Bird Construction (TSE:BDT) Insider Wayne Richard Gingrich Acquires 1,100 Shares

Bird Construction Inc. (TSE:BDT) insider Wayne Richard Gingrich bought 1,100 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were acquired at an average cost of C$25.26 per share, for a total transaction of C$27,786.00. Following the completion of the transaction, the insider owned 14,000 shares of the company’s stock, valued at approximately C$353,640. The trade was a 8.53% increase in their position.

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

• On Friday, November 14th, Wayne Richard Gingrich purchased 4,000 shares of Bird Construction stock. The stock was acquired at an average price of C$25.39 per share, for a total transaction of C$101,560.00.
• On Friday, November 14th, Wayne Richard Gingrich acquired 100 shares of Bird Construction stock. The shares were acquired at an average price of C$25.38 per share, with a total value of C$2,538.00.
• On Friday, November 14th, Wayne Richard Gingrich acquired 900 shares of Bird Construction stock. The shares were acquired at an average price of C$25.39 per share, for a total transaction of C$22,851.00.
• On Monday, November 17th, Wayne Richard Gingrich bought 900 shares of Bird Construction stock. The stock was acquired at an average cost of C$25.30 per share, for a total transaction of C$22,770.00.
• On Monday, November 17th, Wayne Richard Gingrich bought 500 shares of Bird Construction stock. The shares were acquired at an average price of C$25.28 per share, with a total value of C$12,640.00.
• On Monday, November 17th, Wayne Richard Gingrich purchased 400 shares of Bird Construction stock. The shares were bought at an average cost of C$25.27 per share, with a total value of C$10,108.00.
• On Monday, November 17th, Wayne Richard Gingrich purchased 100 shares of Bird Construction stock. The stock was bought at an average price of C$25.26 per share, with a total value of C$2,526.00.
• On Monday, November 17th, Wayne Richard Gingrich purchased 300 shares of Bird Construction stock. The stock was bought at an average cost of C$25.27 per share, for a total transaction of C$7,581.00.

Bird Construction Stock Down 2.1%

TSE BDT traded down C$0.59 during trading hours on Friday, reaching C$28.12. 114,679 shares of the company traded hands, compared to its average volume of 214,752. The stock has a market capitalization of C$1.56 billion, a PE ratio of 16.54, a PEG ratio of 0.53 and a beta of 0.51. The company has a current ratio of 1.25, a quick ratio of 1.20 and a debt-to-equity ratio of 74.70. Bird Construction Inc. has a 12 month low of C$17.52 and a 12 month high of C$31.76. The company has a 50 day moving average of C$28.36 and a two-hundred day moving average of C$27.90.

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

Bird Construction Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. BMO Capital Markets reduced their target price on Bird Construction from C$37.00 to C$34.00 in a report on Thursday, November 13th. National Bank Financial raised Bird Construction from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 3rd. ATB Capital raised their price objective on Bird Construction from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. 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 note on Wednesday, September 24th. Finally, Stifel Nicolaus increased their target price on shares of Bird Construction from C$36.00 to C$41.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$35.88.

Bird Construction Company Profile

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.