Bird Construction Completes Acquisition of Fraser River Pile & Dredge

An announcement from Bird Construction ( (TSE:BDT) ) is now available.

Bird Construction Inc. has successfully completed the acquisition of Fraser River Pile & Dredge (FRPD), enhancing its capabilities in marine infrastructure, land foundations, and dredging. This strategic acquisition positions Bird to better serve Canada’s infrastructure needs, particularly in projects with significant port and marine requirements, aligning with federal nation-building priorities and supporting Bird’s long-term growth strategy.

The most recent analyst rating on (TSE:BDT) stock is a Buy with a C$37.00 price target. To see the full list of analyst forecasts on Bird Construction stock, see the TSE:BDT Stock Forecast page.

Spark’s Take on TSE:BDT Stock

According to Spark, TipRanks’ AI Analyst, TSE:BDT is a Outperform.

Bird Construction’s strong financial performance and strategic focus on high-margin sectors are significant strengths. The improved margins and record backlog from the earnings call further enhance its outlook. However, recent revenue declines and project delays due to economic uncertainty pose challenges. The stock’s reasonable valuation and attractive dividend yield provide additional support.

To see Spark’s full report on TSE:BDT stock, click here.

More about Bird Construction

Bird Construction Inc. is a leading Canadian construction and maintenance company that operates across all major markets in Canada. Known for its collaborative and safety-first approach, Bird offers a comprehensive range of construction services, self-perform capabilities, and innovative solutions to the industrial, buildings, and infrastructure markets. With over 100 years of experience, Bird is committed to safety and providing long-term value for stakeholders.

Average Trading Volume: 276,134

Technical Sentiment Signal: Buy

Current Market Cap: C$1.68B

For an in-depth examination of BDT stock, go to TipRanks’ Overview page.