Bird Construction Inc. (TSE:BDT) will issue a dividend increase – $0.03 per share
Construction Birds Inc. (TSE:BDT – Get Rating) declared a monthly dividend on Wednesday, June 29, TickerTech reports. Shareholders of record on Wednesday July 20 will receive a dividend of 0.0325 per share on Wednesday July 20. This represents a dividend of $0.39 on an annualized basis and a dividend yield of 5.06%. The ex-dividend date is Wednesday, June 29. This is an increase from Bird Construction’s previous monthly dividend of $0.03.
Shares of Bird Construction traded C$0.09 lower on Tuesday, hitting C$7.71. The stock had a trading volume of 98,730 shares, compared to an average volume of 99,941. The company has a 50-day moving average price of C$8.35 and a 200-day moving average price of 9.04 $CAD. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt ratio of 63.26. Bird Construction has a 1 year minimum of C$7.61 and a 1 year maximum of C$10.78. The stock has a market capitalization of C$413.99 million and a P/E ratio of 9.91.
Bird Construction (TSE:BDT – Get Rating) last reported quarterly earnings data on Tuesday, May 10. The company reported EPS of C$0.12 for the quarter, matching the consensus estimate of C$0.12. The company posted revenue of C$475.52 million for the quarter, compared to analyst estimates of C$557.34 million. On average, analysts expect Bird Construction to post 1.16 earnings per share for the current fiscal year.
Several research companies have recently weighed in on BDT. CIBC lowered its target price on Bird Construction shares from C$13.00 to C$12.00 and set an “outperform” rating for the company in a report released Thursday, May 12. Raymond James set a price target of C$13.50 on Bird Construction shares and gave the stock an “outperforming” rating in a Thursday, May 12 report. Finally, TD Securities cut its price target on Bird Construction shares from C$12.50 to C$10.50 and set a “buy” rating for the company in a Friday, May 13 report. Five investment analysts have rated the stock with a buy rating. Based on data from MarketBeat.com, Bird Construction currently has an average rating of “Buy” and an average target price of CA$11.92.
Bird Construction Company Profile (Get an assessment)
Bird Construction Inc operates as a general contractor in Canada. The company primarily focuses on projects in the industrial, commercial and institutional sectors of the general contracting industry. It constructs industrial buildings, including manufacturing, processing, distribution and warehousing facilities; undertakes structural, mechanical, piping, electrical and instrumentation work which includes off-site fabrication of metal and modules; and provides insulation, metal facing and coating, conduit, asbestos removal, and high voltage testing and commissioning services, as well as power line construction.
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