Bird Construction (TSE:BDT) Stock Crosses Above 200-Day Moving Average of $22.17

Bird Construction Inc. (TSE:BDT) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$22.17 and traded as high as C$22.89. Bird Construction shares last traded at C$22.50, with a volume of 1,523,020 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. National Bankshares lifted their target price on shares of Bird Construction from C$21.00 to C$23.00 and gave the company a “sector perform” rating in a report on Tuesday, June 11th. BMO Capital Markets boosted their price objective on Bird Construction from C$29.00 to C$30.00 in a research note on Tuesday, July 16th. Cibc World Mkts upgraded Bird Construction to a “hold” rating in a research note on Friday, August 9th. ATB Capital boosted their price target on Bird Construction from C$29.00 to C$33.00 in a research report on Friday, August 9th. Finally, TD Securities upped their price target on Bird Construction from C$30.00 to C$31.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$27.75.

Bird Construction Stock Down 1.1 %

The firm has a fifty day simple moving average of C$23.83 and a 200-day simple moving average of C$22.17. The company has a market capitalization of C$1.25 billion, a PE ratio of 14.42, a P/E/G ratio of 0.53 and a beta of 1.05. The company has a debt-to-equity ratio of 70.40, a quick ratio of 1.20 and a current ratio of 1.25.

Bird Construction (TSE:BDT) last issued its quarterly earnings results on Wednesday, August 7th. The company reported C$0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.38 by C$0.04. The business had revenue of C$873.54 million during the quarter, compared to analyst estimates of C$772.65 million. Bird Construction had a net margin of 2.68% and a return on equity of 26.97%. Equities research analysts anticipate that Bird Construction Inc. will post 2.6178195 EPS for the current fiscal year.

Bird Construction Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 30th were paid a $0.047 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date was Friday, August 30th. This is a positive change from Bird Construction’s previous monthly dividend of $0.05. Bird Construction’s dividend payout ratio is 35.90%.

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.