Bird Construction Inc. (BDT) to Issue Monthly Dividend of $0.07 on December 20th

Bird Construction Inc. (TSE:BDT) declared a monthly dividend on Friday, November 29th,TickerTech Dividends reports. Stockholders of record on Friday, December 20th will be paid a dividend of 0.07 per share on Friday, December 20th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date is Friday, November 29th. This is an increase from Bird Construction’s previous monthly dividend of $0.05.

Bird Construction Price Performance

Bird Construction stock traded up C$0.17 during mid-day trading on Wednesday, reaching C$30.55. 33,010 shares of the company were exchanged, compared to its average volume of 149,080. The company has a fifty day simple moving average of C$27.95 and a 200-day simple moving average of C$25.32. Bird Construction has a 12 month low of C$11.64 and a 12 month high of C$32.67. The company has a debt-to-equity ratio of 70.40, a current ratio of 1.25 and a quick ratio of 1.20. The firm has a market cap of C$1.69 billion, a PE ratio of 19.48, a PEG ratio of 0.53 and a beta of 1.05.

Bird Construction (TSE:BDT) last posted its quarterly earnings data on Tuesday, November 5th. The company reported C$0.69 EPS for the quarter, topping analysts’ consensus estimates of C$0.67 by C$0.02. Bird Construction had a return on equity of 26.97% and a net margin of 2.68%. The firm had revenue of C$898.94 million for the quarter, compared to analyst estimates of C$961.37 million. As a group, equities research analysts expect that Bird Construction will post 2.7598533 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BDT has been the topic of several recent analyst reports. Cibc World Mkts upgraded Bird Construction to a “hold” rating in a research note on Friday, August 9th. BMO Capital Markets lifted their price target on Bird Construction from C$30.00 to C$35.00 in a research note on Thursday, October 10th. Stifel Nicolaus lifted their price target on Bird Construction from C$37.00 to C$38.00 in a research note on Thursday, November 7th. ATB Capital raised their price objective on Bird Construction from C$33.00 to C$35.00 in a report on Thursday, October 10th. Finally, National Bankshares raised their price objective on Bird Construction from C$23.00 to C$28.00 in a report on Thursday, October 10th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$32.44.

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.