Bird Construction Inc. (TSE:BDT – Get Free Report)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$8.99 and traded as high as C$10.95. Bird Construction shares last traded at C$10.68, with a volume of 39,086 shares changing hands.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the company. CIBC boosted their price target on Bird Construction from C$10.50 to C$12.00 in a research report on Friday, August 11th. Stifel Nicolaus increased their price target on Bird Construction from C$14.00 to C$15.00 in a research note on Friday, August 11th. TD Securities raised Bird Construction from a “hold” rating to a “buy” rating and raised their price target for the company from C$10.50 to C$12.50 in a report on Tuesday, August 15th. Finally, ATB Capital upped their price objective on shares of Bird Construction from C$12.25 to C$13.25 in a report on Friday, August 11th.
Get Our Latest Report on Bird Construction
Bird Construction Trading Down 2.1 %
Bird Construction (TSE:BDT – Get Free Report) last announced its earnings results on Wednesday, August 9th. The company reported C$0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.22 by C$0.07. Bird Construction had a net margin of 1.89% and a return on equity of 18.04%. The company had revenue of C$686.42 million during the quarter, compared to analysts’ expectations of C$596.97 million. As a group, research analysts expect that Bird Construction Inc. will post 1.172043 EPS for the current year.
Bird Construction Increases Dividend
The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Wednesday, September 20th will be paid a dividend of $0.036 per share. This represents a $0.43 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date of this dividend is Wednesday, August 30th. This is a positive change from Bird Construction’s previous monthly dividend of $0.04. Bird Construction’s dividend payout ratio (DPR) is 47.78%.
About Bird Construction
Bird Construction Inc provides construction services in Canada. The company primarily focuses on projects in the industrial, commercial, and institutional, and civil 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.
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