North American Construction Group Ltd. (TSE:NOA) Receives Average Recommendation of “Moderate Buy” from Analysts

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) has received a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$22.71.

A number of brokerages have recently issued reports on NOA. ATB Cormark Capital Markets upped their target price 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. National Bank Financial reduced their price objective on North American Construction Group from C$30.00 to C$28.00 and set an “outperform” rating on the stock in a report on Friday, August 14th. Finally, BMO Capital Markets increased their price objective on North American Construction Group from C$21.00 to C$22.00 and gave the company a “market perform” rating in a research report on Thursday, May 14th.

North American Construction Group Stock Performance

Shares of TSE:NOA opened at C$18.44 on Monday. The business has a fifty day moving average of C$19.13 and a 200-day moving average of C$19.67. The company has a debt-to-equity ratio of 246.95, a quick ratio of 0.79 and a current ratio of 1.07. North American Construction Group has a twelve month low of C$16.45 and a twelve month high of C$23.49. The firm has a market cap of C$496.29 million, a PE ratio of 16.46, a price-to-earnings-growth ratio of 0.79 and a beta of 0.89.

North American Construction Group (TSE:NOA) (NYSE:NOA) last issued its quarterly earnings results on Wednesday, August 12th. The company reported C$0.32 earnings per share (EPS) for the quarter. The business had revenue of C$400.96 million for the quarter. North American Construction Group had a net margin of 2.41% and a return on equity of 7.40%. On average, equities research analysts predict that North American Construction Group will post 4.0597484 EPS for the current fiscal year.

North American Construction Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, October 2nd will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.6%. North American Construction Group’s payout ratio is 42.86%.

Insider Activity

In related news, Director Martin Robert Ferron bought 5,000 shares of the company’s stock in a transaction on Thursday, July 2nd. The shares were purchased at an average cost of C$17.76 per share, for a total transaction of C$88,800.00. Following the acquisition, the director owned 2,300,738 shares of the company’s stock, valued at approximately C$40,861,106.88. This represents a 0.22% increase in their position. Also, insider North American Construction Group Ltd. acquired 165,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 8th. The shares were bought at an average price 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 C$3,158,100. This trade represents a ∞ increase in their ownership of the stock. Insiders have bought a total of 285,000 shares of company stock valued at $5,430,250 over the last 90 days. Corporate insiders own 8.93% of the company’s stock.

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.