North American Construction Group (TSE:NOA) Director Acquires C$88,800.00 in Stock

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) Director Martin Robert Ferron purchased 5,000 shares of the firm’s stock in a transaction on Thursday, July 2nd. The stock was bought at an average price 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 in the company, valued at C$40,861,106.88. The trade was a 0.22% increase in their ownership of the stock.

Martin Robert Ferron also recently made the following trade(s):

• On Friday, June 12th, Martin Robert Ferron acquired 5,000 shares of North American Construction Group stock. The shares were bought at an average cost of C$18.45 per share, with a total value of C$92,250.00.
• On Tuesday, May 19th, Martin Robert Ferron acquired 10,000 shares of North American Construction Group stock. The shares were purchased at an average price of C$20.45 per share, with a total value of C$204,500.00.

North American Construction Group Trading Up 1.7%

NOA stock opened at C$19.45 on Friday. The company has a quick ratio of 0.79, a current ratio of 1.11 and a debt-to-equity ratio of 202.48. The company has a market cap of C$527.15 million, a price-to-earnings ratio of 17.37, a PEG ratio of 0.79 and a beta of 0.89. The business has a fifty day simple moving average of C$19.47 and a 200-day simple moving average of C$20.11. North American Construction Group Ltd. has a 52 week low of C$16.45 and a 52 week high of C$23.49.

North American Construction Group (TSE:NOA) (NYSE:NOA) last issued its earnings results on Wednesday, May 13th. The company reported C$0.37 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 firm had revenue of C$319.22 million for the quarter. On average, equities research analysts expect that North American Construction Group Ltd. will post 4.0597484 EPS for the current year.

North American Construction Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 3rd. Stockholders of record on Friday, July 3rd were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend 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%.

Wall Street Analyst Weigh In

NOA has been the subject of a number of research analyst reports. ATB Cormark Capital Markets increased 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. Raymond James Financial lifted their price target on shares of North American Construction Group from C$24.00 to C$26.00 in a research report on Wednesday, April 29th. BMO Capital Markets boosted their price objective on shares of North American Construction Group from C$21.00 to C$22.00 and gave the stock a “market perform” rating in a research note on Thursday, May 14th. Finally, Canaccord Genuity Group raised shares of North American Construction Group from a “hold” rating to a “buy” rating and set a C$20.00 price objective for the company in a research report on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, North American Construction Group has an average rating of “Moderate Buy” and a consensus target price of C$22.71.

North American Construction Group Company Profile

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.