North American Construction Group (TSE:NOA) Director Purchases C$204,500.00 in Stock

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) Director Martin Robert Ferron bought 10,000 shares of the stock in a transaction that occurred on Tuesday, May 19th. The shares were purchased at an average price of C$20.45 per share, with a total value of C$204,500.00. Following the purchase, the director owned 2,285,738 shares of the company’s stock, valued at approximately C$46,743,342.10. This represents a 0.44% increase in their position.

North American Construction Group Stock Performance

TSE:NOA opened at C$19.90 on Friday. North American Construction Group Ltd. has a 12 month low of C$16.45 and a 12 month high of C$24.90. The company has a debt-to-equity ratio of 202.48, a current ratio of 1.11 and a quick ratio of 0.79. The firm has a market capitalization of C$539.35 million, a PE ratio of 17.77, a price-to-earnings-growth ratio of 0.79 and a beta of 0.86. The business’s fifty day moving average price is C$19.47 and its 200 day moving average price is C$20.19.

North American Construction Group (TSE:NOA) (NYSE:NOA) last released its quarterly earnings data on Wednesday, May 13th. The company reported C$0.37 earnings per share (EPS) for the quarter. North American Construction Group had a return on equity of 7.69% and a net margin of 2.63%.The business had revenue of C$319.22 million during the quarter. On average, sell-side analysts anticipate that North American Construction Group Ltd. will post 4.0597484 earnings per share for the current fiscal year.

North American Construction Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Thursday, April 9th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Thursday, March 26th. North American Construction Group’s dividend payout ratio is 42.86%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. ATB Cormark Capital Markets raised their price objective 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 report on Thursday, May 14th. Raymond James Financial upped their target price on shares of North American Construction Group from C$24.00 to C$26.00 in a report on Wednesday, April 29th. BMO Capital Markets lifted their price target 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. 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 target for the company in a research report on Friday, March 13th. Finally, Roth Mkm upgraded shares of North American Construction Group to a “strong-buy” rating in a research note on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$22.71.

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.