Martin Robert Ferron Purchases 10,000 Shares of North American Construction Group (TSE:NOA) Stock

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) Director Martin Robert Ferron bought 10,000 shares of the stock in a transaction on Tuesday, May 19th. The stock was purchased at an average price of C$20.45 per share, for a total transaction of C$204,500.00. Following the completion of the purchase, the director owned 2,285,738 shares of the company’s stock, valued at approximately C$46,743,342.10. This trade represents a 0.44% increase in their ownership of the stock.

North American Construction Group Price Performance

Shares of TSE NOA opened at C$20.01 on Thursday. The stock has a market cap of C$542.33 million, a PE ratio of 17.87, a price-to-earnings-growth ratio of 0.79 and a beta of 0.86. North American Construction Group Ltd. has a fifty-two week low of C$16.45 and a fifty-two week high of C$24.90. The company has a debt-to-equity ratio of 202.48, a quick ratio of 0.79 and a current ratio of 1.11. The stock has a fifty day moving average of C$19.52 and a 200-day moving average of C$20.20.

North American Construction Group (TSE:NOA) (NYSE:NOA) last announced its quarterly earnings results on Wednesday, May 13th. The company reported C$0.37 earnings per share for the quarter. The company had revenue of C$319.22 million during the quarter. North American Construction Group had a return on equity of 7.69% and a net margin of 2.63%. Equities research analysts anticipate that North American Construction Group Ltd. will post 4.0597484 earnings per share for the current year.

North American Construction Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Thursday, April 9th were given a $0.12 dividend. The ex-dividend date was Thursday, March 26th. This represents a $0.48 annualized dividend and a dividend yield of 2.4%. North American Construction Group’s payout ratio is 42.86%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NOA. ATB Cormark Capital Markets lifted their price target on North American Construction Group from C$21.00 to C$24.00 and gave the company a “sector perform” rating in a research report on Thursday, May 14th. Roth Mkm upgraded North American Construction Group to a “strong-buy” rating in a research report on Thursday, February 5th. BMO Capital Markets lifted their price target 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. Raymond James Financial lifted their price target on North American Construction Group from C$24.00 to C$26.00 in a research report on Wednesday, April 29th. Finally, Canaccord Genuity Group upgraded North American Construction Group from a “hold” rating to a “buy” rating and set a C$20.00 price target for the company in a research report on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$22.71.

About North American Construction Group

North American Construction Group Ltd is Canada’s provider of heavy civil construction and mining contractors. The company has provided services to the oil, natural gas and resource companies.