Bird Construction (TSE:BDT) Shares Pass Above 200 Day Moving Average of $22.46

Bird Construction Inc. (TSE:BDT - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$22.46 and traded as high as C$24.15. Bird Construction shares last traded at C$23.82, with a volume of 142,605 shares changing hands.

Analyst Ratings Changes

Several analysts recently issued reports on BDT shares. BMO Capital Markets increased their price objective on Bird Construction from C$29.00 to C$30.00 in a report on Tuesday, July 16th. CIBC raised their price target on Bird Construction from C$25.50 to C$26.00 in a research note on Friday, August 9th. National Bankshares boosted their price target on Bird Construction from C$21.00 to C$23.00 and gave the company a "sector perform" rating in a research note on Tuesday, June 11th. Stifel Nicolaus raised their price objective on shares of Bird Construction from C$30.00 to C$31.00 in a research report on Friday, August 9th. Finally, ATB Capital boosted their target price on shares of Bird Construction from C$29.00 to C$33.00 in a research report on Friday, August 9th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$27.75.

Bird Construction Stock Performance

The stock's 50-day moving average price is C$23.48 and its 200 day moving average price is C$22.46. 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 company has a market cap of C$1.35 billion, a P/E ratio of 15.62, a price-to-earnings-growth ratio of 0.53 and a beta of 1.05.

Bird Construction (TSE:BDT - Get Free Report) last released its earnings results on Wednesday, August 7th. The company reported C$0.42 earnings per share for the quarter, topping analysts' consensus estimates of C$0.38 by C$0.04. The firm had revenue of C$873.54 million during the quarter, compared to analyst estimates of C$772.65 million. Bird Construction had a net margin of 2.68% and a return on equity of 26.97%. As a group, research analysts expect that Bird Construction Inc. will post 2.6193248 EPS for the current fiscal year.

Bird Construction Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, September 20th. Investors of record on Friday, August 30th were paid a dividend of $0.047 per share. This is an increase from Bird Construction's previous monthly dividend of $0.05. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.56 annualized dividend and a yield of 2.31%. Bird Construction's dividend payout ratio is presently 35.90%.

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.