Bird Construction (TSE:BDT) Stock Price Passes Above 200-Day Moving Average - Time to Sell?

Key Points

• Bird Construction shares crossed above the 200-day moving average on Monday, reaching a high of C$28.84, with the last trading price at C$28.76.
• Equities analysts have mixed views, with BMO Capital Markets increasing their target price to C$30.00, while Raymond James downgraded the stock's rating from "strong-buy" to "moderate buy."
• The company recently announced a monthly dividend of $0.07 per share, yielding approximately 2.9% annually, and has a dividend payout ratio of 41.49%.

Bird Construction Inc. (TSE:BDT - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$25.05 and traded as high as C$28.84. Bird Construction shares last traded at C$28.76, with a volume of 285,107 shares.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. National Bankshares raised Bird Construction from a "sector perform" rating to an "outperform" rating and raised their target price for the stock from C$26.00 to C$28.00 in a research report on Thursday, September 4th. ATB Capital upped their price objective on shares of Bird Construction from C$30.00 to C$33.00 and gave the company an "outperform" rating in a report on Friday, September 5th. National Bank Financial raised shares of Bird Construction from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 3rd. TD Securities lifted their price objective on shares of Bird Construction from C$31.00 to C$32.00 and gave the company a "buy" rating in a research note on Friday, September 5th. Finally, Stifel Nicolaus lifted their price objective on shares of Bird Construction from C$34.00 to C$36.00 and gave the company a "buy" rating in a research note on Friday, September 5th. Two equities research analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of C$32.75.

Bird Construction Trading Up 0.8%

The company has a market cap of C$1.58 billion, a P/E ratio of 15.80, a price-to-earnings-growth ratio of 0.53 and a beta of 0.62. The stock has a 50-day moving average of C$27.02 and a two-hundred day moving average of C$25.19. The company has a debt-to-equity ratio of 74.70, a quick ratio of 1.20 and a current ratio of 1.25.

Bird Construction Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Wednesday, August 20th were paid a dividend of $0.07 per share. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date was Thursday, July 31st. Bird Construction's dividend payout ratio (DPR) is currently 41.49%.

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.