Bird Construction Inc. (TSE:BDT) Plans Dividend Increase – $0.05 Per Share

Bird Construction Inc. (TSE:BDT) declared a monthly dividend on Monday, April 29th, TickerTech reports. Investors of record on Friday, May 17th will be given a dividend of 0.0467 per share on Friday, May 17th. This represents a $0.56 annualized dividend and a yield of 2.93%. The ex-dividend date is Monday, April 29th. This is a positive change from Bird Construction’s previous monthly dividend of $0.04.

Bird Construction Stock Performance

Bird Construction stock traded up C$0.21 during mid-day trading on Friday, reaching C$19.14. 44,648 shares of the stock traded hands, compared to its average volume of 135,597. The company has a debt-to-equity ratio of 46.93, a current ratio of 1.26 and a quick ratio of 1.20. The business’s 50-day moving average is C$18.27 and its 200-day moving average is C$14.87. The stock has a market capitalization of C$1.03 billion, a PE ratio of 14.39, a price-to-earnings-growth ratio of 0.53 and a beta of 1.21. Bird Construction has a 12-month low of C$8.01 and a 12-month high of C$19.47.

Bird Construction (TSE:BDT) last issued its quarterly earnings results 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. The business had revenue of C$792.07 million during the quarter, compared to analysts’ expectations of C$722.63 million. Bird Construction had a return on equity of 24.03% and a net margin of 2.56%. As a group, sell-side analysts predict that Bird Construction will post 1.7851782 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on BDT shares. National Bank Financial cut Bird Construction from an “outperform market weight” rating to a “sector perform market weight” rating in a research report on Wednesday, January 3rd. CIBC cut Bird Construction from an “outperform” rating to a “neutral” rating and increased their target price for the stock from C$17.00 to C$20.00 in a research report on Thursday, March 7th. Canaccord Genuity Group increased their target price 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. National Bankshares increased their target price 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. Finally, Stifel Nicolaus increased their target price on Bird Construction from C$18.50 to C$24.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$20.06.

Bird Construction Company Profile

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.