North American Construction Group (TSE:NOA) Reaches New 1-Year Low at $23.86

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$23.86 and last traded at C$23.91, with a volume of 97787 shares traded. The stock had previously closed at C$24.75.

Analyst Upgrades and Downgrades

Several research firms have commented on NOA. Raymond James cut their target price on North American Construction Group from C$40.00 to C$35.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. ATB Capital decreased their target price on shares of North American Construction Group from C$45.00 to C$40.00 in a research report on Friday, August 2nd. Ventum Financial cut their price target on shares of North American Construction Group from C$52.00 to C$47.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. National Bankshares decreased their price objective on North American Construction Group from C$47.00 to C$39.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Finally, BMO Capital Markets cut their price target on North American Construction Group from C$37.00 to C$32.00 in a research note on Thursday, August 1st. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$37.00.

North American Construction Group Stock Down 3.0 %

The company has a debt-to-equity ratio of 206.01, a quick ratio of 0.79 and a current ratio of 1.04. The stock’s fifty day simple moving average is C$27.11 and its two-hundred day simple moving average is C$29.39. The stock has a market capitalization of C$641.52 million, a P/E ratio of 13.98, a price-to-earnings-growth ratio of 0.79 and a beta of 1.64.

North American Construction Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, August 30th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.40 annualized dividend and a dividend yield of 1.67%. North American Construction Group’s dividend payout ratio is 22.60%.

Insiders Place Their Bets

In related news, Director Martin Robert Ferron bought 5,000 shares of North American Construction Group stock in a transaction that occurred on Tuesday, May 21st. The shares were acquired at an average cost of C$19.81 per share, for a total transaction of C$99,050.00. In the last three months, insiders have purchased 22,000 shares of company stock valued at $554,850. 8.78% of the stock is currently owned by company insiders.

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.