North American Construction Group (TSE:NOA – Free Report) (NYSE:NOA) had its price target reduced by TD Securities from C$34.00 to C$33.00 in a report released on Friday morning, BayStreet.CA reports. They currently have a buy rating on the stock.
Several other research analysts also recently weighed in on NOA. National Bankshares lifted their target price on shares of North American Construction Group from C$46.00 to C$47.00 and gave the stock an outperform rating in a research report on Friday, May 3rd. ATB Capital dropped their target price on shares of North American Construction Group from C$45.00 to C$40.00 in a research report on Friday. BMO Capital Markets dropped their target price on shares of North American Construction Group from C$37.00 to C$32.00 in a research report on Thursday, August 1st. Finally, Ventum Financial dropped their target price on shares of North American Construction Group from C$52.00 to C$47.00 and set a buy rating on the stock in a research report on Friday. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, North American Construction Group presently has an average rating of Buy and an average target price of C$37.00.
Read Our Latest Stock Report on North American Construction Group
North American Construction Group Stock Performance
North American Construction Group Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, October 4th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.60%. The ex-dividend date is Friday, August 30th. North American Construction Group’s dividend payout ratio is 22.60%.
Insiders Place Their Bets
In other North American Construction Group news, Director Martin Robert Ferron bought 12,000 shares of the firm’s stock in a transaction on Monday, June 24th. The stock was bought at an average cost of C$26.45 per share, with a total value of C$317,400.00. Insiders acquired 22,000 shares of company stock valued at $554,850 over the last ninety days. Corporate insiders own 8.78% of the company’s stock.
About North American Construction Group
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.
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