Bird Construction (TSE:BDT) Stock Crosses Above 200 Day Moving Average of $14.46

Bird Construction Inc. (TSE:BDT)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$14.46 and traded as high as C$19.03. Bird Construction shares last traded at C$18.62, with a volume of 76,983 shares trading hands.

Wall Street Analyst Weigh In

BDT has been the subject of a number of recent research reports. CIBC cut Bird Construction from an “outperform” rating to a “neutral” rating and lifted their price objective for the company from C$17.00 to C$20.00 in a research note on Thursday, March 7th. Canaccord Genuity Group boosted their price target on Bird Construction from C$16.00 to C$21.00 and gave the stock a “neutral” rating in a research note on Thursday, March 7th. TD Securities boosted 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 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. Finally, ATB Capital boosted their price target on Bird Construction from C$16.50 to C$23.00 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Bird Construction currently has an average rating of “Moderate Buy” and a consensus target price of C$20.06.

Bird Construction Stock Performance

The company has a market cap of C$984.03 million, a PE ratio of 13.73, a PEG ratio of 0.53 and a beta of 1.21. 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 has a 50-day moving average of C$17.90 and a 200 day moving average of C$14.54.

Bird Construction (TSE:BDT) last posted its quarterly earnings data on Tuesday, March 5th. The company reported C$0.45 EPS 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 during the quarter, compared to analysts’ expectations of C$722.63 million. Equities research analysts anticipate that Bird Construction Inc. will post 1.7851782 EPS for the current fiscal year.

Bird Construction Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 17th will be issued a dividend of $0.0467 per share. This represents a $0.56 annualized dividend and a yield of 3.07%. The ex-dividend date is Monday, April 29th. This is a positive change from Bird Construction’s previous monthly dividend of $0.04. Bird Construction’s payout ratio 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.