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

by · The Cerbat Gem

Bird Construction Inc. (TSE:BDT – Get Free Report) declared a monthly dividend on Thursday, October 31st, TickerTech reports. Shareholders of record on Wednesday, November 20th will be paid a dividend of 0.0467 per share on Wednesday, November 20th. This represents a $0.56 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend is Thursday, October 31st.

Bird Construction Stock Down 0.2 %

Shares of TSE:BDT traded down C$0.07 during trading on Tuesday, reaching C$30.41. 2,892 shares of the stock traded hands, compared to its average volume of 144,323. The stock has a market cap of C$1.68 billion, a P/E ratio of 19.54, a price-to-earnings-growth ratio of 0.53 and a beta of 1.05. The company has a debt-to-equity ratio of 70.40, a quick ratio of 1.20 and a current ratio of 1.25. The stock has a 50-day moving average of C$25.22 and a two-hundred day moving average of C$23.80. Bird Construction has a 52-week low of C$10.29 and a 52-week high of C$32.67.

Bird Construction (TSE:BDT – Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported C$0.42 EPS for the quarter, beating the consensus estimate of C$0.38 by C$0.04. Bird Construction had a return on equity of 26.97% and a net margin of 2.68%. The business had revenue of C$873.54 million for the quarter, compared to the consensus estimate of C$772.65 million. As a group, sell-side analysts expect that Bird Construction will post 2.7598533 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Cibc World Mkts upgraded Bird Construction to a “hold” rating in a report on Friday, August 9th. CIBC increased their price objective on shares of Bird Construction from C$25.50 to C$26.00 in a research report on Friday, August 9th. Raymond James lifted their target price on shares of Bird Construction from C$30.00 to C$35.00 in a research report on Thursday, October 10th. Stifel Nicolaus boosted their target price on shares of Bird Construction from C$34.00 to C$37.00 in a research note on Thursday, October 10th. Finally, ATB Capital raised their price target on Bird Construction from C$33.00 to C$35.00 in a research note on Thursday, October 10th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$31.88.

Check Out Our Latest Stock Report on Bird Construction

Bird Construction Company Profile

(Get Free Report)

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.

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