Bird Construction Inc. (TSE:BDT) Increases Dividend to $0.07 Per Share

Bird Construction Inc. (TSE:BDT) announced a monthly dividend on Friday, November 29th,TickerTech Dividends reports. Stockholders of record on Friday, December 20th will be paid a dividend of 0.07 per share on Friday, December 20th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date is Friday, November 29th. This is a boost from Bird Construction’s previous monthly dividend of $0.05.

Bird Construction Stock Performance

BDT stock traded up C$0.15 during trading on Wednesday, reaching C$30.53. 24,886 shares of the company’s stock were exchanged, compared to its average volume of 149,049. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 70.40. Bird Construction has a 1-year low of C$11.64 and a 1-year high of C$32.67. The company’s fifty day moving average price is C$27.78 and its 200-day moving average price is C$25.25. The firm has a market cap of C$1.69 billion, a PE ratio of 19.47, a P/E/G ratio of 0.53 and a beta of 1.05.

Bird Construction (TSE:BDT) last posted its earnings results on Tuesday, November 5th. The company reported C$0.69 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.67 by C$0.02. Bird Construction had a net margin of 2.68% and a return on equity of 26.97%. The firm had revenue of C$898.94 million for the quarter, compared to analysts’ expectations of C$961.37 million. On average, research analysts expect that Bird Construction will post 2.7598533 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BDT. BMO Capital Markets increased their price target on Bird Construction from C$30.00 to C$35.00 in a research note on Thursday, October 10th. National Bankshares upped their price objective on shares of Bird Construction from C$23.00 to C$28.00 in a research report on Thursday, October 10th. TD Securities upped their price target on shares of Bird Construction from C$31.00 to C$36.00 in a research report on Thursday, October 10th. Stifel Nicolaus upped their price objective on shares of Bird Construction from C$37.00 to C$38.00 in a research note on Thursday, November 7th. Finally, Raymond James increased their price target on shares of Bird Construction from C$30.00 to C$35.00 in a research note on Thursday, October 10th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$32.44.

Bird Construction Company Profile

Bird Construction Inc provides construction services in Canada. The company primarily focuses on projects in the industrial, and institutional, and infrastructure markets. It constructs large, complex industrial buildings, including manufacturing, processing, distribution, and warehouse facilities; and provides electrical and instrumentation, high voltage testing and commissioning services, as well as power line construction, structural, mechanical, and piping, including off-site metal and modular fabrication.