North American Construction Group (TSE:NOA) Issues Quarterly Earnings Results

North American Construction Group (TSE:NOA) (NYSE:NOA) released its quarterly earnings data on Wednesday. The company reported C$0.32 earnings per share for the quarter, FiscalAI reports. The business had revenue of C$400.96 million during the quarter. North American Construction Group had a return on equity of 7.69% and a net margin of 2.63%.

North American Construction Group Trading Up 0.1%

Shares of TSE:NOA opened at C$21.41 on Thursday. North American Construction Group has a 1 year low of C$16.45 and a 1 year high of C$23.49. The firm has a market capitalization of C$580.28 million, a price-to-earnings ratio of 19.12, a price-to-earnings-growth ratio of 0.79 and a beta of 0.83. The company has a debt-to-equity ratio of 202.48, a current ratio of 1.11 and a quick ratio of 0.79. The business’s 50 day moving average price is C$19.26 and its 200-day moving average price is C$19.95.

North American Construction Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 3rd. Stockholders of record on Friday, July 3rd were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Wednesday, June 3rd. North American Construction Group’s dividend payout ratio is presently 42.86%.

Insider Buying and Selling at North American Construction Group

In related news, Director Martin Robert Ferron acquired 5,000 shares of North American Construction Group stock in a transaction on Thursday, July 2nd. The stock was bought at an average cost of C$17.76 per share, for a total transaction of C$88,800.00. Following the completion of the transaction, the director owned 2,300,738 shares of the company’s stock, valued at approximately C$40,861,106.88. The trade was a 0.22% increase in their position. Also, insider North American Construction Group Ltd. acquired 165,000 shares of the firm’s stock in a transaction on Wednesday, July 8th. The shares were bought at an average cost of C$19.14 per share, for a total transaction of C$3,158,100.00. Following the completion of the acquisition, the insider owned 165,000 shares of the company’s stock, valued at approximately C$3,158,100. This represents a ∞ increase in their ownership of the stock. In the last three months, insiders purchased 185,000 shares of company stock valued at $3,543,650. 8.93% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

NOA has been the topic of several analyst reports. ATB Cormark Capital Markets raised 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 report on Thursday, May 14th. BMO Capital Markets upped their price objective 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, Raymond James Financial raised their price objective on shares of North American Construction Group from C$24.00 to C$26.00 in a research note on Wednesday, April 29th. One research 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 company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$22.71.

About North American Construction Group

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.