Gilles Gerald Royer Sells 850 Shares of Bird Construction Inc. (TSE:BDT) Stock

Bird Construction Inc. (TSE:BDT) Senior Officer Gilles Gerald Royer sold 850 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of C$28.72, for a total value of C$24,412.00.

Bird Construction Stock Down 0.5 %

Shares of TSE BDT opened at C$28.70 on Friday. The stock has a market capitalization of C$1.59 billion, a price-to-earnings ratio of 18.40, a P/E/G ratio of 0.53 and a beta of 1.05. Bird Construction Inc. has a 12-month low of C$11.64 and a 12-month high of C$32.67. 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 price is C$26.83 and its 200-day moving average price is C$24.81.

Bird Construction (TSE:BDT) last posted its quarterly earnings data on Tuesday, November 5th. The company reported C$0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.67 by C$0.02. The business had revenue of C$898.94 million during the quarter, compared to analyst estimates of C$961.37 million. Bird Construction had a return on equity of 26.97% and a net margin of 2.68%. On average, equities research analysts anticipate that Bird Construction Inc. will post 2.7598533 EPS for the current fiscal year.

Bird Construction Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 20th will be paid a dividend of $0.07 per share. This represents a $0.84 annualized dividend and a yield of 2.93%. This is a positive change from Bird Construction’s previous monthly dividend of $0.05. The ex-dividend date of this dividend is Friday, November 29th. Bird Construction’s payout ratio is presently 53.85%.

Analysts Set New Price Targets

A number of brokerages have issued reports on BDT. Stifel Nicolaus boosted their price objective on shares of Bird Construction from C$37.00 to C$38.00 in a research report on Thursday, November 7th. Cibc World Mkts upgraded Bird Construction to a “hold” rating in a report on Friday, August 9th. BMO Capital Markets upped their price objective on Bird Construction from C$30.00 to C$35.00 in a research report on Thursday, October 10th. CIBC decreased their price objective on Bird Construction from C$31.00 to C$29.50 in a research note on Thursday, November 7th. Finally, TD Securities boosted their price objective on Bird Construction from C$31.00 to C$36.00 in a research report on Thursday, October 10th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$32.44.

About Bird Construction

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.