Bird Construction (TSE:BDT) Sets New 52-Week High – Here’s What Happened

Bird Construction Inc. (TSE:BDT) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$61.42 and last traded at C$57.21, with a volume of 191237 shares changing hands. The stock had previously closed at C$57.79.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BDT. Jefferies Financial Group lifted their price objective on Bird Construction from C$44.00 to C$63.00 in a research note on Monday, April 27th. National Bank Financial lifted their price objective 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. Canadian Imperial Bank of Commerce lifted their price objective on Bird Construction from C$52.00 to C$61.00 in a research note on Tuesday, May 19th. BMO Capital Markets lifted their price objective on Bird Construction from C$60.00 to C$70.00 and gave the company an “outperform” rating in a research note on Monday, May 25th. Finally, Stifel Nicolaus set a C$55.00 price objective on Bird Construction and gave the company a “buy” rating in a research note on Friday, April 17th. Eight investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$59.20.

Bird Construction Stock Up 1.9%

The company has a debt-to-equity ratio of 88.19, a quick ratio of 1.20 and a current ratio of 1.24. The firm has a market cap of C$3.47 billion, a price-to-earnings ratio of 69.66, a price-to-earnings-growth ratio of 0.53 and a beta of 0.34. The firm has a 50-day moving average price of C$49.55 and a two-hundred day moving average price of C$36.82.

Bird Construction (TSE:BDT) last issued its earnings results on Wednesday, May 13th. The company reported C$0.25 earnings per share for the quarter. Bird Construction had a return on equity of 11.25% and a net margin of 1.43%.The business had revenue of C$783.37 million for the quarter. On average, sell-side analysts forecast that Bird Construction Inc. will post 2.7598533 earnings per share for the current year.

Bird Construction Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Wednesday, May 20th were given a dividend of $0.07 per share. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, April 30th. Bird Construction’s dividend payout ratio (DPR) is 93.33%.

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.