The Globe and Mail reports in its Saturday edition that after rising from less than $10 in mid-2023 to more than $32 in October, Bird Construction's shares have declined more than 20 per cent, despite the company's strong project inventory, growing dividend and low payout ratio. The Globe's John Heinzl writes that it is not just Bird Construction getting hit despite the positives. Shares of fellow construction company Aecon have also pulled back after a strong run. Some analysts have speculated that the pending resignation of Prime Minister Justin Trudeau could be a factor, as it may signal lower spending on infrastructure projects. Not everyone shares that view. "We prefer to chalk up the pullback in both stocks to profit taking," Raymond James analysts said in a note. Support for infrastructure investment spans party lines, Raymond James said. What is more, both companies have "robust backlogs [that] should stand them in good stead through our forecast horizon" that extends until the end of 2026. Bird still has a bright future. Thanks to mergers and acquisitions, "the firm is now a force in Canada's two largest civil construction markets, Ontario and British Columbia." The brokerage targets Bird at $35 a share.