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

Bird Construction Inc. (TSE:BDT) announced a monthly dividend on Monday, April 29th, TickerTech reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend is Monday, April 29th. This is a positive change from Bird Construction’s previous monthly dividend of $0.04.

Bird Construction Trading Up 1.1 %

TSE:BDT opened at C$19.14 on Friday. The company’s 50 day moving average price is C$18.27 and its 200-day moving average price is C$14.87. Bird Construction has a 52 week low of C$8.01 and a 52 week high of C$19.47. The company has a quick ratio of 1.20, a current ratio of 1.26 and a debt-to-equity ratio of 46.93. The stock has a market cap of C$1.03 billion, a price-to-earnings ratio of 14.39, a PEG ratio of 0.53 and a beta of 1.21.

Bird Construction (TSE:BDT) last posted its quarterly earnings results 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 net margin of 2.56% and a return on equity of 24.03%. The firm had revenue of C$792.07 million for the quarter, compared to analysts’ expectations of C$722.63 million. On average, equities research analysts forecast that Bird Construction will post 1.7851782 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BDT has been the subject of a number of research analyst reports. Stifel Nicolaus lifted their target price on shares of Bird Construction from C$18.50 to C$24.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. National Bank Financial downgraded shares of Bird Construction from an “outperform market weight” rating to a “sector perform market weight” rating in a research report on Wednesday, January 3rd. Canaccord Genuity Group boosted their price objective on shares of Bird Construction from C$16.00 to C$21.00 and gave the company a “neutral” rating in a research report on Thursday, March 7th. TD Securities boosted their price objective on shares of Bird Construction from C$17.00 to C$22.00 and gave the company a “buy” rating in a research report on Friday, March 8th. Finally, CIBC downgraded shares of Bird Construction from an “outperform” rating to a “neutral” rating and boosted their price objective for the company from C$17.00 to C$20.00 in a research report on Thursday, March 7th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Bird Construction currently 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.