Bird Construction (TSE:BDT) Insider Purchases C$101,560.00 in Stock

Bird Construction Inc. (TSE:BDT) insider Wayne Richard Gingrich bought 4,000 shares of the firm’s stock in a transaction on Friday, November 14th. The shares were purchased at an average cost of C$25.39 per share, with a total value of C$101,560.00. Following the transaction, the insider directly owned 8,000 shares in the company, valued at approximately C$203,120. This trade represents a 100.00% increase in their position.

Wayne Richard Gingrich also recently made the following trade(s):

• On Friday, November 14th, Wayne Richard Gingrich purchased 100 shares of Bird Construction stock. The stock was purchased at an average price of C$25.38 per share, for a total transaction of C$2,538.00.
• On Friday, November 14th, Wayne Richard Gingrich acquired 900 shares of Bird Construction stock. The stock was purchased at an average cost of C$25.39 per share, for a total transaction of C$22,851.00.
• On Monday, November 17th, Wayne Richard Gingrich acquired 900 shares of Bird Construction stock. The shares were purchased at an average price of C$25.30 per share, with a total value of C$22,770.00.
• On Monday, November 17th, Wayne Richard Gingrich bought 500 shares of Bird Construction stock. The shares were purchased at an average cost of C$25.28 per share, with a total value of C$12,640.00.
• On Monday, November 17th, Wayne Richard Gingrich bought 400 shares of Bird Construction stock. The stock was purchased at an average price of C$25.27 per share, for a total transaction of C$10,108.00.
• On Monday, November 17th, Wayne Richard Gingrich purchased 100 shares of Bird Construction stock. The shares were purchased at an average cost of C$25.26 per share, for a total transaction of C$2,526.00.
• On Monday, November 17th, Wayne Richard Gingrich purchased 300 shares of Bird Construction stock. The shares were acquired at an average price of C$25.27 per share, with a total value of C$7,581.00.
• On Monday, November 17th, Wayne Richard Gingrich acquired 1,100 shares of Bird Construction stock. The stock was acquired at an average cost of C$25.26 per share, with a total value of C$27,786.00.

Bird Construction Trading Down 2.1%

Shares of TSE:BDT traded down C$0.59 during midday trading on Friday, reaching C$28.12. The company’s stock had a trading volume of 114,679 shares, compared to its average volume of 214,752. The firm has a market capitalization of C$1.56 billion, a price-to-earnings ratio of 16.54, a PEG ratio of 0.53 and a beta of 0.51. The company has a debt-to-equity ratio of 74.70, a quick ratio of 1.20 and a current ratio of 1.25. The firm has a 50 day moving average price of C$28.36 and a two-hundred day moving average price of C$27.90. Bird Construction Inc. has a fifty-two week low of C$17.52 and a fifty-two week high of C$31.76.

Bird Construction (TSE:BDT) last released its earnings results on Wednesday, November 12th. The company reported C$0.57 EPS for the quarter. The business had revenue of C$951.43 million during the quarter. Bird Construction had a return on equity of 26.11% and a net margin of 2.81%. As a group, analysts forecast that Bird Construction Inc. will post 2.7598533 earnings per share for the current year.

Bird Construction Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 19th will be paid a $0.07 dividend. The ex-dividend date is Friday, November 28th. This represents a c) annualized dividend and a dividend yield of 3.0%. Bird Construction’s payout ratio is currently 48.04%.

Analysts Set New Price Targets

A number of research firms recently issued reports on BDT. National Bankshares boosted their target price on shares of Bird Construction from C$28.00 to C$34.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. TD Securities lifted their price target on shares of Bird Construction from C$32.00 to C$36.00 and gave the company a “buy” rating in a research note on Monday, October 27th. CIBC dropped their price objective on shares of Bird Construction from C$37.00 to C$36.00 in a report on Friday, November 14th. BMO Capital Markets reduced their target price on Bird Construction from C$37.00 to C$34.00 in a research note on Thursday, November 13th. Finally, ATB Capital boosted their target price on Bird Construction from C$33.00 to C$34.00 and gave the company an “outperform” rating in a research report on Wednesday, October 29th. Two research analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$35.88.

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.