Bird Construction Inc. (TSE:BDT) Declares Dividend Increase – $0.07 Per Share

Bird Construction Inc. (TSE:BDT) declared 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 2.74%. The ex-dividend date is Friday, November 29th. This is a positive change from Bird Construction’s previous monthly dividend of $0.05.

Bird Construction Stock Performance

Shares of Bird Construction stock traded up C$0.25 during trading on Wednesday, reaching C$30.63. The company’s stock had a trading volume of 20,961 shares, compared to its average volume of 149,007. Bird Construction has a 52 week low of C$11.64 and a 52 week high of C$32.67. The firm has a market cap of C$1.70 billion, a PE ratio of 19.47, a P/E/G ratio of 0.53 and a beta of 1.05. The business’s 50-day moving average price is C$27.78 and its 200-day moving average price is C$25.25. 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 (TSE:BDT) last announced its earnings results on Tuesday, November 5th. The company reported C$0.69 earnings per share (EPS) 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 analyst estimates of C$961.37 million. Equities analysts forecast that Bird Construction will post 2.7598533 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on BDT shares. ATB Capital raised their price objective on Bird Construction from C$33.00 to C$35.00 in a research note on Thursday, October 10th. CIBC dropped their price target on Bird Construction from C$31.00 to C$29.50 in a research note on Thursday, November 7th. National Bankshares raised their target price on shares of Bird Construction from C$23.00 to C$28.00 in a report on Thursday, October 10th. Raymond James upped their price target on shares of Bird Construction from C$30.00 to C$35.00 in a report on Thursday, October 10th. Finally, Stifel Nicolaus boosted their price target on Bird Construction from C$37.00 to C$38.00 in a report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Bird Construction presently 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.