Bird Construction Inc. (TSE:BDT) to Issue Dividend Increase – $0.07 Per Share

Bird Construction Inc. (TSE:BDT) announced a monthly dividend on Friday, November 29th,TickerTech Dividends reports. Shareholders of record on Friday, December 20th will be given a dividend of 0.07 per share on Friday, December 20th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend is Friday, November 29th. This is a positive change from Bird Construction’s previous monthly dividend of $0.05.

Bird Construction Trading Up 0.8 %

Shares of BDT traded up C$0.25 during mid-day trading on Wednesday, reaching C$30.63. 20,961 shares of the company were exchanged, compared to its average volume of 149,007. The business has a 50 day simple moving average of C$27.78 and a two-hundred day simple moving average of C$25.25. The company has a debt-to-equity ratio of 70.40, a quick ratio of 1.20 and a current ratio of 1.25. The stock has a market capitalization of C$1.70 billion, a PE ratio of 19.47, a PEG ratio of 0.53 and a beta of 1.05. Bird Construction has a 52 week low of C$11.64 and a 52 week high of C$32.67.

Bird Construction (TSE:BDT) last released its quarterly earnings results on Tuesday, November 5th. The company reported C$0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.67 by C$0.02. Bird Construction had a net margin of 2.68% and a return on equity of 26.97%. The firm had revenue of C$898.94 million during the quarter, compared to analyst estimates of C$961.37 million. On average, analysts predict that Bird Construction will post 2.7598533 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BDT has been the topic of a number of research analyst reports. National Bankshares upped their price target on shares of Bird Construction from C$23.00 to C$28.00 in a research report on Thursday, October 10th. BMO Capital Markets upped their target price on Bird Construction from C$30.00 to C$35.00 in a research report on Thursday, October 10th. Stifel Nicolaus lifted their target price on Bird Construction from C$37.00 to C$38.00 in a report on Thursday, November 7th. ATB Capital increased their price target on Bird Construction from C$33.00 to C$35.00 in a report on Thursday, October 10th. Finally, CIBC dropped their target price on shares of Bird Construction from C$31.00 to C$29.50 in a research report on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$32.44.

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.