Bird Construction Inc. (TSE:BDT) Senior Officer Gilles Gerald Royer Sells 850 Shares of Stock

Bird Construction Inc. (TSE:BDT) Senior Officer Gilles Gerald Royer sold 850 shares of Bird Construction stock in a transaction on Thursday, November 14th. The shares were sold at an average price of C$28.72, for a total value of C$24,412.00.

Bird Construction Stock Down 0.9 %

Shares of BDT traded down C$0.26 during midday trading on Friday, hitting C$28.58. The company had a trading volume of 25,458 shares, compared to its average volume of 147,875. The stock has a market cap of C$1.58 billion, a price-to-earnings ratio of 18.49, a PEG ratio of 0.53 and a beta of 1.05. The company’s 50 day moving average price is C$26.70 and its 200 day moving average price is C$24.74. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 70.40. Bird Construction Inc. has a 52 week low of C$11.64 and a 52 week high of C$32.67.

Bird Construction (TSE:BDT) last announced its quarterly earnings data on Tuesday, November 5th. The company reported C$0.69 earnings per share for the quarter, beating the consensus estimate of C$0.67 by C$0.02. Bird Construction had a return on equity of 26.97% and a net margin of 2.68%. The firm had revenue of C$898.94 million during the quarter, compared to analyst estimates of C$961.37 million. On average, equities research analysts predict that Bird Construction Inc. will post 2.7598533 EPS for the current year.

Bird Construction Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 20th will be given a dividend of $0.07 per share. This is a positive change from Bird Construction’s previous monthly dividend of $0.05. This represents a $0.84 annualized dividend and a dividend yield of 2.94%. The ex-dividend date is Friday, November 29th. Bird Construction’s dividend payout ratio is currently 53.85%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. BMO Capital Markets lifted their price objective on Bird Construction from C$30.00 to C$35.00 in a research note on Thursday, October 10th. Cibc World Mkts raised shares of Bird Construction to a “hold” rating in a research report on Friday, August 9th. ATB Capital increased their price objective on shares of Bird Construction from C$33.00 to C$35.00 in a research report on Thursday, October 10th. Raymond James raised their target price on shares of Bird Construction from C$30.00 to C$35.00 in a research note on Thursday, October 10th. Finally, TD Securities upped their price target on shares of Bird Construction from C$31.00 to C$36.00 in a research report on Thursday, October 10th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$32.44.

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.