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 the company’s 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 Price Performance

Shares of BDT opened at C$28.70 on Friday. The firm has a market capitalization of C$1.59 billion, a PE ratio of 18.40, 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 company’s fifty day moving average price is C$26.83 and its 200-day moving average price is C$24.81. Bird Construction Inc. has a 1-year low of C$11.64 and a 1-year 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 EPS for the quarter, beating the consensus estimate of C$0.67 by C$0.02. The business had revenue of C$898.94 million during the quarter, compared to analysts’ expectations of C$961.37 million. Bird Construction had a net margin of 2.68% and a return on equity of 26.97%. 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 announced a monthly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 20th will be issued a dividend of $0.07 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.93%. This is a positive change from Bird Construction’s previous monthly dividend of $0.05. The ex-dividend date of this dividend is Friday, November 29th. Bird Construction’s payout ratio is 53.85%.

Wall Street Analysts Forecast Growth

BDT has been the topic of a number of research analyst reports. Cibc World Mkts upgraded shares of Bird Construction to a “hold” rating in a report on Friday, August 9th. Stifel Nicolaus boosted their price objective on shares of Bird Construction from C$37.00 to C$38.00 in a research note on Thursday, November 7th. CIBC dropped their target price on Bird Construction from C$31.00 to C$29.50 in a research report on Thursday, November 7th. ATB Capital boosted their price target on Bird Construction from C$33.00 to C$35.00 in a research report on Thursday, October 10th. Finally, TD Securities raised their price objective on Bird Construction from C$31.00 to C$36.00 in a research report on Thursday, October 10th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently 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.