Bird Construction Inc. (TSE:BDT) Stock to Pay Monthly Dividend of $0.07

Bird Construction Inc. (TSE:BDT) announced a monthly dividend on Friday, October 30th. Investors of record on Friday, November 20th will be given a dividend of $0.07 per share on Friday, November 20th. This represents a $0.84 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, October 30th.

Bird Construction Trading Up 1.7%

BDT opened at C$73.04 on Wednesday. The company has a debt-to-equity ratio of 93.81, a current ratio of 1.32 and a quick ratio of 1.20. Bird Construction has a fifty-two week low of C$23.56 and a fifty-two week high of C$86.50. The company’s 50 day moving average price is C$75.02 and its two-hundred day moving average price is C$55.62. The firm has a market capitalization of C$4.05 billion, a price-to-earnings ratio of 68.26, a PEG ratio of 0.53 and a beta of 0.14.

Bird Construction (TSE:BDT) last issued its quarterly earnings data on Wednesday, August 12th. The company reported C$0.70 earnings per share (EPS) for the quarter. Bird Construction had a return on equity of 13.41% and a net margin of 1.63%. The company had revenue of C$1.04 billion during the quarter. As a group, research analysts predict that Bird Construction will post 2.76 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Canaccord Genuity Group downgraded shares of Bird Construction from a “buy” rating to a “hold” rating and set a C$83.00 price objective on the stock. in a report on Thursday, October 15th. BMO Capital Markets raised their target price on Bird Construction from C$75.00 to C$85.00 in a research report on Thursday, August 13th. National Bank Financial lifted their price target on shares of Bird Construction from C$72.00 to C$92.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Stifel Nicolaus upped their price objective on shares of Bird Construction from C$85.00 to C$87.00 and gave the company a “buy” rating in a report on Friday, August 14th. Finally, Canadian Imperial Bank of Commerce raised their price target on Bird Construction from C$71.00 to C$83.00 in a report on Friday, August 14th. Eight research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Bird Construction has a consensus rating of “Moderate Buy” and a consensus target price of C$75.60.

About Bird Construction

Bird Construction Inc operates as a general contractor in the Canadian construction market. The company focuses primarily on projects in the industrial, commercial and institutional sectors of the general contracting industry. It provides construction services such as new construction for industrial, commercial, and institutional markets; industrial maintenance, repair and operations (MRO) services, heavy civil construction and contract surface mining; as well as vertical infrastructure including, electrical, mechanical, and specialty trades.