Insider Buying: North American Construction Group (TSE:NOA) Insider Purchases 110,000 Shares

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) insider North American Construction Group Ltd. bought 110,000 shares of the company’s stock in a transaction on Wednesday, August 12th. The shares were bought at an average price of C$19.01 per share, with a total value of C$2,091,100.00. Following the completion of the transaction, the insider owned 110,000 shares of the company’s stock, valued at C$2,091,100. The trade was a ∞ increase in their ownership of the stock.

North American Construction Group Ltd. also recently made the following trade(s):

• On Wednesday, July 8th, North American Construction Group Ltd. purchased 165,000 shares of North American Construction Group stock. The stock was bought at an average cost of C$19.14 per share, for a total transaction of C$3,158,100.00.

North American Construction Group Price Performance

Shares of TSE:NOA traded down C$1.26 during trading on Thursday, reaching C$20.15. The company had a trading volume of 194,496 shares, compared to its average volume of 101,476. The company has a fifty day moving average of C$19.26 and a two-hundred day moving average of C$19.95. The company has a current ratio of 1.11, a quick ratio of 0.79 and a debt-to-equity ratio of 202.48. The stock has a market capitalization of C$546.13 million, a P/E ratio of 17.99, a price-to-earnings-growth ratio of 0.79 and a beta of 0.83. North American Construction Group Ltd. has a 12 month low of C$16.45 and a 12 month high of C$23.49.

North American Construction Group (TSE:NOA) (NYSE:NOA) last posted its quarterly earnings data on Wednesday, August 12th. The company reported C$0.32 earnings per share (EPS) for the quarter. North American Construction Group had a net margin of 2.63% and a return on equity of 7.69%. The company had revenue of C$400.96 million during the quarter. Equities research analysts forecast that North American Construction Group Ltd. will post 4.0597484 earnings per share for the current year.

North American Construction Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 3rd. Shareholders of record on Friday, July 3rd were given a dividend of $0.12 per share. The ex-dividend date was Wednesday, June 3rd. This represents a $0.48 dividend on an annualized basis and a yield of 2.4%. North American Construction Group’s dividend payout ratio (DPR) is presently 42.86%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on NOA shares. Raymond James Financial upped their price objective on North American Construction Group from C$24.00 to C$26.00 in a report on Wednesday, April 29th. BMO Capital Markets boosted their target price on 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. Finally, ATB Cormark Capital Markets upped their target price on North American Construction Group from C$21.00 to C$24.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$22.71.

North American Construction Group Company Profile

North American Construction Group Ltd. is a premier provider of heavy civil construction and mining services in Australia, Canada, and the U.S. For over 70 years, NACG has provided services to the mining, resource and infrastructure construction markets.