North American Construction Group (TSE:NOA) Issues Quarterly Earnings Results

North American Construction Group (TSE:NOA) (NYSE:NOA) announced its earnings results on Wednesday. The company reported C$0.37 earnings per share for the quarter, FiscalAI reports. North American Construction Group had a net margin of 2.63% and a return on equity of 7.88%. The firm had revenue of C$319.22 million for the quarter.

North American Construction Group Stock Down 0.8%

Shares of TSE:NOA traded down C$0.15 during trading hours on Wednesday, reaching C$19.79. The stock had a trading volume of 170,487 shares, compared to its average volume of 110,748. North American Construction Group has a 1 year low of C$16.45 and a 1 year high of C$24.90. The firm’s 50 day moving average is C$19.78 and its 200-day moving average is C$20.24. The company has a debt-to-equity ratio of 201.83, a quick ratio of 0.79 and a current ratio of 0.88. The stock has a market capitalization of C$562.33 million, a price-to-earnings ratio of 17.36, a P/E/G ratio of 0.79 and a beta of 0.86.

North American Construction Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Thursday, April 9th were given a $0.12 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.4%. North American Construction Group’s dividend payout ratio is currently 42.11%.

Analysts Set New Price Targets

Several brokerages recently weighed in on NOA. Raymond James Financial upped their target price on shares of North American Construction Group from C$24.00 to C$26.00 in a research note on Wednesday, April 29th. BMO Capital Markets downgraded shares of North American Construction Group from an “outperform” rating to a “market perform” rating and cut their target price for the stock from C$26.00 to C$23.00 in a research note on Thursday, March 12th. Canaccord Genuity Group raised shares of North American Construction Group from a “hold” rating to a “buy” rating and set a C$20.00 target price on the stock in a research note on Friday, March 13th. ATB Cormark Capital Markets downgraded shares of North American Construction Group from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, April 28th. Finally, Roth Mkm raised shares of North American Construction Group to a “strong-buy” rating in a research report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$22.43.

Insider Activity at North American Construction Group

In other news, Director John Joseph Pollesel acquired 2,000 shares of the company’s stock in a transaction on Monday, March 16th. The shares were bought at an average cost of C$17.90 per share, with a total value of C$35,800.00. Following the transaction, the director owned 3,500 shares in the company, valued at approximately C$62,650. This trade represents a 133.33% increase in their position. Corporate insiders own 8.93% of the company’s stock.

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.