Bird Construction (TSE:BDT) Reaches New 1-Year High – Still a Buy?

Shares of Bird Construction Inc. (TSE:BDT) reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$41.86 and last traded at C$41.80, with a volume of 41589 shares trading hands. The stock had previously closed at C$41.22.

Analyst Ratings Changes

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

Bird Construction Stock Down 0.2%

The stock’s 50 day simple moving average is C$33.79 and its two-hundred day simple moving average is C$30.59. The firm has a market cap of C$2.30 billion, a P/E ratio of 48.31, a P/E/G ratio of 0.53 and a beta of 0.14. The company has a debt-to-equity ratio of 75.66, a current ratio of 1.26 and a quick ratio of 1.20.

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

Bird Construction Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, May 20th. Shareholders of record on Wednesday, May 20th will be issued a $0.07 dividend. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Thursday, April 30th. Bird Construction’s payout ratio is 97.67%.

Bird Construction Company Profile

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.