Insider Buying: North American Construction Group (TSE:NOA) Director Purchases 2,000 Shares of Stock

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) Director John Joseph Pollesel acquired 2,000 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were purchased at an average price of C$17.90 per share, with a total value of C$35,800.00. Following the completion of the acquisition, the director owned 3,500 shares in the company, valued at approximately C$62,650. The trade was a 133.33% increase in their ownership of the stock.

North American Construction Group Trading Down 2.2%

Shares of NOA traded down C$0.41 during trading hours on Monday, hitting C$18.09. The stock had a trading volume of 82,142 shares, compared to its average volume of 106,433. North American Construction Group Ltd. has a 12-month low of C$16.45 and a 12-month high of C$24.90. The firm has a market cap of C$500.03 million, a P/E ratio of 15.87, a P/E/G ratio of 0.79 and a beta of 0.70. 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 company’s fifty day simple moving average is C$21.05 and its 200 day simple moving average is C$20.29.

North American Construction Group (TSE:NOA) (NYSE:NOA) last posted its quarterly earnings results on Wednesday, March 11th. The company reported C($0.14) earnings per share (EPS) for the quarter. The firm had revenue of C$305.58 million for the quarter. North American Construction Group had a net margin of 2.63% and a return on equity of 7.88%. Equities research analysts forecast that North American Construction Group Ltd. will post 4.0597484 EPS for the current fiscal year.

North American Construction Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Thursday, April 9th will be issued a dividend of $0.12 per share. The ex-dividend date is Thursday, March 26th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.7%. North American Construction Group’s payout ratio is presently 42.11%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. TD Securities cut their price target on shares of North American Construction Group from C$21.00 to C$19.00 and set a “hold” rating on the stock in a report on Friday, December 19th. Roth Mkm upgraded shares of North American Construction Group to a “strong-buy” rating in a research note on Thursday, February 5th. BMO Capital Markets lowered shares of North American Construction Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from C$26.00 to C$23.00 in a research report on Thursday, March 12th. ATB Cormark Capital Markets raised shares of North American Construction Group from a “hold” rating to a “moderate buy” rating and cut their target price for the company from C$23.00 to C$21.00 in a research note on Friday, March 13th. Finally, Canadian Imperial Bank of Commerce reduced their target price on shares of North American Construction Group from C$22.00 to C$20.00 in a report on Tuesday, December 30th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$22.14.

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.