Bird Construction (TSE:BDT) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Bird Construction Inc. (TSE:BDT) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$28.22 and traded as high as C$30.87. Bird Construction shares last traded at C$30.67, with a volume of 187,292 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BDT. Raymond James Financial set a C$34.00 price objective on Bird Construction and gave the stock an “outperform” rating in a report on Tuesday, January 20th. ATB Capital boosted their target price on Bird Construction from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. CIBC reduced their price target on shares of Bird Construction from C$37.00 to C$36.00 in a research report on Friday, November 14th. BMO Capital Markets lowered their price objective on shares of Bird Construction from C$37.00 to C$34.00 in a report on Thursday, November 13th. Finally, TD Securities upped their price objective on shares of Bird Construction from C$32.00 to C$36.00 and gave the company a “buy” rating in a research note on Monday, October 27th. Two equities research analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the stock. According to MarketBeat, Bird Construction has a consensus rating of “Buy” and a consensus price target of C$35.50.

Bird Construction Stock Up 1.7%

The company has a market capitalization of C$1.70 billion, a P/E ratio of 18.04, a price-to-earnings-growth ratio of 0.53 and a beta of 0.63. The company has a current ratio of 1.25, a quick ratio of 1.20 and a debt-to-equity ratio of 74.70. The stock’s fifty day moving average is C$28.88 and its 200 day moving average is C$28.22.

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

Bird Construction Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 19th were issued a $0.07 dividend. The ex-dividend date was Friday, November 28th. This represents a c) annualized dividend and a yield of 2.7%. Bird Construction’s dividend payout ratio (DPR) is 48.04%.

Insider Buying and Selling at Bird Construction

In other Bird Construction news, insider Wayne Richard Gingrich bought 1,100 shares of Bird Construction stock in a transaction dated Monday, November 17th. The shares were purchased at an average cost of C$25.26 per share, with a total value of C$27,786.00. Following the completion of the purchase, the insider owned 14,000 shares of the company’s stock, valued at approximately C$353,640. This represents a 8.53% increase in their ownership of the stock. In the last 90 days, insiders purchased 8,300 shares of company stock valued at $210,360. 3.03% of the stock is currently owned by company 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.