Bird Construction (TSE:BDT) Hits New 1-Year High – Here’s Why

Bird Construction Inc. (TSE:BDT)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as C$32.10 and last traded at C$31.94, with a volume of 62082 shares changing hands. The stock had previously closed at C$31.32.

Analysts Set New Price Targets

BDT has been the topic of a number of recent research reports. TD Securities upped their target price on Bird Construction from C$32.00 to C$36.00 and gave the stock a “buy” rating in a research note on Monday, October 27th. Canadian Imperial Bank of Commerce dropped their price objective on shares of Bird Construction from C$37.00 to C$36.00 in a research note on Friday, November 14th. BMO Capital Markets dropped their price target on shares of Bird Construction from C$37.00 to C$34.00 in a research report on Thursday, November 13th. ATB Cormark Capital Markets increased their target price on shares of Bird Construction from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. Finally, Raymond James Financial set a C$34.00 price target on Bird Construction and gave the company an “outperform” rating in a research note on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the stock. Based on data from MarketBeat.com, Bird Construction currently has an average rating of “Buy” and a consensus target price of C$35.50.

Bird Construction Price Performance

The company has a debt-to-equity ratio of 74.70, a current ratio of 1.25 and a quick ratio of 1.20. The stock has a market capitalization of C$1.78 billion, a price-to-earnings ratio of 18.86, a price-to-earnings-growth ratio of 0.53 and a beta of 0.68. The stock has a 50 day moving average price of C$29.87 and a 200-day moving average price of C$28.41.

Bird Construction (TSE:BDT) last announced its quarterly earnings data on Wednesday, November 12th. The company reported C$0.57 earnings per share for the quarter. The company had revenue of C$951.43 million for the quarter. Bird Construction had a return on equity of 26.11% and a net margin of 2.81%. On average, analysts forecast that Bird Construction Inc. will post 2.7598533 earnings per share for the current year.

Bird Construction Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 19th were issued a $0.07 dividend. The ex-dividend date was Friday, November 28th. This represents a c) dividend on an annualized basis and a yield of 2.6%. Bird Construction’s dividend payout ratio is presently 48.04%.

About Bird Construction

Bird Construction Inc operates as a general contractor in the Canadian construction market. The company focuses primarily on projects in the industrial, commercial and institutional sectors of the general contracting industry. It provides construction services such as new construction for industrial, commercial, and institutional markets; industrial maintenance, repair and operations (MRO) services, heavy civil construction and contract surface mining; as well as vertical infrastructure including, electrical, mechanical, and specialty trades.