North American Construction Group (TSE:NOA – Free Report) (NYSE:NOA) had its price target increased by National Bankshares from C$46.00 to C$47.00 in a research report released on Friday, BayStreet.CA reports. They currently have an outperform rating on the stock.
Several other brokerages also recently weighed in on NOA. ATB Capital decreased their price target on North American Construction Group from C$46.00 to C$45.00 in a report on Thursday, March 14th. TD Securities upgraded shares of North American Construction Group from a hold rating to a buy rating and set a C$34.00 target price for the company in a research note on Thursday, April 18th. BMO Capital Markets dropped their price target on shares of North American Construction Group from C$39.00 to C$37.00 and set an outperform rating on the stock in a research note on Thursday, May 2nd. Finally, CIBC raised their price objective on shares of North American Construction Group from C$32.50 to C$33.00 in a research report on Friday, March 15th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of Buy and a consensus target price of C$40.57.
Read Our Latest Stock Report on North American Construction Group
North American Construction Group Trading Up 0.1 %
North American Construction Group (TSE:NOA – Get Free Report) (NYSE:NOA) last issued its quarterly earnings results on Wednesday, March 13th. The company reported C$0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.82 by C$0.06. North American Construction Group had a return on equity of 19.06% and a net margin of 6.60%. The firm had revenue of C$326.30 million for the quarter, compared to analysts’ expectations of C$315.13 million. Analysts forecast that North American Construction Group will post 4.4898551 earnings per share for the current year.
North American Construction Group Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, July 5th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.42%. North American Construction Group’s dividend payout ratio (DPR) is currently 19.14%.
Insiders Place Their Bets
In other news, Director Martin Robert Ferron sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of C$22.85, for a total transaction of C$457,000.00. 8.44% of the stock is owned by company insiders.
North American Construction Group Company Profile
North American Construction Group Ltd. provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States. The company operates Heavy Equipment – Canada, Heavy Equipment – Australia, and Other segments.
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