Bird Construction (TSE:BDT) Hits New 52-Week High – Still a Buy?

Bird Construction Inc. (TSE:BDT)’s share price reached a new 52-week high on Thursday . The company traded as high as C$77.95 and last traded at C$77.88, with a volume of 231677 shares. The stock had previously closed at C$75.50.

Wall Street Analysts Forecast Growth

BDT has been the subject of several research analyst reports. Canadian Imperial Bank of Commerce lifted their price objective on Bird Construction from C$71.00 to C$83.00 in a research note on Friday, August 14th. BMO Capital Markets increased their price objective on Bird Construction from C$75.00 to C$85.00 in a report on Thursday, August 13th. Stifel Nicolaus upped their target price on Bird Construction from C$85.00 to C$87.00 and gave the company a “buy” rating in a report on Friday, August 14th. ATB Cormark Capital Markets raised their target price on Bird Construction from C$57.00 to C$87.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Finally, National Bank Financial boosted their price target on Bird Construction from C$72.00 to C$92.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Nine investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Bird Construction presently has a consensus rating of “Buy” and a consensus target price of C$75.60.

Bird Construction Price Performance

The firm has a 50-day simple moving average of C$69.88 and a 200-day simple moving average of C$56.99. The firm has a market capitalization of C$4.32 billion, a PE ratio of 72.90, a PEG ratio of 0.53 and a beta of 0.48. The company has a debt-to-equity ratio of 93.81, a current ratio of 1.32 and a quick ratio of 1.20.

Bird Construction (TSE:BDT) last posted its quarterly earnings data on Wednesday, August 12th. The company reported C$0.70 earnings per share (EPS) for the quarter. The company had revenue of C$1.04 billion for the quarter. Bird Construction had a net margin of 1.63% and a return on equity of 13.41%. As a group, equities analysts forecast that Bird Construction Inc. will post 2.7598533 earnings per share for the current year.

Bird Construction Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 20th. Investors of record on Tuesday, October 20th will be paid a dividend of $0.07 per share. The ex-dividend date is Tuesday, September 29th. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. Bird Construction’s payout ratio is 78.50%.

Bird Construction Company Profile

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.