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

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 given a dividend of 0.07 per share on Friday, December 20th. This represents a $0.84 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend is Friday, November 29th. This is a boost from Bird Construction’s previous monthly dividend of $0.05.

Bird Construction Price Performance

Shares of TSE BDT opened at C$30.53 on Thursday. The stock’s 50-day moving average is C$27.95 and its two-hundred day moving average is C$25.32. 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 cap 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 has a 1-year low of C$11.64 and a 1-year high of C$32.67.

Bird Construction (TSE:BDT) last issued its earnings results on Tuesday, November 5th. The company reported C$0.69 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of C$961.37 million. Analysts forecast that Bird Construction will post 2.7598533 EPS for the current fiscal year.

Analyst Ratings Changes

BDT has been the subject of several recent analyst reports. National Bankshares lifted their price objective on shares of Bird Construction from C$23.00 to C$28.00 in a research report on Thursday, October 10th. Cibc World Mkts raised Bird Construction to a “hold” rating in a research report on Friday, August 9th. Stifel Nicolaus increased their price objective on Bird Construction from C$37.00 to C$38.00 in a report on Thursday, November 7th. BMO Capital Markets boosted their target price on Bird Construction from C$30.00 to C$35.00 in a research note on Thursday, October 10th. Finally, ATB Capital increased their price target on shares of 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 given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus 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.