North American Construction Group (TSE:NOA) Hits New 12-Month Low – Here’s Why

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA)’s share price reached a new 52-week low on Thursday. The company traded as low as C$12.20 and last traded at C$13.11, with a volume of 514,361 shares. The stock had previously closed at C$16.00.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. ATB Cormark Capital Markets upgraded shares of North American Construction Group from a “hold” rating to a “moderate buy” rating and set a C$23.50 target price for the company in a report on Monday, October 26th. National Bank Financial lowered their price objective on shares of North American Construction Group from C$30.00 to C$28.00 and set an “outperform” rating for the company in a research note on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$22.64.

North American Construction Group Stock Performance

The company has a market capitalization of C$357.42 million, a PE ratio of 11.86, a PEG ratio of 0.79 and a beta of 0.83. The company has a quick ratio of 0.79, a current ratio of 1.07 and a debt-to-equity ratio of 246.95. The business has a 50 day simple moving average of C$17.41 and a 200 day simple moving average of C$19.31.

North American Construction Group (TSE:NOA) (NYSE:NOA) last issued its quarterly earnings results on Wednesday, November 4th. The company reported C$0.25 earnings per share (EPS) for the quarter. The business had revenue of C$413.28 million for the quarter. North American Construction Group had a net margin of 2.41% and a return on equity of 7.40%. Equities research analysts predict that North American Construction Group Ltd. will post 4.06 EPS for the current fiscal year.

North American Construction Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, October 2nd were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.6%. The ex-dividend date was Friday, August 28th. North American Construction Group’s dividend payout ratio is 42.86%.

Insider Buying and Selling at North American Construction Group

In other North American Construction Group news, insider North American Construction Group Ltd. bought 110,000 shares of North American Construction Group stock in a transaction that occurred on Wednesday, August 12th. The stock was purchased 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 acquisition, the insider directly owned 110,000 shares in the company, valued at approximately C$2,091,100. This trade represents a ∞ increase in their position. 8.93% of the stock is owned by insiders.

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.