Bird Construction Inc. (TSE:BDT – Get Free Report)’s share price reached a new 52-week high on Wednesday . The stock traded as high as C$19.44 and last traded at C$19.38, with a volume of 190513 shares trading hands. The stock had previously closed at C$18.98.
Analysts Set New Price Targets
Several analysts have recently weighed in on BDT shares. ATB Capital increased their price target on shares of Bird Construction from C$16.50 to C$23.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. National Bankshares increased their price objective on shares of Bird Construction from C$15.00 to C$18.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 7th. Canaccord Genuity Group increased their price objective on shares of Bird Construction from C$16.00 to C$21.00 and gave the stock a “neutral” rating in a research report on Thursday, March 7th. Stifel Nicolaus increased their price objective on shares of Bird Construction from C$18.50 to C$24.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Finally, National Bank Financial cut shares of Bird Construction from an “outperform market weight” rating to a “sector perform market weight” rating in a research report on Wednesday, January 3rd. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$20.06.
Check Out Our Latest Research Report on Bird Construction
Bird Construction Price Performance
Bird Construction (TSE:BDT – Get Free Report) last issued its quarterly earnings results on Tuesday, March 5th. The company reported C$0.45 EPS for the quarter, beating the consensus estimate of C$0.40 by C$0.05. Bird Construction had a net margin of 2.56% and a return on equity of 24.03%. The company had revenue of C$792.07 million during the quarter, compared to analysts’ expectations of C$722.63 million. On average, sell-side analysts predict that Bird Construction Inc. will post 1.7851782 earnings per share for the current fiscal year.
Bird Construction Increases Dividend
The firm also recently declared a monthly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 17th will be given a $0.0467 dividend. This represents a $0.56 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Monday, April 29th. This is a boost from Bird Construction’s previous monthly dividend of $0.04. Bird Construction’s dividend payout ratio (DPR) is currently 42.11%.
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.
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