Bird Construction (TSE:BDT) Hits New 52-Week High - Here's Why

Key Points

• New 52‑week high: Shares traded as high as C$47.63 (last C$47.52) on Monday, amid multiple analyst target upgrades and a MarketBeat consensus rating of "Buy" with a consensus price target of C$44.50.
• Fundamentals and dividend: Bird has a C$2.64B market cap, a high P/E of 55.4 and a PEG of 0.53, and it declared a monthly dividend of C$0.07 (annual yield ~1.8%) with a dividend payout ratio of 97.67%, signaling limited room for higher payouts.
• Recent results: the company reported C$0.57 EPS on C$877.01M in quarterly revenue, and analysts project roughly C$2.76 EPS for the current year.

Shares of Bird Construction Inc. (TSE:BDT - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$47.63 and last traded at C$47.52, with a volume of 99346 shares traded. The stock had previously closed at C$47.28.

Analyst Ratings Changes

A number of equities analysts recently issued reports on BDT shares. ATB Cormark Capital Markets raised their target price on Bird Construction from C$35.00 to C$38.00 and gave the stock an "outperform" rating in a research note on Friday, March 13th. National Bank Financial raised their target price on Bird Construction from C$39.00 to C$48.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 8th. Raymond James Financial raised their target price on Bird Construction from C$34.00 to C$44.00 and gave the stock an "outperform" rating in a research note on Friday, March 13th. BMO Capital Markets raised their target price on Bird Construction from C$38.00 to C$52.00 and gave the stock an "outperform" rating in a research note on Thursday, March 26th. Finally, TD Securities raised their target price on Bird Construction from C$31.00 to C$44.00 and gave the stock a "buy" rating in a research note on Monday, March 16th. Seven research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of C$44.50.

Bird Construction Price Performance

The stock has a 50 day simple moving average of C$34.70 and a two-hundred day simple moving average of C$30.95. The firm has a market cap of C$2.64 billion, a PE ratio of 55.40, a price-to-earnings-growth ratio of 0.53 and a beta of 0.14. The company has a debt-to-equity ratio of 75.66, a quick ratio of 1.20 and a current ratio of 1.26.

Bird Construction (TSE:BDT - Get Free Report) last released its quarterly earnings data 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 return on equity of 10.81% and a net margin of 1.40%. Sell-side analysts expect that Bird Construction Inc. will post 2.7598533 earnings per share for the current year.

Bird Construction Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 20th. Shareholders of record on Wednesday, May 20th will be paid a dividend of $0.07 per share. The ex-dividend date is Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 1.8%. Bird Construction's dividend payout ratio (DPR) is presently 97.67%.

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.

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