Bird Construction (TSE:BDT) Hits New 1-Year Low – Here’s What Happened

Shares of Bird Construction Inc. (TSE:BDT) reached a new 52-week low during mid-day trading on Monday . The company traded as low as C$17.52 and last traded at C$18.20, with a volume of 42669 shares traded. The stock had previously closed at C$18.98.

Analyst Ratings Changes

BDT has been the subject of several research reports. Stifel Nicolaus dropped their price objective on shares of Bird Construction from C$38.00 to C$37.00 and set a “buy” rating for the company in a research note on Friday, March 14th. Cibc World Mkts upgraded Bird Construction from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 14th. Canaccord Genuity Group reduced their price objective on Bird Construction from C$36.00 to C$35.00 and set a “buy” rating on the stock in a research report on Friday, March 14th. CIBC lowered their target price on Bird Construction from C$36.00 to C$31.00 in a report on Friday, March 14th. Finally, TD Securities cut their price target on Bird Construction from C$36.00 to C$33.00 and set a “buy” rating on the stock in a research note on Tuesday, March 18th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$32.67.

Bird Construction Stock Up 1.0 %

The stock has a 50-day moving average price of C$22.39 and a 200-day moving average price of C$25.56. The company has a market capitalization of C$1.07 billion, a P/E ratio of 11.61, a P/E/G ratio of 0.53 and a beta of 1.05. The company has a debt-to-equity ratio of 74.70, a current ratio of 1.25 and a quick ratio of 1.20.

Bird Construction Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Tuesday, May 20th will be given a $0.07 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.38%. Bird Construction’s dividend payout ratio (DPR) is currently 50.87%.

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.