Bird Construction (TSE:BDT) Shares Pass Above 200-Day Moving Average - Should You Sell?

Bird Construction Inc. (TSE:BDT - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$23.69 and traded as high as C$31.38. Bird Construction shares last traded at C$30.77, with a volume of 118,579 shares trading hands.

Analysts Set New Price Targets

BDT has been the subject of several research analyst reports. National Bankshares raised their price target on Bird Construction from C$23.00 to C$28.00 in a research report on Thursday, October 10th. ATB Capital raised their target price on Bird Construction from C$33.00 to C$35.00 in a report on Thursday, October 10th. TD Securities boosted their price target on shares of Bird Construction from C$31.00 to C$36.00 in a research note on Thursday, October 10th. Cibc World Mkts raised shares of Bird Construction to a "hold" rating in a research note on Friday, August 9th. Finally, Raymond James upped their target price on shares of Bird Construction from C$30.00 to C$35.00 in a research note on Thursday, October 10th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$31.88.

Bird Construction Price Performance

The stock has a market capitalization of C$1.70 billion, a price-to-earnings ratio of 19.72, a price-to-earnings-growth 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. The company's 50 day moving average is C$25.11 and its 200 day moving average is C$23.69.

Bird Construction (TSE:BDT - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The company reported C$0.42 EPS for the quarter, topping the consensus estimate of C$0.38 by C$0.04. The company had revenue of C$873.54 million for the quarter, compared to analyst estimates of C$772.65 million. Bird Construction had a return on equity of 26.97% and a net margin of 2.68%. Research analysts anticipate that Bird Construction Inc. will post 2.7598533 EPS for the current fiscal year.

Bird Construction Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 20th will be given a $0.0467 dividend. This represents a $0.56 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend is Thursday, October 31st. Bird Construction's dividend payout ratio (DPR) is presently 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.