Bird Construction Inc. (TSE:BDT) Announces Monthly Dividend of $0.07

Bird Construction Inc. (TSE:BDT) declared a monthly dividend on Tuesday, September 29th. Shareholders of record on Tuesday, October 20th will be given a dividend of $0.07 per share on Tuesday, October 20th. This represents a $0.84 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, September 29th.

Bird Construction Stock Down 0.8%

Shares of TSE:BDT traded down C$0.61 during trading hours on Friday, hitting C$79.20. The company’s stock had a trading volume of 294,753 shares, compared to its average volume of 299,658. The firm’s fifty day moving average price is C$71.07 and its 200 day moving average price is C$59.17. Bird Construction has a 52 week low of C$23.56 and a 52 week high of C$84.86. The company has a market capitalization of C$4.39 billion, a price-to-earnings ratio of 74.02, a P/E/G ratio of 0.53 and a beta of 0.48. The company has a debt-to-equity ratio of 93.81, a current ratio of 1.32 and a quick ratio of 1.20.

Bird Construction (TSE:BDT) last released its quarterly earnings data on Wednesday, August 12th. The company reported C$0.70 earnings per share (EPS) for the quarter. The firm had revenue of C$1.04 billion for the quarter. Bird Construction had a net margin of 1.63% and a return on equity of 13.41%. As a group, research analysts expect that Bird Construction will post 2.7598533 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BDT. BMO Capital Markets lifted their price target on Bird Construction from C$75.00 to C$85.00 in a report on Thursday, August 13th. Stifel Nicolaus upped their price objective on Bird Construction from C$85.00 to C$87.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. National Bank Financial raised their price objective on Bird Construction from C$72.00 to C$92.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Canadian Imperial Bank of Commerce boosted their target price on shares of Bird Construction from C$71.00 to C$83.00 in a report on Friday, August 14th. Finally, ATB Cormark Capital Markets increased their price target on shares of Bird Construction from C$57.00 to C$87.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Nine equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$75.60.

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.