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Investor Insights

This summary was created by AI, based on 2 opinions in the last 12 months.

Based on the reviews from different experts, it is evident that Bird Construction Income Fund (BDT-T) is a well-positioned company with a strong order book for construction in Canada and Seattle. The company has shown decent sales growth, a strong dividend yield, and a healthy cash balance. While its profit margins are thin, its low valuation and good yield make it an attractive option for investors. Analyst expectations also point to decent sales and earnings growth in the coming years.

Consensus
Positive
Valuation
Undervalued
BUY
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

We think BDT is very interesting at current levels. The focus on electrification projects and recent acquisition of NorCan plays very well into current green trends and BDT wants to become the partner of choice in this space.  BDT does not primarily benefit from the residential housing shortage because its focus is more on the infrastructure and institutional side of things. It has some exposure in multifamily residential and high rises, but not houses. Financials are strong with the factors listed in addition to a  nice yield and cheap valuation. We think there is a lot to like in BDT coming off a strong 2023. The bear case would be that growth slows, and BDT becomes an income name.
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REAL ESTATE
WATCH

IT's had a good run and is well-positioned given a strong order book for construction in Canada and Seattle. Shares stall just above $18, so he wants to see it break above $20 and hold that floor. It's in a consolidation phase. Fundamentals are still quite positive.

REAL ESTATE
HOLD
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research.

BDT is a $450.6M company with a strong dividend yield of 5.1%, and has been paying down debts recently. Sales growth has been decent, its profit margins are somewhat thin, but it has a nice cash balance of $115.8M, and generates decent cash flows. Its valuation is at a good level, with a forward sales multiple of 0.2X and a forward P/E of 7.6X. Analyst expectations are for decent sales and earnings growth in the coming years. We would be comfortable with a position here, given its low valuation and good yield, although we might not expect much in the way of capital appreciation.
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REAL ESTATE
COMMENT
Question was on comparing Aecon to Bird. They have good yields of 5%. Backlogs are not as meaningful in this environment. Construction costs are up and there are still supply chain issues. Bird is in a better situation since it has fewer fixed costs.
REAL ESTATE
WEAK BUY
Construction and industrials have had a tough share price environment. He owns ARE instead, for its more stable public sector exposure. Likes the space broadly. How can companies pass through inflation? Pandemic labour shortages are, hopefully, in the rearview mirror. See his Top Picks.
REAL ESTATE
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Nov 11/21, Down 10.7%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with BDT has triggered its stop at $9.50. To remain disciplined, we recommend covering the position at this time. Combined with our previous buy recommendation, this results in a break even net investment return.
REAL ESTATE
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: MIchael O'Reilly BDT is a contractor in the Canadian construction market and is reiterated as a TOP PICK. Analysts at Raymond James increased their share price target to $13.50 this week. Infrastructure projects will continue to ramp up as fears of the pandemic ease. Recent earnings of $0.28 per share topped expectations of $0.13. It is trading at 11x earnings compared to peers at 14x. It pays a good dividend that is backed by a payout ratio under 40% of cash flow. We recommend trailing up the stop loss to $9.50 (from $8.25 as previously recommended), looking to achieve $13.50 -- upside potential over 25%. Yield 3.70% (Analysts’ price target is $11.96)
REAL ESTATE
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Dec 24/20, Up 28.8%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with BDT has achieved its objective at $10. To be disciplined, we recommend covering half the position at this time and trailing up the stop (from $6.50) to $8.25. If triggered this would all but guarantee a net investment return over 17%.
REAL ESTATE
DON'T BUY

He tends to shy away from the construction industry. It's volatile, very low margins, risk of cost overruns. Consulting is more lucrative and steady, as with WSP. Trade it if you want.

REAL ESTATE
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O'Reilly BDT operates as a contractor in the Canadian construction market. As new vaccines roll out, we bet work on infrastructure projects will ramp up quickly in the new year. It pays a good dividend that is backed by a 71% payout ratio. We would buy this with a $6.50 stop-loss, looking to target $10 -- over 25% upside. Yield 4.96% (Analysts’ price target is $9.58)
REAL ESTATE
COMMENT
The overall yield is 5.8%. The dividend seems to be well covered. The earnings for last quarter were 33% higher than expected. The outlook for the company is pretty good. The acquisition could offer good synergy.
REAL ESTATE
COMMENT
Feds announced infrastructure spending, and this would help all the construction companies. In general, not great nest egg investments. Earnings can be volatile. Funding for projects is not steady over time. Nothing against owning it, but doesn't see it as a lifetime hold.
REAL ESTATE
DON'T BUY

This is a tough business to be in as construction and design are low margin businesses. The last couple of quarters showed some operational hiccups. He needs to see these issues turn around before investing. He thinks there are other ways to play the infrastructure wave, such as Brookfield or SNC Lavalin.

REAL ESTATE
COMMENT

He likes the company and management. Not sure of visibility at this point, but would feel comfortable with the overall structure and the way they have been able to operate. Dividend yield of 3.9%.

REAL ESTATE
COMMENT

This has been a very good stock. They are situated mostly in the West. Through the last few years, this has done consistently well. At some point, this is going to have a turnaround. Thinks the worst is over for them. If you are a long-term buyer, and you want to be in this space, you are probably good to go.

REAL ESTATE
Showing 1 to 15 of 68 entries

Bird Construction Income Fund(BDT-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 2

Stockchase rating for Bird Construction Income Fund is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Bird Construction Income Fund(BDT-T) Frequently Asked Questions

What is Bird Construction Income Fund stock symbol?

Bird Construction Income Fund is a Canadian stock, trading under the symbol BDT-T on the Toronto Stock Exchange (BDT-CT). It is usually referred to as TSX:BDT or BDT-T

Is Bird Construction Income Fund a buy or a sell?

In the last year, 2 stock analysts published opinions about BDT-T. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Bird Construction Income Fund.

Is Bird Construction Income Fund a good investment or a top pick?

Bird Construction Income Fund was recommended as a Top Pick by on . Read the latest stock experts ratings for Bird Construction Income Fund.

Why is Bird Construction Income Fund stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Bird Construction Income Fund worth watching?

2 stock analysts on Stockchase covered Bird Construction Income Fund In the last year. It is a trending stock that is worth watching.

What is Bird Construction Income Fund stock price?

On 2024-05-17, Bird Construction Income Fund (BDT-T) stock closed at a price of $21.11.