Martin Robert Ferron Buys 4,000 Shares of North American Construction Group Ltd. (TSE:NOA) Stock

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) Director Martin Robert Ferron purchased 4,000 shares of the business’s stock in a transaction dated Monday, March 24th. The shares were acquired at an average price of C$23.31 per share, for a total transaction of C$93,236.00.

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

• On Thursday, March 27th, Martin Robert Ferron acquired 4,000 shares of North American Construction Group stock. The stock was acquired at an average cost of C$23.21 per share, for a total transaction of C$92,835.60.
• On Wednesday, January 1st, Martin Robert Ferron sold 6,209 shares of North American Construction Group stock. The stock was sold at an average price of C$31.60, for a total value of C$196,204.40.

North American Construction Group Price Performance

NOA opened at C$22.90 on Friday. The firm has a 50-day moving average price of C$25.88 and a 200-day moving average price of C$26.92. North American Construction Group Ltd. has a twelve month low of C$21.88 and a twelve month high of C$31.91. The company has a quick ratio of 0.79, a current ratio of 1.13 and a debt-to-equity ratio of 212.25. The company has a market capitalization of C$612.96 million, a price-to-earnings ratio of 10.77, a PEG ratio of 0.79 and a beta of 1.59.

North American Construction Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, April 9th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.48 annualized dividend and a dividend yield of 2.10%. North American Construction Group’s dividend payout ratio is currently 18.81%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Raymond James upgraded shares of North American Construction Group from an “outperform” rating to a “strong-buy” rating and set a C$40.00 price target on the stock in a report on Thursday, January 30th. National Bankshares reduced their target price on North American Construction Group from C$44.00 to C$41.00 and set an “outperform” rating for the company in a report on Friday, March 21st. Canaccord Genuity Group lifted their price target on North American Construction Group from C$32.00 to C$33.00 in a report on Friday, December 6th. Ventum Financial decreased their target price on North American Construction Group from C$45.00 to C$42.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Finally, CIBC raised shares of North American Construction Group from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from C$30.00 to C$38.00 in a report on Thursday, December 5th. Six research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$37.38.

North American Construction Group Company Profile

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.