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

Bird Construction Inc. (TSE:BDT) declared a monthly dividend on Thursday, October 31st, TickerTech reports. Investors of record on Wednesday, November 20th will be paid a dividend of 0.0467 per share on Wednesday, November 20th. This represents a $0.56 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date is Thursday, October 31st.

Bird Construction Stock Performance

Shares of BDT opened at C$30.47 on Tuesday. The firm has a 50-day moving average price of C$25.22 and a 200 day moving average price of C$23.80. The firm has a market capitalization of C$1.69 billion, a PE ratio of 19.54, a P/E/G ratio of 0.53 and a beta of 1.05. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 70.40. Bird Construction has a 52-week low of C$10.29 and a 52-week high of C$32.67.

Bird Construction (TSE:BDT) last announced its 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. The firm had revenue of C$873.54 million during the quarter, compared to analyst estimates of C$772.65 million. Bird Construction had a net margin of 2.68% and a return on equity of 26.97%. On average, sell-side analysts anticipate that Bird Construction will post 2.7598533 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BDT has been the subject of several research reports. BMO Capital Markets raised their price objective on shares of Bird Construction from C$30.00 to C$35.00 in a research report on Thursday, October 10th. National Bankshares raised their price objective on shares of Bird Construction from C$23.00 to C$28.00 in a research report on Thursday, October 10th. Stifel Nicolaus raised their price objective on shares of Bird Construction from C$34.00 to C$37.00 in a research report on Thursday, October 10th. CIBC raised their price objective on shares of Bird Construction from C$25.50 to C$26.00 in a research report on Friday, August 9th. Finally, ATB Capital raised their price objective on shares of Bird Construction from C$33.00 to C$35.00 in a research report on Thursday, October 10th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Bird Construction currently has an average rating of “Moderate Buy” and an average target price of C$31.88.

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.