BDT shares. CIBC cut Bird Construction from an “outperform” rating to a “neutral” rating and boosted their target price for the stock from C$17.00 to C$20.00 in a research report on Thursday, March 7th. National Bank Financial lowered Bird Construction from an “outperform market weight” rating to a “sector perform market weight” rating in a research note on Wednesday, January 3rd. TD Securities boosted their price target on Bird Construction from C$17.00 to C$22.00 and gave the stock a “buy” rating in a research note on Friday, March 8th. Stifel Nicolaus boosted their price target on Bird Construction from C$18.50 to C$24.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Finally, National Bankshares boosted their price target on Bird Construction from C$15.00 to C$18.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 7th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$20.06.

Bird Construction Trading Up 0.3 %

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 business has a 50 day moving average of C$18.15 and a 200-day moving average of C$14.81. The stock has a market cap of C$1.02 billion, a PE ratio of 14.27, a price-to-earnings-growth ratio of 0.53 and a beta of 1.21.

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

Bird Construction Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 17th will be issued a $0.0467 dividend. This is an increase from Bird Construction’s previous monthly dividend of $0.04. This represents a $0.56 annualized dividend and a yield of 2.95%. The ex-dividend date of this dividend is Monday, April 29th. Bird Construction’s dividend payout ratio is currently 42.11%.

About Bird Construction

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.