Bird Construction Inc. (TSE:BDT) to Issue Dividend Increase – $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 dividend yield of 2.93%. The ex-dividend date of this dividend is Monday, April 29th. This is an increase from Bird Construction’s previous monthly dividend of $0.04.

Bird Construction Price Performance

TSE BDT opened at C$19.14 on Friday. The stock has a market capitalization of C$1.03 billion, a P/E ratio of 14.39, a P/E/G ratio of 0.53 and a beta of 1.21. Bird Construction has a 1 year low of C$8.01 and a 1 year high of C$19.47. The business’s fifty day moving average is C$18.27 and its two-hundred day moving average is C$14.87. The company has a debt-to-equity ratio of 46.93, a quick ratio of 1.20 and a current ratio of 1.26.

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

Analyst Ratings Changes

Several research firms have issued reports on BDT. National Bank Financial cut Bird Construction from an “outperform market weight” rating to a “sector perform market weight” rating in a report on Wednesday, January 3rd. Raymond James boosted their target price on shares of Bird Construction from C$18.50 to C$20.50 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Stifel Nicolaus boosted their target price on shares of Bird Construction from C$18.50 to C$24.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. ATB Capital boosted their target price on shares of Bird Construction from C$16.50 to C$23.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. Finally, CIBC downgraded shares of Bird Construction from an “outperform” rating to a “neutral” rating and boosted their target price for the company from C$17.00 to C$20.00 in a research note on Thursday, March 7th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.