North American Construction Group Ltd. (NOA) To Go Ex-Dividend on March 13th

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) announced a quarterly dividend on Thursday, March 13th, TickerTech Dividends reports. Stockholders of record on Wednesday, April 9th will be paid a dividend of 0.12 per share on Wednesday, April 9th. This represents a $0.48 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend is Thursday, March 13th.

North American Construction Group Stock Down 5.8 %

North American Construction Group stock opened at C$22.96 on Tuesday. The firm has a market capitalization of C$614.57 million, a P/E ratio of 10.79, a P/E/G ratio of 0.79 and a beta of 1.59. The stock’s fifty day simple moving average is C$27.77 and its 200-day simple moving average is C$27.16. North American Construction Group has a twelve month low of C$22.68 and a twelve month high of C$34.87. The company has a current ratio of 1.13, a quick ratio of 0.79 and a debt-to-equity ratio of 212.25.

Insider Buying and Selling

In related news, Director Martin Robert Ferron sold 6,209 shares of the company’s stock in a transaction on Wednesday, January 1st. The shares were sold at an average price of C$31.60, for a total value of C$196,204.40. 8.93% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on NOA. Raymond James raised shares of North American Construction Group from an “outperform” rating to a “strong-buy” rating and set a C$40.00 price objective on the stock in a research report on Thursday, January 30th. National Bankshares dropped their target price on North American Construction Group from C$45.00 to C$44.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. CIBC raised North American Construction Group from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from C$30.00 to C$38.00 in a report on Thursday, December 5th. Canaccord Genuity Group upped their price objective on North American Construction Group from C$32.00 to C$33.00 in a research report on Friday, December 6th. Finally, Cibc World Mkts raised North American Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 5th. Six investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, North American Construction Group presently has an average rating of “Buy” and an average price target of C$38.13.

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.