Bird Construction (TSE:BDT) Stock Price Passes Above Two Hundred Day Moving Average of $18.23

Bird Construction Inc. (TSE:BDT) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$18.23 and traded as high as C$26.07. Bird Construction shares last traded at C$25.87, with a volume of 136,512 shares.

Analyst Ratings Changes

A number of research firms have recently weighed in on BDT. Canaccord Genuity Group boosted their target price on Bird Construction from C$21.00 to C$23.00 and gave the company a “buy” rating in a research note on Wednesday, May 15th. TD Securities raised their target price on shares of Bird Construction from C$25.00 to C$30.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. 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. Raymond James increased their price target on shares of Bird Construction from C$20.50 to C$25.00 and gave the company an “outperform” rating in a research report on Thursday, May 16th. Finally, ATB Capital boosted their price objective on shares of Bird Construction from C$25.00 to C$29.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Bird Construction has an average rating of “Moderate Buy” and a consensus price target of C$26.78.

Bird Construction Price Performance

The stock has a market capitalization of C$1.43 billion, a P/E ratio of 19.89, a price-to-earnings-growth ratio of 0.53 and a beta of 1.22. The company has a debt-to-equity ratio of 46.93, a current ratio of 1.26 and a quick ratio of 1.20. The business’s 50 day moving average price is C$21.89 and its 200 day moving average price is C$18.28.

Bird Construction (TSE:BDT) last posted its earnings results on Tuesday, May 14th. The company reported C$0.20 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.17 by C$0.03. The company had revenue of C$688.20 million for the quarter, compared to the consensus estimate of C$594.63 million. Bird Construction had a return on equity of 24.03% and a net margin of 2.56%. Sell-side analysts forecast that Bird Construction Inc. will post 1.8404534 EPS for the current year.

Bird Construction Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, June 20th. Investors of record on Friday, May 31st were issued a $0.047 dividend. This is a boost from Bird Construction’s previous monthly dividend of $0.05. This represents a $0.56 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend was Friday, May 31st. Bird Construction’s dividend payout ratio (DPR) is currently 42.11%.

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.