North American Construction Group Ltd. (TSE:NOA) Director Buys C$317,400.00 in Stock

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) Director Martin Robert Ferron acquired 12,000 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The stock was bought at an average cost of C$26.45 per share, with a total value of C$317,400.00.

Martin Robert Ferron also recently made the following trade(s):

• On Tuesday, May 21st, Martin Robert Ferron acquired 5,000 shares of North American Construction Group stock. The stock was bought at an average cost of C$19.81 per share, with a total value of C$99,050.00.
• On Thursday, May 16th, Martin Robert Ferron acquired 5,000 shares of North American Construction Group stock. The stock was bought at an average cost of C$27.68 per share, with a total value of C$138,400.00.
• On Tuesday, April 2nd, Martin Robert Ferron sold 20,000 shares of North American Construction Group stock. The shares were sold at an average price of C$22.85, for a total transaction of C$457,000.00.

North American Construction Group Trading Up 0.4 %

NOA opened at C$26.12 on Thursday. North American Construction Group Ltd. has a twelve month low of C$24.18 and a twelve month high of C$34.87. The company has a quick ratio of 0.79, a current ratio of 1.04 and a debt-to-equity ratio of 206.01. The company has a fifty day moving average of C$28.14 and a 200-day moving average of C$29.73. The stock has a market cap of C$698.19 million, a PE ratio of 14.76, a price-to-earnings-growth ratio of 0.79 and a beta of 1.64.

North American Construction Group (TSE:NOA) (NYSE:NOA) last posted its quarterly earnings data on Wednesday, May 1st. The company reported C$0.67 earnings per share for the quarter, topping the consensus estimate of C$0.56 by C$0.11. North American Construction Group had a net margin of 5.21% and a return on equity of 15.22%. The company had revenue of C$297.03 million during the quarter, compared to analysts’ expectations of C$295.07 million. On average, sell-side analysts predict that North American Construction Group Ltd. will post 4.4793388 EPS for the current year.

North American Construction Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, July 5th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Friday, May 31st. North American Construction Group’s dividend payout ratio (DPR) is presently 22.60%.

Analyst Ratings Changes

Several equities analysts recently commented on NOA shares. BMO Capital Markets dropped their price objective on shares of North American Construction Group from C$39.00 to C$37.00 and set an “outperform” rating for the company in a research note on Thursday, May 2nd. TD Securities upgraded shares of North American Construction Group from a “hold” rating to a “buy” rating and set a C$34.00 price target for the company in a research report on Thursday, April 18th. ATB Capital decreased their price target on shares of North American Construction Group from C$46.00 to C$45.00 in a research report on Thursday, March 14th. National Bankshares upped their price target on shares of North American Construction Group from C$46.00 to C$47.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Finally, CIBC upped their price target on shares of North American Construction Group from C$32.50 to C$33.00 in a research report on Friday, March 15th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$40.57.

About North American Construction Group

North American Construction Group Ltd. provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States. The company operates Heavy Equipment – Canada, Heavy Equipment – Australia, and Other segments.