Bird Construction (TSE:BDT) Hits New 1-Year High at $19.30

Bird Construction Inc. (TSE:BDT - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The company traded as high as C$19.30 and last traded at C$19.29, with a volume of 56369 shares. The stock had previously closed at C$19.03.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BDT. ATB Capital lifted their price objective on Bird Construction from C$16.50 to C$23.00 and gave the stock an "outperform" rating in a research note on Thursday, March 7th. TD Securities lifted their price objective on Bird Construction from C$17.00 to C$22.00 and gave the stock a "buy" rating in a research note on Friday, March 8th. Stifel Nicolaus boosted their price target on Bird Construction from C$18.50 to C$24.00 and gave the company a "buy" rating in a research note on Thursday, March 7th. CIBC lowered Bird Construction from an "outperform" rating to a "neutral" rating and boosted their price target for the company from C$17.00 to C$20.00 in a research note on Thursday, March 7th. Finally, Raymond James boosted their price target on Bird Construction from C$18.50 to C$20.50 and gave the company an "outperform" rating in a research note on Wednesday, March 6th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Bird Construction currently has an average rating of "Moderate Buy" and a consensus target price of C$20.06.

Bird Construction Stock Up 1.2 %

The company has a quick ratio of 1.20, a current ratio of 1.26 and a debt-to-equity ratio of 46.93. The business has a fifty day simple moving average of C$17.37 and a two-hundred day simple moving average of C$14.10. The company has a market capitalization of C$1.04 billion, a price-to-earnings ratio of 14.50, a P/E/G ratio of 0.53 and a beta of 1.21.

Bird Construction (TSE:BDT - Get Free Report) last released its quarterly earnings data on Tuesday, March 5th. The company reported C$0.45 earnings per share for the quarter, beating analysts' consensus estimates of C$0.40 by C$0.05. The company had revenue of C$792.07 million for the quarter, compared to the consensus estimate of C$722.63 million. Bird Construction had a return on equity of 24.03% and a net margin of 2.56%. Equities analysts expect that Bird Construction Inc. will post 1.7851782 EPS for the current year.

Bird Construction Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 17th will be issued a dividend of $0.0467 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.91%. This is an increase from Bird Construction's previous monthly dividend of $0.04. The ex-dividend date is Monday, April 29th. Bird Construction's payout ratio is presently 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.