Bird Construction Inc. (TSE:BDT) Senior Officer Sells C$24,412.00 in Stock

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

Bird Construction Trading Down 0.5 %

Bird Construction stock opened at C$28.70 on Friday. The stock’s 50 day simple moving average is C$26.83 and its two-hundred day simple moving average is C$24.81. Bird Construction Inc. has a 12 month low of C$11.64 and a 12 month high of C$32.67. The firm has a market cap of C$1.59 billion, a PE ratio of 18.40, a P/E/G ratio of 0.53 and a beta of 1.05. The company has a current ratio of 1.25, a quick ratio of 1.20 and a debt-to-equity ratio of 70.40.

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

Bird Construction Increases Dividend

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on BDT shares. Raymond James upped their target price on Bird Construction from C$30.00 to C$35.00 in a research report on Thursday, October 10th. Cibc World Mkts raised Bird Construction to a “hold” rating in a report on Friday, August 9th. Stifel Nicolaus lifted their target price on Bird Construction from C$37.00 to C$38.00 in a report on Thursday, November 7th. National Bankshares increased their price target on shares of Bird Construction from C$23.00 to C$28.00 in a report on Thursday, October 10th. Finally, ATB Capital lifted their price objective on shares of Bird Construction from C$33.00 to C$35.00 in a research note on Thursday, October 10th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$32.44.

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.