Bird Construction Inc. (TSE:BDT) to Issue Monthly Dividend of $0.07

Bird Construction Inc. (TSE:BDT) announced a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Shareholders of record on Thursday, February 20th will be paid a dividend of 0.07 per share on Thursday, February 20th. This represents a $0.84 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date is Friday, January 31st.

Bird Construction Price Performance

Shares of TSE:BDT traded up C$0.50 on Wednesday, hitting C$25.23. The company had a trading volume of 9,565 shares, compared to its average volume of 253,902. The company has a market cap of C$1.40 billion, a PE ratio of 16.17, a PEG ratio of 0.53 and a beta of 1.05. The business has a 50 day moving average of C$26.67 and a 200 day moving average of C$26.15. Bird Construction has a 52-week low of C$15.08 and a 52-week high of C$32.67. The company has a current ratio of 1.25, a quick ratio of 1.20 and a debt-to-equity ratio of 70.40.

Bird Construction (TSE:BDT) last issued its quarterly earnings results on Tuesday, November 5th. The company reported C$0.69 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of C$898.94 million during the quarter, compared to the consensus estimate of C$961.37 million. As a group, equities analysts anticipate that Bird Construction will post 2.7598533 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Raymond James lifted their price target on shares of Bird Construction from C$30.00 to C$35.00 in a research report on Thursday, October 10th. BMO Capital Markets upped their price target on shares of Bird Construction from C$30.00 to C$35.00 in a research report on Thursday, October 10th. ATB Capital raised their price objective on Bird Construction from C$33.00 to C$35.00 in a research report on Thursday, October 10th. National Bankshares upped their target price on Bird Construction from C$23.00 to C$28.00 in a research report on Thursday, October 10th. Finally, Stifel Nicolaus raised their target price on Bird Construction from C$37.00 to C$38.00 in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Bird Construction currently has a consensus rating of “Moderate Buy” and an average target price of C$33.00.

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.