TSE:BDT

Bird Construction (BDT.TO)

59.98
-0.42 (0.70%)
as of Jun 8, 2026, 8:00:00 pm Market Open.
208 watching
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Investor Insights
star iconJun 7, 2026, 12:00 am

This summary was created by AI, based on 13 opinions in the last 12 months.

Bird Construction (BDT-T) is generating a mix of bullish and cautious sentiment among analysts. Many experts are optimistic about the company's exposure to significant projects, such as LNG terminal expansions, renewable energy projects, and government infrastructure spending, contributing to a large backlog valued at approximately $10-$11 billion. Despite its promising outlook, some analysts express concerns regarding the company’s volatile nature, particularly with fixed-price contracts that may lead to losses. Furthermore, while the stock has seen substantial appreciation recently, certain experts recommend potential caution due to its overbought status and missed earnings expectations. Overall, while the company showcases strong growth potential and benefits from various major contracts, its valuation and execution consistency remain key points of discussion for investors.

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Consensus
Mixed
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Valuation
Fair Value
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BUY
Very well run business and he is a bull on construction in Western Canada and Northeast Alberta. It is volatile when it sells off.
STRONG BUY
Best known for their oil sands contract. They have just learned that they no longer have 150 million or so contracts in their backlog with the Alberta Museum but Alberta has delayed it go for a bigger project. Very big backlog.
WAIT
Has huge exposure to the infrastructure build-out. $35 is a good entry point. On a cash flow multiple it is pretty inviting. The US exposure has always been a cause for concern, but the concern about infrastructure stocks has been put behind them. Every time it drops he gets back into the name.
DON'T BUY
Has been either side of $30 for the last 6-9 months. Exposure to a pretty cyclical industry but are a major player out West. Given the build out in infrastructure in Western Canada, they're well positioned but a lot of this is priced into the stock. Distribution is relatively safe but doesn't see much upside.
PAST TOP PICK
(A Top Pick March 24/09. Up 76.6%.) Still likes.
PAST TOP PICK
(A Top Pick March 24/09. Up 64.4% excluding distributions.) Winning some very good contracts. Incredibly conservatively managed. Still a Buy.
BUY ON WEAKNESS
Looking at this and others because of infrastructure aspects. 5.4% yield. Would be interested at $30.
BUY
Very strong, conservative balance sheet. Believes the stimulus is only now starting to translate into real contracts in Canada. Still room to grow. 5.25% yield is easily sustainable.
BUY ON WEAKNESS
Likes infrastructure stocks, which are all doing fairly decently. This one is a good looking stock. Steepness of the rise looks a little unfounded and wouldn't be surprised to see it coming down to the $33 level, which would be a good time to pick it up.
PAST TOP PICK
(A Top Pick June 29/09. Up 22%.) Great infrastructure story that is going to continue to grow. Generated 114% ROE last year. Incredibly cheap. Great management. 6% yield. When they convert they will continue as a dividend paying Corp. with effectively the same yield.
BUY
Very conservative balance sheet and they like to have a lot of cash. Well positioned for the eventual impact of the Canadian stimulus. Solid company.
TOP PICK
Diversification across Canada. Great operational performance and good profitability metric over time. 7.5% yield is expected to be maintained through conversion in 2011. Payout ratio is around 35%. Phenomenal balance sheet.
BUY
Has been really beaten up. Have about $14.70 in cash. Payout ratio of about 36% in 08 and 09 will be more difficult. Very cheap.
TOP PICK
Infrastructure Play. Conservatively managed, low payout ratio. Only risk is if the backlog falters or they don’t do well competitively.
SELL
(Market Call Minute.) Sees construction activity slowing quite dramatically in western Canada.
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