North American Construction Group (TSE:NOA) Upgraded at ATB Cormark Capital Markets

ATB Cormark Capital Markets upgraded shares of North American Construction Group (TSE:NOA) (NYSE:NOA) from a hold rating to a moderate buy rating in a research note published on Monday morning, MarketBeat Ratings reports. The brokerage currently has C$23.50 price target on the stock.

Separately, National Bank Financial decreased their price target on North American Construction Group from C$30.00 to C$28.00 and set an “outperform” rating for the company in a report on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$22.64.

North American Construction Group Trading Up 2.7%

NOA opened at C$17.71 on Monday. North American Construction Group has a twelve month low of C$15.40 and a twelve month high of C$23.49. 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 company has a fifty day moving average of C$17.62 and a 200-day moving average of C$19.43. The stock has a market cap of C$476.65 million, a PE ratio of 15.81, a price-to-earnings-growth ratio of 0.79 and a beta of 0.83.

North American Construction Group (TSE:NOA) (NYSE:NOA) last released its 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, sell-side analysts predict that North American Construction Group will post 4.06 EPS for the current year.

North American Construction Group Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Friday, August 28th. North American Construction Group’s dividend payout ratio (DPR) is currently 42.86%.

Insider Transactions at North American Construction Group

In other North American Construction Group news, insider North American Construction Group Ltd. acquired 110,000 shares of the stock in a transaction on Wednesday, August 12th. The shares were purchased at an average price of C$19.01 per share, for a total transaction of C$2,091,100.00. Following the completion of the acquisition, the insider owned 110,000 shares in the company, valued at approximately C$2,091,100. This represents a ∞ increase in their position. 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.