Bird Construction (TSE:BDT) Sets New 12-Month High Following Dividend Announcement

Bird Construction Inc. (TSE:BDT) shares hit a new 52-week high during trading on Tuesday following a dividend announcement from the company. The stock traded as high as C$40.00 and last traded at C$39.15, with a volume of 457062 shares changing hands. The stock had previously closed at C$39.44.

The newly announced dividend which will be paid on Monday, April 20th. Investors of record on Monday, April 20th will be issued a $0.07 dividend. This represents a c) dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Tuesday, March 31st. Bird Construction’s payout ratio is presently 97.67%.

Analyst Ratings Changes

Several equities analysts recently issued reports on BDT shares. ATB Cormark Capital Markets upped their price objective on Bird Construction from C$35.00 to C$38.00 and gave the company an “outperform” rating in a research report on Friday, March 13th. National Bank Financial boosted their price target on Bird Construction from C$34.00 to C$39.00 and gave the stock an “outperform” rating in a research note on Friday, March 13th. Raymond James Financial upped their price target on Bird Construction from C$34.00 to C$44.00 and gave the company an “outperform” rating in a report on Friday, March 13th. TD Securities increased their price objective on Bird Construction from C$31.00 to C$44.00 and gave the company a “buy” rating in a research report on Monday, March 16th. Finally, Canaccord Genuity Group lifted their price objective on Bird Construction from C$33.00 to C$37.00 and gave the stock a “buy” rating in a report on Friday, March 13th. Seven analysts have rated the stock with a Buy rating, According to data from MarketBeat, Bird Construction has an average rating of “Buy” and an average price target of C$41.38.

Bird Construction Trading Down 0.7%

The company has a debt-to-equity ratio of 75.66, a current ratio of 1.26 and a quick ratio of 1.20. The stock’s 50-day moving average is C$32.47 and its two-hundred day moving average is C$30.05. The company has a market cap of C$2.17 billion, a P/E ratio of 45.52, a P/E/G ratio of 0.53 and a beta of 0.68.

Bird Construction (TSE:BDT) last announced its earnings results on Wednesday, March 11th. The company reported C$0.57 earnings per share for the quarter. The business had revenue of C$877.01 million during the quarter. Bird Construction had a net margin of 1.40% and a return on equity of 10.81%. As a group, equities research analysts predict that Bird Construction Inc. will post 2.7598533 earnings per share for the current fiscal year.

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.