Bird Construction (TSE:BDT) Shares Pass Above 200 Day Moving Average of $21.99

Bird Construction Inc. (TSE:BDT) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$21.99 and traded as high as C$22.46. Bird Construction shares last traded at C$22.33, with a volume of 127,371 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on BDT shares. National Bankshares lifted their target price on shares of Bird Construction from C$21.00 to C$23.00 and gave the stock a “sector perform” rating in a research note on Tuesday, June 11th. TD Securities boosted their price objective on Bird Construction from C$30.00 to C$31.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. Raymond James raised their target price on Bird Construction from C$20.50 to C$25.00 and gave the stock an “outperform” rating in a research note on Thursday, May 16th. BMO Capital Markets boosted their price target on Bird Construction from C$29.00 to C$30.00 in a research note on Tuesday, July 16th. Finally, CIBC increased their price target on Bird Construction from C$25.50 to C$26.00 in a report on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Bird Construction presently has a consensus rating of “Moderate Buy” and an average price target of C$27.75.

Bird Construction Trading Down 0.9 %

The company has a current ratio of 1.25, a quick ratio of 1.20 and a debt-to-equity ratio of 70.40. The firm’s 50-day moving average is C$24.15 and its 200-day moving average is C$22.02. The firm has a market cap of C$1.22 billion, a price-to-earnings ratio of 14.10, a P/E/G ratio of 0.53 and a beta of 1.05.

Bird Construction (TSE:BDT) last posted its earnings results on Wednesday, August 7th. The company reported C$0.42 EPS for the quarter, topping the consensus estimate of C$0.38 by C$0.04. The company had revenue of C$873.54 million during the quarter, compared to the consensus estimate of C$772.65 million. Bird Construction had a net margin of 2.68% and a return on equity of 26.97%. As a group, sell-side analysts anticipate that Bird Construction Inc. will post 2.6178195 EPS for the current fiscal year.

Bird Construction Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, August 30th will be issued a dividend of $0.047 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.56 annualized dividend and a yield of 2.56%. This is an increase from Bird Construction’s previous monthly dividend of $0.05. Bird Construction’s dividend payout ratio is 35.90%.

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.