Bird Construction Acquires FRPD to Boost Infrastructure Capabilities

Bird Construction ( (TSE:BDT) ) has shared an announcement.

Bird Construction Inc. has announced the acquisition of Fraser River Pile & Dredge (FRPD) for $82.3 million, marking a strategic expansion into marine infrastructure, land foundation, and dredging services. This acquisition is expected to enhance Bird’s operational capabilities and financial performance by increasing its exposure to high-margin projects and capitalizing on Canada’s growing infrastructure demands. The integration of FRPD’s specialized expertise will enable Bird to undertake larger, more complex projects, aligning with its strategic goals for growth and margin expansion.

The most recent analyst rating on (TSE:BDT) stock is a Buy with a C$26.00 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 Neutral.

Bird Construction’s overall stock score reflects strong financial performance and strategic focus, as highlighted in the earnings call. However, bearish technical indicators and recent revenue declines weigh on the score. The company’s fair valuation and attractive dividend yield provide some support.

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

More about Bird Construction

Bird Construction Inc. is a prominent player in the construction industry, primarily focusing on industrial, infrastructure, and building projects. The company is listed on the Toronto Stock Exchange under the symbol BDT and is known for its extensive portfolio of operating locations across Canada, supporting large-scale projects for both public and private clients.

Average Trading Volume: 198,034

Technical Sentiment Signal: Hold

Current Market Cap: C$1.25B

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