Bird Construction (TSE:BDT) Shares Pass Above 200 Day Moving Average – Here’s What Happened
by Renee Jackson · The Cerbat GemBird Construction Inc. (TSE:BDT – Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$28.04 and traded as high as C$29.24. Bird Construction shares last traded at C$28.57, with a volume of 87,196 shares changing hands.
Wall Street Analyst Weigh In
BDT has been the topic of several research reports. ATB Capital boosted their price target on shares of Bird Construction from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. Stifel Nicolaus upped their price target on shares of Bird Construction from C$36.00 to C$41.00 and gave the company a “buy” rating in a report on Monday, October 6th. TD Securities lifted their target price on Bird Construction from C$32.00 to C$36.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. Raymond James Financial raised their price objective on Bird Construction from C$35.00 to C$37.00 in a report on Wednesday, October 15th. Finally, National Bankshares boosted their price target on shares of Bird Construction from C$28.00 to C$34.00 and gave the company an “outperform” rating in a report on Wednesday, September 24th. Two analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$35.88.
Check Out Our Latest Report on Bird Construction
Bird Construction Price Performance
The company has a market cap of C$1.58 billion, a PE ratio of 16.78, a price-to-earnings-growth ratio of 0.53 and a beta of 0.51. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 74.70. The firm has a 50 day simple moving average of C$28.03 and a 200-day simple moving average of C$28.04.
Bird Construction (TSE:BDT – Get Free Report) last released its quarterly earnings results on Wednesday, November 12th. The company reported C$0.57 earnings per share for the quarter. The business had revenue of C$951.43 million for the quarter. Bird Construction had a net margin of 2.81% and a return on equity of 26.11%. As a group, research analysts predict that Bird Construction Inc. will post 2.7598533 earnings per share for the current fiscal year.
Bird Construction Dividend Announcement
The firm also recently declared a monthly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 19th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. Bird Construction’s dividend payout ratio is presently 48.04%.
Insider Buying and Selling at Bird Construction
In other Bird Construction news, insider Wayne Richard Gingrich purchased 1,100 shares of the stock in a transaction on Monday, November 17th. The stock was acquired at an average price of C$25.26 per share, with a total value of C$27,786.00. Following the completion of the acquisition, the insider owned 14,000 shares in the company, valued at C$353,640. The trade was a 8.53% increase in their ownership of the stock. Over the last ninety days, insiders acquired 8,300 shares of company stock valued at $210,360. 3.03% of the stock is owned by company insiders.
Bird Construction Company Profile
Bird Construction Inc operates as a general contractor in the Canadian construction market. The company focuses primarily on projects in the industrial, commercial and institutional sectors of the general contracting industry. It provides construction services such as new construction for industrial, commercial, and institutional markets; industrial maintenance, repair and operations (MRO) services, heavy civil construction and contract surface mining; as well as vertical infrastructure including, electrical, mechanical, and specialty trades.