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. Stockholders 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 dividend yield of 2.75%. The ex-dividend date is Friday, November 29th. This is a boost from Bird Construction’s previous monthly dividend of $0.05.

Bird Construction Stock Performance

Shares of BDT stock opened at C$30.53 on Thursday. Bird Construction has a 1 year low of C$11.64 and a 1 year high of C$32.67. The firm 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. 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 business has a fifty day moving average of C$27.95 and a 200 day moving average of C$25.32.

Bird Construction (TSE:BDT) last announced its quarterly earnings results on Tuesday, November 5th. The company reported C$0.69 earnings per share (EPS) for the quarter, beating 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 company had revenue of C$898.94 million during the quarter, compared to the consensus estimate of C$961.37 million. As a group, research analysts expect that Bird Construction will post 2.7598533 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Cibc World Mkts raised shares of Bird Construction to a “hold” rating in a research note on Friday, August 9th. TD Securities raised their target price on Bird Construction from C$31.00 to C$36.00 in a research report on Thursday, October 10th. National Bankshares boosted their price target on Bird Construction from C$23.00 to C$28.00 in a research report on Thursday, October 10th. Raymond James lifted their target price on shares of Bird Construction from C$30.00 to C$35.00 in a research note on Thursday, October 10th. Finally, BMO Capital Markets upped their target price on shares of Bird Construction from C$30.00 to C$35.00 in a 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 stock. According to data from MarketBeat, Bird Construction presently has a consensus 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.