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

Bird Construction Inc. (TSE:BDT) declared a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Stockholders 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 dividend yield of 3.40%. The ex-dividend date is Friday, January 31st.

Bird Construction Stock Performance

Shares of BDT opened at C$24.73 on Wednesday. The stock’s 50-day simple moving average is C$26.67 and its 200 day simple moving average is C$26.15. The stock has a market capitalization of C$1.37 billion, a price-to-earnings ratio of 15.85, a price-to-earnings-growth ratio of 0.53 and a beta of 1.05. The company has a debt-to-equity ratio of 70.40, a quick ratio of 1.20 and a current ratio of 1.25. Bird Construction has a 52-week low of C$15.08 and a 52-week high of C$32.67.

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

Wall Street Analysts Forecast Growth

BDT has been the topic of several recent research reports. CIBC raised their price target on Bird Construction from C$29.50 to C$34.00 in a research report on Friday, December 13th. Raymond James raised their price target on Bird Construction from C$30.00 to C$35.00 in a research report on Thursday, October 10th. BMO Capital Markets raised their price target on Bird Construction from C$30.00 to C$35.00 in a research report on Thursday, October 10th. National Bankshares increased their price objective on Bird Construction from C$23.00 to C$28.00 in a report on Thursday, October 10th. Finally, TD Securities increased their price objective on Bird Construction from C$31.00 to C$36.00 in a report on Thursday, October 10th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.