Insider Buying: North American Construction Group Ltd. (TSE:NOA) Director Buys 4,000 Shares of 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 on Monday, March 24th. The stock was purchased at an average cost 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 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 Trading Down 2.2 %

Shares of North American Construction Group stock traded down C$0.53 during trading hours on Thursday, hitting C$23.77. The company’s stock had a trading volume of 9,362 shares, compared to its average volume of 84,217. The firm has a fifty day moving average of C$26.16 and a 200-day moving average of C$26.96. The company has a debt-to-equity ratio of 212.25, a quick ratio of 0.79 and a current ratio of 1.13. North American Construction Group Ltd. has a twelve month low of C$21.88 and a twelve month high of C$31.91. The stock has a market cap of C$636.25 million, a price-to-earnings ratio of 11.18, a P/E/G ratio of 0.79 and a beta of 1.59.

North American Construction Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, April 9th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date is Thursday, March 13th. North American Construction Group’s dividend payout ratio (DPR) is 18.81%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on NOA. Ventum Financial dropped their price target on North American Construction Group from C$45.00 to C$42.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. CIBC raised shares of North American Construction Group from a “neutral” rating to an “outperform” rating and upped their price target for the company from C$30.00 to C$38.00 in a report on Thursday, December 5th. National Bankshares cut their target price on shares of 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 raised their price objective on North American Construction Group from C$32.00 to C$33.00 in a report on Friday, December 6th. Finally, 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 for the company in a research report on Thursday, January 30th. Six equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, North American Construction Group has a consensus rating of “Buy” and a consensus price target 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.