Bird Construction Inc. (TSE:BDT) Announces Monthly Dividend of $0.07

Bird Construction Inc. (TSE:BDT) declared 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 yield of 2.75%. The ex-dividend date of this dividend is Friday, November 29th. This is a positive change from Bird Construction’s previous monthly dividend of $0.05.

Bird Construction Stock Up 0.5 %

Shares of TSE:BDT traded up C$0.15 during trading on Wednesday, hitting C$30.53. The stock had a trading volume of 24,886 shares, compared to its average volume of 149,049. The company has a market capitalization of C$1.69 billion, a PE ratio of 19.47, a PEG ratio of 0.53 and a beta of 1.05. 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 has a 12 month low of C$11.64 and a 12 month high of C$32.67. The firm’s fifty day moving average is C$27.78 and its 200 day moving average is C$25.25.

Bird Construction (TSE:BDT) last posted its quarterly earnings data on Tuesday, November 5th. The company reported C$0.69 EPS for the quarter, topping the consensus estimate of C$0.67 by C$0.02. The firm had revenue of C$898.94 million during the quarter, compared to analyst estimates of C$961.37 million. Bird Construction had a net margin of 2.68% and a return on equity of 26.97%. Analysts anticipate that Bird Construction will post 2.7598533 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BDT. Raymond James lifted their target price on Bird Construction from C$30.00 to C$35.00 in a research note on Thursday, October 10th. BMO Capital Markets boosted their price objective on Bird Construction from C$30.00 to C$35.00 in a research report on Thursday, October 10th. ATB Capital lifted their price objective on Bird Construction from C$33.00 to C$35.00 in a research note on Thursday, October 10th. Stifel Nicolaus increased their target price on shares of Bird Construction from C$37.00 to C$38.00 in a report on Thursday, November 7th. Finally, TD Securities increased their price objective on shares of Bird Construction from C$31.00 to C$36.00 in a research report on Thursday, October 10th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.