Bird Construction (TSE:BDT) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Bird Construction Inc. (TSE:BDT) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$28.11 and traded as high as C$29.89. Bird Construction shares last traded at C$29.69, with a volume of 118,736 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. 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. CIBC lowered their target price on shares of Bird Construction from C$37.00 to C$36.00 in a research note on Friday, November 14th. BMO Capital Markets cut their price target on shares of Bird Construction from C$37.00 to C$34.00 in a research note on Thursday, November 13th. TD Securities lifted their price objective on Bird Construction from C$32.00 to C$36.00 and gave the company a “buy” rating in a report on Monday, October 27th. Finally, Raymond James Financial increased their target price on Bird Construction from C$35.00 to C$37.00 in a report on Wednesday, October 15th. Two equities research analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to MarketBeat.com, Bird Construction currently has an average rating of “Buy” and a consensus price target of C$35.88.

Bird Construction Stock Performance

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 stock has a market capitalization of C$1.66 billion, a price-to-earnings ratio of 17.66, a price-to-earnings-growth ratio of 0.53 and a beta of 0.63. The stock’s 50-day simple moving average is C$27.89 and its 200 day simple moving average is C$28.13.

Bird Construction (TSE:BDT) last posted its quarterly earnings data on Wednesday, November 12th. The company reported C$0.57 earnings per share for the quarter. The company had revenue of C$951.43 million during the quarter. Bird Construction had a net margin of 2.81% and a return on equity of 26.11%. Analysts expect that Bird Construction Inc. will post 2.7598533 earnings per share for the current fiscal year.

Bird Construction Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 19th were given a $0.07 dividend. The ex-dividend date was Friday, November 28th. This represents a c) annualized dividend and a yield of 2.8%. Bird Construction’s payout ratio is presently 48.04%.

Insider Activity at Bird Construction

In other Bird Construction news, insider Wayne Richard Gingrich bought 1,100 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were bought at an average price of C$25.26 per share, for a total transaction of C$27,786.00. Following the completion of the acquisition, the insider owned 14,000 shares of the company’s stock, valued at approximately C$353,640. This trade represents a 8.53% increase in their ownership of the stock. Insiders acquired a total of 8,300 shares of company stock worth $210,360 in the last quarter. 3.03% of the stock is currently owned by corporate insiders.

About Bird Construction

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.