Bird Construction Inc. (TSE:BDT) Declares Monthly Dividend of $0.05

Bird Construction Inc. (TSE:BDT) announced a monthly dividend on Monday, August 12th, Zacks reports. Stockholders of record on Friday, August 30th will be given a dividend of 0.047 per share on Friday, September 20th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend is Friday, August 30th. This is an increase from Bird Construction’s previous monthly dividend of $0.05.

Bird Construction Trading Up 4.3 %

TSE:BDT traded up C$0.97 during mid-day trading on Wednesday, reaching C$23.28. 82,480 shares of the company’s stock traded hands, compared to its average volume of 137,533. Bird Construction has a 12-month low of C$9.87 and a 12-month high of C$27.30. The firm has a market capitalization of C$1.29 billion, a price-to-earnings ratio of 16.09, a PEG ratio of 0.53 and a beta of 1.05. The company has a debt-to-equity ratio of 55.15, a current ratio of 1.25 and a quick ratio of 1.20. The company has a 50 day moving average price of C$25.33 and a 200-day moving average price of C$20.97.

Bird Construction (TSE:BDT) last announced its quarterly earnings results on Wednesday, August 7th. The company reported C$0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.38 by C$0.04. Bird Construction had a return on equity of 25.39% and a net margin of 2.59%. The company had revenue of C$873.54 million for the quarter, compared to the consensus estimate of C$772.65 million. On average, sell-side analysts predict that Bird Construction will post 1.9383117 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BDT. ATB Capital boosted their price target on Bird Construction from C$29.00 to C$33.00 in a report on Friday, August 9th. Canaccord Genuity Group upped their target price on Bird Construction from C$21.00 to C$23.00 and gave the stock a “buy” rating in a report on Wednesday, May 15th. CIBC upped their target price on Bird Construction from C$25.50 to C$26.00 in a report on Friday, August 9th. National Bankshares upped their target price on Bird Construction from C$21.00 to C$23.00 and gave the stock a “sector perform” rating in a report on Tuesday, June 11th. Finally, BMO Capital Markets upped their target price on Bird Construction from C$29.00 to C$30.00 in a report on Tuesday, July 16th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Bird Construction presently has a consensus rating of “Moderate Buy” and a consensus price target of C$27.75.

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.