Bird Construction (TSE:BDT) Reaches New 52-Week High at $19.47

Bird Construction Inc. (TSE:BDT) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as C$19.47 and last traded at C$19.44, with a volume of 41459 shares changing hands. The stock had previously closed at C$19.14.

Wall Street Analysts Forecast Growth

BDT has been the subject of several research analyst reports. National Bankshares upped their price objective on shares of Bird Construction from C$15.00 to C$18.00 and gave the company a “sector perform” rating in a research note on Thursday, March 7th. TD Securities raised their price target 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. CIBC cut shares of Bird Construction from an “outperform” rating to a “neutral” rating and lifted their price target for the company from C$17.00 to C$20.00 in a research report on Thursday, March 7th. Raymond James increased their price target on Bird Construction from C$18.50 to C$20.50 and gave the company an “outperform” rating in a report on Wednesday, March 6th. Finally, Canaccord Genuity Group lifted their price objective on shares of Bird Construction from C$16.00 to C$21.00 and gave the stock a “neutral” rating in a report on Thursday, March 7th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$21.21.

Bird Construction Stock Up 0.8 %

The stock has a market cap of C$1.04 billion, a P/E ratio of 14.39, a PEG ratio of 0.53 and a beta of 1.21. 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 50-day simple moving average of C$18.50 and a 200-day simple moving average of C$15.17.

Bird Construction (TSE:BDT) last posted its quarterly earnings data on Tuesday, March 5th. The company reported C$0.45 EPS for the quarter, topping analysts’ consensus estimates of C$0.40 by C$0.05. Bird Construction had a return on equity of 24.03% and a net margin of 2.56%. The business had revenue of C$792.07 million for the quarter, compared to analyst estimates of C$722.63 million. Analysts expect that Bird Construction Inc. will post 1.7851782 EPS for the current year.

Bird Construction Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 17th will be issued a $0.0467 dividend. This is a positive change from Bird Construction’s previous monthly dividend of $0.04. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.56 annualized dividend and a dividend yield of 2.90%. Bird Construction’s dividend 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.