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

Bird Construction Inc. (TSE:BDT) announced a monthly dividend on Friday, November 29th,TickerTech Dividends reports. Investors 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 annualized dividend and a dividend yield of 2.75%. The ex-dividend date is Friday, November 29th. This is an increase from Bird Construction’s previous monthly dividend of $0.05.

Bird Construction Trading Up 0.6 %

Shares of Bird Construction stock traded up C$0.17 on Wednesday, hitting C$30.55. 33,010 shares of the company’s stock traded hands, compared to its average volume of 149,080. The company has a fifty day moving average of C$27.95 and a two-hundred day moving average of C$25.32. Bird Construction has a one year low of C$11.64 and a one year high of C$32.67. The company has a debt-to-equity ratio of 70.40, a current ratio of 1.25 and a quick ratio of 1.20. The company has a market capitalization of C$1.69 billion, a price-to-earnings ratio of 19.48, a price-to-earnings-growth ratio of 0.53 and a beta of 1.05.

Bird Construction (TSE:BDT) last posted its quarterly 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 return on equity of 26.97% and a net margin of 2.68%. The business had revenue of C$898.94 million for the quarter, compared to the consensus estimate of C$961.37 million. As a group, sell-side analysts expect that Bird Construction will post 2.7598533 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on BDT shares. Stifel Nicolaus upped their price target on Bird Construction from C$37.00 to C$38.00 in a research note on Thursday, November 7th. National Bankshares upped their price target on Bird Construction from C$23.00 to C$28.00 in a research note on Thursday, October 10th. BMO Capital Markets increased their price objective on Bird Construction from C$30.00 to C$35.00 in a research note on Thursday, October 10th. ATB Capital increased their price objective on Bird Construction from C$33.00 to C$35.00 in a research note on Thursday, October 10th. Finally, TD Securities increased their price objective on Bird Construction from C$31.00 to C$36.00 in a research note on Thursday, October 10th. Three 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.com, Bird Construction currently has a consensus rating of “Moderate Buy” and a consensus price target of C$32.44.

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.