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

Key Points

• Bird Construction's stock price recently surpassed its 200-day moving average, trading at C$28.75 compared to the average of C$24.35.
• Several brokerages have adjusted their ratings and price targets for Bird Construction, with a consensus rating of "Buy" and a target price of C$32.44.
• The company declared a monthly dividend of $0.07 per share, representing an annualized yield of 2.92% and a payout ratio of 50.87%.

Bird Construction Inc. (TSE:BDT - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$24.35 and traded as high as C$28.93. Bird Construction shares last traded at C$28.75, with a volume of 103,229 shares traded.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BDT. Stifel Nicolaus reduced their price objective on Bird Construction from C$34.50 to C$34.00 and set a "buy" rating for the company in a research note on Thursday, May 22nd. BMO Capital Markets upped their price objective on shares of Bird Construction from C$28.00 to C$30.00 in a report on Thursday, May 22nd. 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. CIBC boosted their price target on Bird Construction from C$31.00 to C$31.50 in a research note on Thursday, May 22nd. Finally, National Bankshares lowered their target price on shares of Bird Construction from C$30.00 to C$28.00 and set a "sector perform" rating for the company in a research note on Thursday, May 22nd. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and an average price target of C$32.44.

Bird Construction Trading Down 1.2%

The stock has a 50-day moving average price of C$28.14 and a two-hundred day moving average price of C$24.38. The company has a debt-to-equity ratio of 74.70, a current ratio of 1.25 and a quick ratio of 1.20. The stock has a market cap of C$1.58 billion, a PE ratio of 17.14, a price-to-earnings-growth ratio of 0.53 and a beta of 1.05.

Bird Construction Announces Dividend

The business 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. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.97%. Bird Construction's payout ratio is currently 50.87%.

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.