Bird Construction (TSE:BDT) Stock Crosses Above 200 Day Moving Average of $14.46

Bird Construction Inc. (TSE:BDT) passed 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 trading hands.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. National Bank Financial cut 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 increased their price objective on Bird Construction from C$17.00 to C$22.00 and gave the company a “buy” rating in a research note on Friday, March 8th. Stifel Nicolaus increased their price objective on Bird Construction from C$18.50 to C$24.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. National Bankshares increased their price objective on Bird Construction from C$15.00 to C$18.00 and gave the company a “sector perform” rating in a research note on Thursday, March 7th. Finally, ATB Capital increased their target price on Bird Construction from C$16.50 to C$23.00 and gave the company an “outperform” rating in a report on Thursday, March 7th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Bird Construction currently has an average rating of “Moderate Buy” and a consensus price target of C$20.06.

Bird Construction Stock Down 0.5 %

The stock has a market cap of C$984.03 million, a PE ratio of 13.73, a price-to-earnings-growth ratio of 0.53 and a beta of 1.21. The firm has a fifty day moving average of C$17.90 and a 200 day moving average of C$14.54. The company has a quick ratio of 1.20, a current ratio of 1.26 and a debt-to-equity ratio of 46.93.

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

Bird Construction Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 17th will be issued a dividend of $0.0467 per share. This is a positive change from Bird Construction’s previous monthly dividend of $0.04. The ex-dividend date is Monday, April 29th. This represents a $0.56 annualized dividend and a dividend yield of 3.07%. Bird Construction’s dividend payout ratio (DPR) is presently 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.