Bird Construction - BDT Stock Forecast, Price & News

Bird Construction Inc. operates as a general contractor in Canada. The company primarily focuses on projects in the industrial, commercial, and institutional sectors of the general contracting industry. It constructs industrial buildings, including manufacturing, processing, distribution, and warehouse facilities; undertakes structural, mechanical, piping, electrical, and instrumentation works that include off-site metal and modular fabrication; and provides insulation, metal siding and cladding, ductwork, asbestos abatement, and high voltage testing and commissioning services, as well as constructs power lines. The company also engages in the civil construction operations, such as site preparation and earthworks, underground piping, foundations, and other concrete services, as well as mine support and hydroelectric construction service; and civil infrastructure operations comprising road, bridge, rail, and underground utilities installation. In addition, it constructs and renovates hospitals, post-secondary education facilities, K-12 schools, recreation facilities, prisons, courthouses, government buildings, and long term care and senior housing facilities; and constructs and renovates office buildings, shopping malls, big box stores, hotels, and mixed-use high-rise and mid-rise residential projects, and well as offers electrical and related system services, which include electrical and mechanical infrastructure design and installation, data communications, security, and lifecycle services. It serves clients in the oil and gas, liquefied natural gas, mining, renewables, water and wastewater, nuclear, infrastructure, and residential sectors. Bird Construction Inc. was founded in 1920 and is based in Mississauga, Canada.

Bird Construction Trading Up 1.0 %

TSE:BDT opened at C$7.10 on Friday. The company has a market capitalization of C$381.23 million and a P/E ratio of 8.99. The stock's 50 day moving average price is C$7.41 and its 200 day moving average price is C$8.41. The company has a debt-to-equity ratio of 63.26, a quick ratio of 1.20 and a current ratio of 1.22. Bird Construction has a 52 week low of C$6.85 and a 52 week high of C$10.78.

Bird Construction Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, August 19th. Stockholders of record on Friday, August 19th will be issued a dividend of $0.0325 per share. The ex-dividend date is Thursday, July 28th. This represents a $0.39 dividend on an annualized basis and a dividend yield of 5.49%. Bird Construction's dividend payout ratio is currently 16.46%.

Analyst Ratings Changes

A number of equities analysts recently commented on BDT shares. ATB Capital decreased their price objective on shares of Bird Construction from C$12.75 to C$10.00 in a research note on Thursday, August 11th. TD Securities lowered Bird Construction from a "buy" rating to a "hold" rating and dropped their price target for the company from C$10.50 to C$8.00 in a research report on Monday, August 8th. Stifel Nicolaus decreased their price objective on Bird Construction from C$9.50 to C$9.00 in a research report on Thursday, August 11th. Raymond James dropped their target price on Bird Construction from C$12.00 to C$11.00 and set an "outperform" rating on the stock in a report on Thursday, August 11th. Finally, CIBC downgraded shares of Bird Construction from an "outperform" rating to a "neutral" rating and lowered their price objective for the company from C$12.00 to C$9.00 in a research report on Wednesday, July 13th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Bird Construction has a consensus rating of "Moderate Buy" and a consensus target price of C$9.64.