Bird Construction (TSE:BDT) Hits New 52-Week High at $19.44

Bird Construction Inc. (TSE:BDT - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$19.44 and last traded at C$19.38, with a volume of 190513 shares. The stock had previously closed at C$18.98.

Analyst Ratings Changes

BDT has been the subject of several analyst reports. National Bankshares boosted their price objective on 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. ATB Capital boosted their price objective on Bird Construction from C$16.50 to C$23.00 and gave the stock an "outperform" rating in a research report on Thursday, March 7th. Raymond James boosted their price objective on Bird Construction from C$18.50 to C$20.50 and gave the stock an "outperform" rating in a research report on Wednesday, March 6th. Canaccord Genuity Group boosted their price objective on 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. Finally, National Bank Financial downgraded Bird Construction from an "outperform market weight" rating to a "sector perform market weight" rating in a research report on Wednesday, January 3rd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$20.06.

Bird Construction Price Performance

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 firm has a market capitalization of C$1.05 billion, a price-to-earnings ratio of 14.63, a P/E/G ratio of 0.53 and a beta of 1.21. The stock's 50 day moving average price is C$18.15 and its two-hundred day moving average price is C$14.81.

Bird Construction (TSE:BDT - Get Free Report) last posted its quarterly earnings results on Tuesday, March 5th. The company reported C$0.45 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of C$792.07 million for the quarter, compared to the consensus estimate of C$722.63 million. Analysts anticipate that Bird Construction Inc. will post 1.7851782 EPS for the current fiscal year.

Bird Construction Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 17th will be paid a $0.0467 dividend. The ex-dividend date of this dividend is Monday, April 29th. This is an increase from Bird Construction's previous monthly dividend of $0.04. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.88%. Bird Construction's dividend payout ratio is 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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