North American Construction Group Ltd. (TSE:NOA) Director Maryse C. Saint-Laurent Purchases 2,000 Shares

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) Director Maryse C. Saint-Laurent acquired 2,000 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were bought at an average cost of C$25.88 per share, with a total value of C$51,760.00.

North American Construction Group Trading Down 4.5 %

Shares of TSE:NOA traded down C$1.17 during midday trading on Friday, hitting C$24.76. 38,376 shares of the stock traded hands, compared to its average volume of 68,890. North American Construction Group Ltd. has a one year low of C$23.59 and a one year high of C$34.87. The company has a quick ratio of 0.79, a current ratio of 1.03 and a debt-to-equity ratio of 210.33. The business’s 50 day moving average is C$26.13 and its two-hundred day moving average is C$28.51. The stock has a market capitalization of C$661.83 million, a PE ratio of 14.17, a P/E/G ratio of 0.79 and a beta of 1.61.

North American Construction Group (TSE:NOA) (NYSE:NOA) last announced its quarterly earnings results on Wednesday, July 31st. The company reported C$0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.79 by C$0.06. North American Construction Group had a net margin of 4.99% and a return on equity of 15.19%. The company had revenue of C$276.31 million for the quarter, compared to analysts’ expectations of C$314.61 million. As a group, research analysts forecast that North American Construction Group Ltd. will post 3.9671642 earnings per share for the current year.

North American Construction Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, August 30th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date is Friday, August 30th. North American Construction Group’s dividend payout ratio (DPR) is presently 21.86%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. ATB Capital lowered their price target on shares of North American Construction Group from C$45.00 to C$40.00 in a research note on Friday, August 2nd. National Bankshares lowered their price target on shares of North American Construction Group from C$47.00 to C$39.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Raymond James lowered their price target on shares of North American Construction Group from C$40.00 to C$35.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. TD Securities lowered their price objective on shares of North American Construction Group from C$34.00 to C$33.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Finally, BMO Capital Markets lowered their price objective on shares of North American Construction Group from C$37.00 to C$32.00 in a research note on Thursday, August 1st. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, North American Construction Group currently has an average rating of “Buy” and an average target price of C$37.00.

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.