Bird Construction Inc. (TSE:BDT) Receives Average Rating of “Buy” from Brokerages

Shares of Bird Construction Inc. (TSE:BDT) have received a consensus recommendation of “Buy” from the eight analysts that are covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$35.50.

BDT has been the topic of a number of research reports. TD Securities boosted 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 report on Monday, October 27th. Stifel Nicolaus raised their target price on Bird Construction from C$36.00 to C$41.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. CIBC decreased their price target on Bird Construction from C$37.00 to C$36.00 in a research note on Friday, November 14th. Raymond James Financial set a C$34.00 price objective on Bird Construction and gave the stock an “outperform” rating in a research note on Tuesday, January 20th. Finally, ATB Capital increased their target price on shares of Bird Construction from C$33.00 to C$34.00 and gave the company an “outperform” rating in a research report on Wednesday, October 29th.

Insiders Place Their Bets

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

Bird Construction Trading Down 2.0%

TSE BDT opened at C$29.64 on Monday. The company has a market cap of C$1.64 billion, a price-to-earnings ratio of 17.44, a price-to-earnings-growth ratio of 0.53 and a beta of 0.63. Bird Construction has a twelve month low of C$17.52 and a twelve month high of C$31.76. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 74.70. The business’s fifty day moving average is C$28.26 and its 200 day moving average is C$28.20.

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

Bird Construction Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 19th were given a dividend of $0.07 per share. The ex-dividend date was Friday, November 28th. This represents a c) annualized dividend and a dividend yield of 2.8%. Bird Construction’s dividend payout ratio is 48.04%.

About Bird Construction

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.