Bird Construction (TSE:BDT) Reaches New 1-Year High at $19.47

Bird Construction Inc. (TSE:BDT) shares hit a new 52-week high on Friday . The stock traded as high as C$19.47 and last traded at C$19.44, with a volume of 41459 shares. The stock had previously closed at C$19.14.

Analyst Ratings Changes

BDT has been the subject of a number of research reports. CIBC downgraded shares of Bird Construction from an “outperform” rating to a “neutral” rating and lifted their price target for the company from C$17.00 to C$20.00 in a research report on Thursday, March 7th. ATB Capital upped their target price on Bird Construction from C$16.50 to C$23.00 and gave the company an “outperform” rating in a report on Thursday, March 7th. Raymond James lifted their price target on Bird Construction from C$18.50 to C$20.50 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. TD Securities raised their target price on shares of Bird Construction from C$17.00 to C$22.00 and gave the company a “buy” rating in a report on Friday, March 8th. Finally, Canaccord Genuity Group upped their price target on shares of Bird Construction from C$16.00 to C$21.00 and gave the company a “neutral” rating in a report on Thursday, March 7th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$21.21.

Bird Construction Stock Performance

The stock’s 50-day moving average is C$18.55 and its 200-day moving average is C$15.26. The company has a debt-to-equity ratio of 46.93, a current ratio of 1.26 and a quick ratio of 1.20. The stock has a market cap of C$1.04 billion, a price-to-earnings ratio of 14.51, a price-to-earnings-growth ratio of 0.53 and a beta of 1.21.

Bird Construction (TSE:BDT) last announced its quarterly earnings data on Tuesday, March 5th. The company reported C$0.45 EPS for the quarter, beating analysts’ consensus estimates of C$0.40 by C$0.05. Bird Construction had a return on equity of 24.03% and a net margin of 2.56%. The business had revenue of C$792.07 million during the quarter, compared to the consensus estimate of C$722.63 million. Analysts anticipate that Bird Construction Inc. will post 1.7851782 EPS for the current fiscal year.

Bird Construction Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 17th will be given a $0.0467 dividend. The ex-dividend date of this dividend is Monday, April 29th. This is a boost from Bird Construction’s previous monthly dividend of $0.04. This represents a $0.56 annualized dividend and a dividend yield of 2.90%. Bird Construction’s dividend payout ratio (DPR) is currently 42.11%.

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.