Bird Construction (TSE:BDT) Hits New 52-Week High – Here’s Why

Bird Construction Inc. (TSE:BDT)’s share price hit a new 52-week high on Monday . The stock traded as high as C$47.63 and last traded at C$47.52, with a volume of 99346 shares trading hands. The stock had previously closed at C$47.28.

Analysts Set New Price Targets

Several equities analysts recently weighed in on BDT shares. National Bank Financial lifted their price target on Bird Construction from C$39.00 to C$48.00 and gave the company an “outperform” rating in a research note on Wednesday, April 8th. ATB Cormark Capital Markets lifted their price target on Bird Construction from C$35.00 to C$38.00 and gave the company an “outperform” rating in a research note on Friday, March 13th. Canaccord Genuity Group lifted their price target on Bird Construction from C$33.00 to C$37.00 and gave the company a “buy” rating in a research note on Friday, March 13th. Canadian Imperial Bank of Commerce lifted their price target on Bird Construction from C$40.00 to C$52.00 in a research note on Thursday. Finally, TD Securities lifted their price target on Bird Construction from C$31.00 to C$44.00 and gave the company a “buy” rating in a research note on Monday, March 16th. Seven analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$44.50.

Bird Construction Trading Up 0.8%

The firm has a market capitalization of C$2.64 billion, a price-to-earnings ratio of 55.40, a PEG ratio of 0.53 and a beta of 0.14. The company has a fifty day moving average price of C$34.70 and a two-hundred day moving average price of C$30.95. The company has a current ratio of 1.26, a quick ratio of 1.20 and a debt-to-equity ratio of 75.66.

Bird Construction (TSE:BDT) last issued its earnings results on Wednesday, March 11th. The company reported C$0.57 earnings per share for the quarter. The business had revenue of C$877.01 million for the quarter. Bird Construction had a return on equity of 10.81% and a net margin of 1.40%. As a group, research analysts forecast that Bird Construction Inc. will post 2.7598533 earnings per share for the current fiscal year.

Bird Construction Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 20th. Investors of record on Wednesday, May 20th will be given a $0.07 dividend. This represents a c) annualized dividend and a yield of 1.8%. The ex-dividend date is Thursday, April 30th. Bird Construction’s dividend payout ratio is presently 97.67%.

About Bird Construction

Bird Construction Inc operates as a general contractor in the Canadian construction market. The company focuses primarily on projects in the industrial, commercial and institutional sectors of the general contracting industry. It provides construction services such as new construction for industrial, commercial, and institutional markets; industrial maintenance, repair and operations (MRO) services, heavy civil construction and contract surface mining; as well as vertical infrastructure including, electrical, mechanical, and specialty trades.