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

Key Points

• Bird Construction hit a new 52-week high of C$41.86 (last C$41.80) and several analysts raised targets—TD to C$44 and BMO to C$52—leaving an average consensus rating of Buy and an average target of C$41.38.
• The company has a C$2.31B market cap with a high P/E of 48.43 and low PEG of 0.53, combined with reasonable short-term liquidity (quick ratio 1.20) but elevated leverage (debt-to-equity 75.66), indicating growth expectations already priced in.
• Bird pays a monthly dividend of C$0.07 (annual yield ~2.0%) with an ex-dividend date of April 30 and payment May 20, though the dividend payout ratio is very high at ~97.7%.

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. TD Securities increased their price target on shares of Bird Construction from C$31.00 to C$44.00 and gave the company a "buy" rating in a research note on Monday, March 16th. National Bank Financial increased their price objective on Bird Construction from C$34.00 to C$39.00 and gave the stock an "outperform" rating in a research report on Friday, March 13th. 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. BMO Capital Markets lifted their target price on Bird Construction from C$38.00 to C$52.00 and gave the company an "outperform" rating in a research report on Thursday, March 26th. Finally, Canaccord Genuity Group upped their price target on Bird Construction from C$33.00 to C$37.00 and gave the company a "buy" rating in a research note on Friday, March 13th. Seven equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of C$41.38.

Bird Construction Stock Performance

The company has a quick ratio of 1.20, a current ratio of 1.26 and a debt-to-equity ratio of 75.66. The firm has a 50-day moving average price of C$33.34 and a 200 day moving average price of C$30.41. The firm has a market capitalization of C$2.31 billion, a PE ratio of 48.43, a price-to-earnings-growth ratio of 0.53 and a beta of 0.14.

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

Bird Construction Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Wednesday, May 20th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 2.0%. 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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