Bird Construction Inc. Plans Monthly Dividend of $0.05 (TSE:BDT)

Bird Construction Inc. (TSE:BDT) declared a monthly dividend on Wednesday, July 31st, TickerTech reports. Stockholders of record on Tuesday, August 20th will be given a dividend of 0.0467 per share on Tuesday, August 20th. This represents a $0.56 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend is Wednesday, July 31st.

Bird Construction Price Performance

BDT opened at C$25.90 on Monday. The company has a debt-to-equity ratio of 46.93, a quick ratio of 1.20 and a current ratio of 1.26. Bird Construction has a 52-week low of C$8.77 and a 52-week high of C$27.30. The stock has a market capitalization of C$1.40 billion, a PE ratio of 19.47, a price-to-earnings-growth ratio of 0.53 and a beta of 1.22. The stock’s 50 day moving average price is C$24.68 and its 200-day moving average price is C$20.17.

Bird Construction (TSE:BDT) last issued its quarterly earnings results on Tuesday, May 14th. The company reported C$0.20 earnings per share for the quarter, topping the consensus estimate of C$0.17 by C$0.03. The company had revenue of C$688.20 million for the quarter, compared to analysts’ expectations of C$594.63 million. Bird Construction had a return on equity of 24.03% and a net margin of 2.56%. On average, equities research analysts predict that Bird Construction will post 1.8404534 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on BDT. TD Securities upped their price target on Bird Construction from C$25.00 to C$30.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. Raymond James increased their target price on Bird Construction from C$20.50 to C$25.00 and gave the stock an “outperform” rating in a research note on Thursday, May 16th. BMO Capital Markets increased their target price on Bird Construction from C$29.00 to C$30.00 in a research note on Tuesday, July 16th. CIBC increased their target price on Bird Construction from C$22.00 to C$25.20 and gave the stock a “neutral” rating in a research note on Wednesday, June 12th. Finally, Stifel Nicolaus increased their target price on Bird Construction from C$25.00 to C$30.00 and gave the stock a “buy” rating in a research note on Tuesday, June 11th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$26.90.

About Bird Construction

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.