Bird Construction Inc. (TSE:BDT) Shareholders to Get $0.07 Monthly Dividend

Key Points

• Bird Construction declared a monthly dividend of C$0.07 per share, equal to C$0.84 annually and a 1.1% yield. The ex-dividend and record dates are September 29 and October 20, respectively.
• The stock recently traded at C$79.20, down 0.8%, while remaining near its 12-month high of C$84.86. The company reported quarterly revenue of C$1.04 billion and EPS of C$0.70.
• Analysts remain bullish, with nine Buy ratings and a consensus rating of “Buy”; several firms raised their price targets, including National Bank Financial to C$92.

Bird Construction Inc. (TSE:BDT - Get Free Report) announced a monthly dividend on Tuesday, September 29th. Shareholders of record on Tuesday, October 20th will be paid 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 Trading Down 0.8%

Bird Construction stock traded down C$0.61 during trading hours on Friday, reaching C$79.20. 294,753 shares of the company's stock were exchanged, compared to its average volume of 299,658. The firm's 50 day simple moving average is C$71.07 and its 200 day simple moving average is C$59.17. Bird Construction has a twelve month low of C$23.56 and a twelve month high of C$84.86. The company has a quick ratio of 1.20, a current ratio of 1.32 and a debt-to-equity ratio of 93.81. The firm has a market capitalization of C$4.39 billion, a PE ratio of 74.02, a PEG ratio of 0.53 and a beta of 0.48.

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

Analysts Set New Price Targets

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

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