Bird Construction (TSE:BDT) Stock Crosses Above 200-Day Moving Average of $14.81

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$14.81 and traded as high as C$19.19. Bird Construction shares last traded at C$18.98, with a volume of 77,312 shares trading hands.

Analyst Upgrades and Downgrades

BDT has been the topic of several research analyst reports. 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 upped their price target on Bird Construction from C$17.00 to C$22.00 and gave the stock a “buy” rating in a research note on Friday, March 8th. National Bankshares upped their price target on Bird Construction from C$15.00 to C$18.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 7th. Raymond James upped their price target on Bird Construction from C$18.50 to C$20.50 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. Finally, Stifel Nicolaus upped their price target on Bird Construction from C$18.50 to C$24.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Three equities 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 presently has a consensus rating of “Moderate Buy” and an average target price of C$20.06.

Bird Construction Stock Performance

The stock has a market capitalization of C$1.02 billion, a P/E ratio of 14.27, a P/E/G ratio of 0.53 and a beta of 1.21. The company has a quick ratio of 1.20, a current ratio of 1.26 and a debt-to-equity ratio of 46.93. The business has a fifty day moving average price of C$18.15 and a 200-day moving average price of C$14.81.

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

Bird Construction Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 17th will be paid a $0.0467 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.56 annualized dividend and a dividend yield of 2.95%. This is an increase from Bird Construction’s previous monthly dividend of $0.04. Bird Construction’s dividend payout ratio (DPR) is 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.