Bird Construction (TSE:BDT) Shares Cross Below Two Hundred Day Moving Average - Here's What Happened

Bird Construction Inc. (TSE:BDT - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$26.38 and traded as low as C$25.47. Bird Construction shares last traded at C$25.69, with a volume of 103,879 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. ATB Capital lifted their target price on Bird Construction from C$33.00 to C$35.00 in a report on Thursday, October 10th. National Bankshares lifted their price target on Bird Construction from C$23.00 to C$28.00 in a research note on Thursday, October 10th. Stifel Nicolaus upped their price objective on shares of Bird Construction from C$37.00 to C$38.00 in a research note on Thursday, November 7th. TD Securities lifted their target price on shares of Bird Construction from C$31.00 to C$36.00 in a research report on Thursday, October 10th. Finally, Raymond James boosted their price target on shares of Bird Construction from C$30.00 to C$35.00 in a report on Thursday, October 10th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Bird Construction currently has an average rating of "Moderate Buy" and an average target price of C$33.00.

Bird Construction Price Performance

The stock's 50 day moving average price is C$28.92 and its two-hundred day moving average price is C$26.40. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 70.40. The firm has a market capitalization of C$1.44 billion, a price-to-earnings ratio of 16.71, a P/E/G ratio of 0.53 and a beta of 1.05.

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

Bird Construction Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 20th were given a $0.07 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.22%. This is a boost from Bird Construction's previous monthly dividend of $0.05. Bird Construction's payout ratio is currently 53.85%.

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.