Bird Construction (TSE:BDT) Share Price Passes Above 200-Day Moving Average of $22.46

Bird Construction Inc. (TSE:BDT) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$22.46 and traded as high as C$24.15. Bird Construction shares last traded at C$23.82, with a volume of 142,605 shares changing hands.

Analyst Upgrades and Downgrades

BDT has been the topic of several research analyst reports. CIBC boosted their price objective on Bird Construction from C$25.50 to C$26.00 in a research report on Friday, August 9th. BMO Capital Markets increased their price target on shares of Bird Construction from C$29.00 to C$30.00 in a research report on Tuesday, July 16th. Cibc World Mkts raised shares of Bird Construction to a “hold” rating in a research report on Friday, August 9th. ATB Capital boosted their target price on shares of Bird Construction from C$29.00 to C$33.00 in a research note on Friday, August 9th. Finally, National Bankshares raised their price target 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. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Bird Construction has an average rating of “Moderate Buy” and an average target price of C$27.75.

Bird Construction Price Performance

The business’s 50 day moving average is C$23.48 and its two-hundred day moving average is C$22.46. The company has a debt-to-equity ratio of 70.40, a quick ratio of 1.20 and a current ratio of 1.25. The firm has a market capitalization of C$1.32 billion, a PE ratio of 15.27, a price-to-earnings-growth ratio of 0.53 and a beta of 1.05.

Bird Construction (TSE:BDT) last released its quarterly earnings data on Wednesday, August 7th. The company reported C$0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.38 by C$0.04. The company had revenue of C$873.54 million for the quarter, compared to analyst estimates of C$772.65 million. Bird Construction had a return on equity of 26.97% and a net margin of 2.68%. Equities research analysts anticipate that Bird Construction Inc. will post 2.6193248 earnings per share for the current fiscal year.

Bird Construction Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 30th were issued a $0.047 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.37%. This is an increase from Bird Construction’s previous monthly dividend of $0.05. The ex-dividend date was Friday, August 30th. Bird Construction’s dividend payout ratio is presently 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.