Insider Selling: Bird Construction Inc. (TSE:BDT) Senior Officer 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 stock was sold at an average price of C$28.72, for a total transaction of C$24,412.00.

Bird Construction Price Performance

Shares of BDT stock traded up C$0.84 during trading hours on Thursday, hitting C$28.84. 239,183 shares of the company’s stock were exchanged, compared to its average volume of 148,429. Bird Construction Inc. has a 52 week low of C$11.64 and a 52 week high of C$32.67. The stock has a market cap of C$1.60 billion, a price-to-earnings ratio of 18.49, a price-to-earnings-growth ratio of 0.53 and a beta of 1.05. The company has a debt-to-equity ratio of 70.40, a current ratio of 1.25 and a quick ratio of 1.20. The stock’s 50-day moving average is C$26.58 and its 200-day moving average is C$24.67.

Bird Construction (TSE:BDT) last released its earnings results on Tuesday, November 5th. The company reported C$0.69 EPS for the quarter, beating the consensus estimate of C$0.67 by C$0.02. The company had revenue of C$898.94 million during the quarter, compared to analysts’ expectations of C$961.37 million. Bird Construction had a return on equity of 26.97% and a net margin of 2.68%. As a group, research analysts forecast that Bird Construction Inc. will post 2.7598533 EPS for the current year.

Bird Construction Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 20th will be paid a dividend of $0.07 per share. This is a positive change from Bird Construction’s previous monthly dividend of $0.05. The ex-dividend date is Friday, November 29th. This represents a $0.84 annualized dividend and a yield of 2.91%. Bird Construction’s dividend payout ratio (DPR) is presently 53.85%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BDT. National Bankshares lifted their target price on shares of Bird Construction from C$23.00 to C$28.00 in a research report on Thursday, October 10th. TD Securities lifted their price objective on Bird Construction from C$31.00 to C$36.00 in a report on Thursday, October 10th. CIBC dropped their target price on Bird Construction from C$31.00 to C$29.50 in a report on Thursday, November 7th. Raymond James boosted their price target on Bird Construction from C$30.00 to C$35.00 in a research note on Thursday, October 10th. Finally, ATB Capital increased their price objective on Bird Construction from C$33.00 to C$35.00 in a research note on Thursday, October 10th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$32.44.

Bird Construction Company Profile

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.