North American Construction Group (TSE:NOA) Given New C$28.00 Price Target at National Bank Financial

North American Construction Group (TSE:NOA) (NYSE:NOA) had its price target reduced by National Bank Financial from C$30.00 to C$28.00 in a research report report published on Friday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other equities research analysts also recently weighed in on the stock. ATB Cormark Capital Markets lifted 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 note on Thursday, May 14th. Raymond James Financial lifted their target price on shares of North American Construction Group from C$24.00 to C$26.00 in a research report on Wednesday, April 29th. Finally, BMO Capital Markets upped their target price on shares of North American Construction Group from C$21.00 to C$22.00 and gave the company a “market perform” rating in a research note on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, North American Construction Group currently has a consensus rating of “Moderate Buy” and a consensus target price of C$22.71.

North American Construction Group Stock Performance

Shares of TSE NOA opened at C$19.24 on Friday. The business’s 50-day moving average price is C$19.27 and its two-hundred day moving average price is C$19.94. The company has a debt-to-equity ratio of 202.48, a current ratio of 1.11 and a quick ratio of 0.79. North American Construction Group has a one year low of C$16.45 and a one year high of C$23.49. The company has a market capitalization of C$521.46 million, a P/E ratio of 17.18, a price-to-earnings-growth ratio of 0.79 and a beta of 0.83.

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

North American Construction Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 3rd. Shareholders of record on Friday, July 3rd were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Wednesday, June 3rd. North American Construction Group’s payout ratio is currently 42.86%.

Insider Activity at North American Construction Group

In other North American Construction Group news, insider North American Construction Group Ltd. bought 165,000 shares of the company’s stock in a transaction on Wednesday, July 8th. The stock was bought at an average price of C$19.14 per share, for a total transaction of C$3,158,100.00. Following the transaction, the insider owned 165,000 shares of the company’s stock, valued at approximately C$3,158,100. The trade was a ∞ increase in their position. Also, Director Martin Robert Ferron bought 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were bought at an average price of C$20.45 per share, with a total value of C$204,500.00. Following the completion of the transaction, the director directly owned 2,285,738 shares in the company, valued at approximately C$46,743,342.10. This trade represents a 0.44% increase in their position. Insiders purchased 295,000 shares of company stock worth $5,634,750 over the last 90 days. 8.93% of the stock is currently owned by company insiders.

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.