Bird Construction (TSE:BDT) Reaches New 1-Year High - Here's What Happened

Bird Construction Inc. (TSE:BDT - Get Free Report) shares hit a new 52-week high on Wednesday . The company traded as high as C$28.58 and last traded at C$28.58, with a volume of 10233 shares trading hands. The stock had previously closed at C$26.69.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on BDT shares. ATB Capital lifted their target price on shares of Bird Construction from C$29.00 to C$33.00 in a report on Friday, August 9th. TD Securities lifted their target price on shares of Bird Construction from C$30.00 to C$31.00 and gave the company a "buy" rating in a report on Tuesday, August 13th. BMO Capital Markets lifted their target price on shares of Bird Construction from C$29.00 to C$30.00 in a report on Tuesday, July 16th. Stifel Nicolaus lifted their price target on shares of Bird Construction from C$31.00 to C$34.00 in a research note on Friday, October 4th. Finally, National Bankshares lifted their price target on shares of Bird Construction from C$21.00 to C$23.00 and gave the stock a "sector perform" rating in a research note on Tuesday, June 11th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, Bird Construction currently has a consensus rating of "Moderate Buy" and a consensus target price of C$28.13.

Bird Construction Stock Performance

The company has a current ratio of 1.25, a quick ratio of 1.20 and a debt-to-equity ratio of 70.40. The business's 50-day moving average is C$23.48 and its two-hundred day moving average is C$22.70. The firm has a market cap of C$1.65 billion, a P/E ratio of 19.01, a P/E/G ratio of 0.53 and a beta of 1.05.

Bird Construction (TSE:BDT - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported C$0.42 earnings per share for the quarter, beating analysts' consensus estimates of C$0.38 by C$0.04. Bird Construction had a net margin of 2.68% and a return on equity of 26.97%. The business had revenue of C$873.54 million during the quarter, compared to the consensus estimate of C$772.65 million. As a group, analysts expect that Bird Construction Inc. will post 2.5901804 earnings per share for the current fiscal year.

Bird Construction Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 20th will be paid a dividend of $0.0467 per share. This represents a $0.56 dividend on an annualized basis and a yield of ∞. The ex-dividend date of this dividend is Thursday, October 31st. Bird Construction's payout ratio is 35.90%.

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.