Bird Construction (TSE:BDT) Reaches New 12-Month High at $26.89

Bird Construction Inc. (TSE:BDT)’s share price reached a new 52-week high on Thursday . The stock traded as high as C$26.89 and last traded at C$26.78, with a volume of 103046 shares. The stock had previously closed at C$25.73.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on BDT shares. National Bankshares increased their price target on Bird Construction from C$21.00 to C$23.00 and gave the company a “sector perform” rating in a research note on Tuesday, June 11th. Raymond James raised their target price on shares of Bird Construction from C$20.50 to C$25.00 and gave the stock an “outperform” rating in a research note on Thursday, May 16th. Canaccord Genuity Group upped their price target on shares of Bird Construction from C$21.00 to C$23.00 and gave the company a “buy” rating in a research note on Wednesday, May 15th. CIBC raised their price objective on shares of Bird Construction from C$22.00 to C$25.20 and gave the stock a “neutral” rating in a research report on Wednesday, June 12th. Finally, Stifel Nicolaus upped their target price on Bird Construction from C$25.00 to C$30.00 and gave the company a “buy” rating in a research report on Tuesday, June 11th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$26.78.

Bird Construction Stock Up 1.0 %

The firm has a market cap of C$1.45 billion, a price-to-earnings ratio of 20.17, a P/E/G ratio of 0.53 and a beta of 1.22. 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 50-day moving average of C$22.22 and a 200-day moving average of C$18.44.

Bird Construction (TSE:BDT) last posted its quarterly earnings data on Tuesday, May 14th. The company reported C$0.20 earnings per share for the quarter, topping the consensus estimate of C$0.17 by C$0.03. Bird Construction had a net margin of 2.56% and a return on equity of 24.03%. The business had revenue of C$688.20 million during the quarter, compared to analysts’ expectations of C$594.63 million. Sell-side analysts predict that Bird Construction Inc. will post 1.8404534 EPS for the current fiscal year.

Bird Construction Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, June 20th. Shareholders of record on Friday, May 31st were paid a dividend of $0.047 per share. This is an increase from Bird Construction’s previous monthly dividend of $0.05. The ex-dividend date was Friday, May 31st. This represents a $0.56 annualized dividend and a yield of 2.10%. Bird Construction’s payout ratio is presently 42.11%.

About Bird Construction

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.