North American Construction Group (TSE:NOA) Director Buys C$204,500.00 in Stock

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) Director Martin Robert Ferron bought 10,000 shares of the stock in a transaction on Tuesday, May 19th. The shares were bought at an average cost of C$20.45 per share, with a total value of C$204,500.00. Following the purchase, the director owned 2,285,738 shares of the company’s stock, valued at C$46,743,342.10. This trade represents a 0.44% increase in their ownership of the stock.

North American Construction Group Trading Down 2.4%

NOA stock traded down C$0.50 during mid-day trading on Tuesday, hitting C$20.52. 72,039 shares of the company were exchanged, compared to its average volume of 112,141. The company has a quick ratio of 0.79, a current ratio of 1.11 and a debt-to-equity ratio of 202.48. The firm has a market capitalization of C$583.08 million, a P/E ratio of 18.32, a PEG ratio of 0.79 and a beta of 0.86. The business has a fifty day simple moving average of C$19.61 and a 200-day simple moving average of C$20.22. North American Construction Group Ltd. has a 12-month low of C$16.45 and a 12-month high of C$24.90.

North American Construction Group (TSE:NOA) (NYSE:NOA) last announced its earnings results on Wednesday, May 13th. The company reported C$0.37 earnings per share for the quarter. The company had revenue of C$319.22 million during the quarter. North American Construction Group had a net margin of 2.63% and a return on equity of 7.69%. On average, equities research analysts predict that North American Construction Group Ltd. will post 4.0597484 earnings per share for the current fiscal year.

North American Construction Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Thursday, April 9th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Thursday, March 26th. North American Construction Group’s dividend payout ratio (DPR) is 42.86%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on NOA shares. Roth Mkm raised shares of North American Construction Group to a “strong-buy” rating in a research report on Thursday, February 5th. BMO Capital Markets increased their price target on shares of North American Construction Group from C$21.00 to C$22.00 and gave the stock a “market perform” rating in a research report on Thursday, May 14th. Canaccord Genuity Group raised shares of North American Construction Group from a “hold” rating to a “buy” rating and set a C$20.00 price target on the stock in a research report on Friday, March 13th. Raymond James Financial increased their price target on shares of North American Construction Group from C$24.00 to C$26.00 in a research report on Wednesday, April 29th. Finally, ATB Cormark Capital Markets increased their price target on shares of North American Construction Group from C$21.00 to C$24.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$22.71.

About North American Construction Group

North American Construction Group Ltd is Canada’s provider of heavy civil construction and mining contractors. The company has provided services to the oil, natural gas and resource companies.