Bird Construction (TSE:BDT) Stock Passes Above 200-Day Moving Average – What’s Next?

Shares of Bird Construction Inc. (TSE:BDT) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$28.04 and traded as high as C$29.24. Bird Construction shares last traded at C$28.57, with a volume of 87,196 shares traded.

Analyst Ratings Changes

BDT has been the topic of a number of research analyst reports. Raymond James Financial increased their price target on shares of Bird Construction from C$35.00 to C$37.00 in a report on Wednesday, October 15th. National Bankshares upped their price objective on Bird Construction from C$28.00 to C$34.00 and gave the stock an “outperform” rating in a report on Wednesday, September 24th. TD Securities lifted their target price on shares of Bird Construction from C$32.00 to C$36.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. Stifel Nicolaus boosted their price objective on Bird Construction from C$36.00 to C$41.00 and gave the company a “buy” rating in a research report on Monday, October 6th. Finally, BMO Capital Markets dropped their target price on shares of Bird Construction from C$37.00 to C$34.00 in a report on Thursday, November 13th. Two equities research analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$35.88.

Bird Construction Stock Down 1.9%

The company has a market capitalization of C$1.58 billion, a PE ratio of 16.81, a P/E/G ratio of 0.53 and a beta of 0.51. The company has a debt-to-equity ratio of 74.70, a quick ratio of 1.20 and a current ratio of 1.25. The company’s 50-day moving average is C$28.06 and its 200 day moving average is C$28.04.

Bird Construction (TSE:BDT) last posted its earnings results on Wednesday, November 12th. The company reported C$0.57 EPS for the quarter. Bird Construction had a return on equity of 26.11% and a net margin of 2.81%.The business had revenue of C$951.43 million during the quarter. As a group, analysts anticipate that Bird Construction Inc. will post 2.7598533 EPS for the current year.

Bird Construction Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 19th were issued a $0.07 dividend. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Friday, November 28th. Bird Construction’s dividend payout ratio (DPR) is currently 48.04%.

Insiders Place Their Bets

In other news, insider Wayne Richard Gingrich bought 4,000 shares of the stock in a transaction that occurred on Friday, November 14th. The shares were bought at an average price of C$25.39 per share, for a total transaction of C$101,560.00. Following the purchase, the insider owned 8,000 shares in the company, valued at C$203,120. This represents a 100.00% increase in their ownership of the stock. Insiders have purchased a total of 8,300 shares of company stock worth $210,360 over the last quarter. 3.03% of the stock is owned by insiders.

Bird Construction Company Profile

Bird Construction Inc operates as a general contractor in the Canadian construction market. The company focuses primarily on projects in the industrial, commercial and institutional sectors of the general contracting industry. It provides construction services such as new construction for industrial, commercial, and institutional markets; industrial maintenance, repair and operations (MRO) services, heavy civil construction and contract surface mining; as well as vertical infrastructure including, electrical, mechanical, and specialty trades.