Bird Construction (TSE:BDT) Share Price Crosses Above 200-Day Moving Average - Here's What Happened

Key Points

• Bird Construction's stock price has recently crossed above its 200-day moving average, trading at C$29.81, above the average of C$24.75.
• Analyst ratings show mixed sentiment, with one strong buy, three buy ratings, and one hold, while the average price target is set at C$32.44.
• Bird Construction declared a monthly dividend of $0.07, reflecting an annualized yield of 2.8%, with the ex-dividend date on July 31st.

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$24.75 and traded as high as C$29.99. Bird Construction shares last traded at C$29.81, with a volume of 98,562 shares traded.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BDT. Raymond James Financial cut shares of Bird Construction from a "strong-buy" rating to a "moderate buy" rating in a research report on Thursday, July 17th. TD Securities boosted their price target on Bird Construction from C$26.00 to C$31.00 in a report on Thursday, May 22nd. Stifel Nicolaus dropped their price objective on Bird Construction from C$37.00 to C$34.00 and set a "buy" rating for the company in a report on Friday. CIBC lifted their target price on shares of Bird Construction from C$31.00 to C$31.50 in a research note on Thursday, May 22nd. Finally, National Bankshares reduced their price target on Bird Construction from C$28.00 to C$26.00 and set an "outperform" rating on the stock in a research note on Friday. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of C$32.19.

Bird Construction Stock Down 3.7%

The company's 50-day moving average is C$28.61 and its 200 day moving average is C$24.83. The company has a market capitalization of C$1.37 billion, a PE ratio of 14.84, a P/E/G ratio of 0.53 and a beta of 1.05. 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 Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, August 20th. Investors of record on Wednesday, August 20th will be given a dividend of $0.07 per share. This represents a c) annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Thursday, July 31st. Bird Construction's dividend payout ratio is 50.87%.

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.