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

Bird Construction Inc. (TSE:BDT)’s share price reached a new 52-week high during mid-day trading on Friday . The company 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 Analyst Weigh In

A number of research firms have weighed in on BDT. Raymond James increased their price target on shares of Bird Construction from C$18.50 to C$20.50 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. TD Securities lifted their target price on Bird Construction from C$17.00 to C$22.00 and gave the company a “buy” rating in a report on Friday, March 8th. National Bankshares upped their price target on Bird Construction from C$15.00 to C$18.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 7th. Canaccord Genuity Group lifted their price objective on Bird Construction from C$16.00 to C$21.00 and gave the company a “neutral” rating in a research note on Thursday, March 7th. Finally, ATB Capital boosted their target price on Bird Construction from C$16.50 to C$23.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Bird Construction currently has a consensus rating of “Moderate Buy” and a consensus price target of C$21.21.

Bird Construction Stock Performance

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 company has a market cap of C$1.04 billion, a price-to-earnings ratio of 14.51, a PEG ratio of 0.53 and a beta of 1.21. The stock has a 50 day simple moving average of C$18.55 and a 200 day simple moving average of C$15.26.

Bird Construction (TSE:BDT) last released its quarterly earnings results on Tuesday, March 5th. The company reported C$0.45 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.40 by C$0.05. The firm 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, analysts predict that Bird Construction Inc. will post 1.7851782 EPS for the current year.

Bird Construction Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 17th will be issued a $0.0467 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.56 dividend on an annualized basis and a yield of 2.90%. This is a positive change from Bird Construction’s previous monthly dividend of $0.04. Bird Construction’s payout ratio is currently 42.11%.

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.