Bird Construction Inc. (TSE:BDT) Increases Dividend to $0.05 Per Share

Bird Construction Inc. (TSE:BDT) declared a monthly dividend on Monday, April 29th, TickerTech reports. Shareholders of record on Friday, May 17th will be given a dividend of 0.0467 per share on Friday, May 17th. This represents a $0.56 annualized dividend and a yield of 2.93%. 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.

Bird Construction Stock Up 1.1 %

Shares of Bird Construction stock traded up C$0.21 during trading hours on Friday, hitting C$19.14. The company had a trading volume of 44,648 shares, compared to its average volume of 135,597. The company’s 50-day moving average is C$18.27 and its two-hundred day moving average is C$14.87. Bird Construction has a twelve month low of C$8.01 and a twelve month high of C$19.47. 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 company has a market cap of C$1.03 billion, a P/E ratio of 14.39, a price-to-earnings-growth ratio of 0.53 and a beta of 1.21.

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on BDT. TD Securities upped 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. Raymond James upped their price target on shares of Bird Construction from C$18.50 to C$20.50 and gave the company an “outperform” rating in a research report on Wednesday, March 6th. Stifel Nicolaus upped their price target on shares of Bird Construction from C$18.50 to C$24.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. CIBC downgraded shares of Bird Construction from an “outperform” rating to a “neutral” rating and upped their price target for the company from C$17.00 to C$20.00 in a research report on Thursday, March 7th. Finally, National Bankshares upped their price target on shares of Bird Construction from C$15.00 to C$18.00 and gave the company a “sector perform” rating in a research report on Thursday, March 7th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Bird Construction has an average rating of “Moderate Buy” and a consensus price target of C$20.06.

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.