North American Construction Group (TSE:NOA) Director Martin Robert Ferron Buys 5,000 Shares of Stock

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) Director Martin Robert Ferron purchased 5,000 shares of North American Construction Group stock in a transaction on Friday, June 12th. The shares were acquired at an average cost of C$18.45 per share, for a total transaction of C$92,250.00. Following the purchase, the director owned 2,295,738 shares in the company, valued at approximately C$42,356,366.10. This trade represents a 0.22% increase in their ownership of the stock.

Martin Robert Ferron also recently made the following trade(s):

• On Tuesday, May 19th, Martin Robert Ferron bought 10,000 shares of North American Construction Group stock. The stock was acquired at an average price of C$20.45 per share, with a total value of C$204,500.00.

North American Construction Group Stock Performance

TSE NOA opened at C$19.20 on Tuesday. The business’s 50-day moving average price is C$19.64 and its 200 day moving average price is C$20.16. The company has a current ratio of 1.11, a quick ratio of 0.79 and a debt-to-equity ratio of 202.48. North American Construction Group Ltd. has a twelve month low of C$16.45 and a twelve month high of C$24.59. The company has a market capitalization of C$520.38 million, a PE ratio of 17.14, a price-to-earnings-growth ratio of 0.79 and a beta of 0.91.

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

North American Construction Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 3rd. Investors of record on Friday, July 3rd will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $0.48 annualized dividend and a yield of 2.5%. North American Construction Group’s dividend payout ratio is 42.86%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Raymond James Financial lifted their price target 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 increased their target price on North American Construction Group from C$21.00 to C$22.00 and gave the stock a “market perform” rating in a research report on Thursday, May 14th. ATB Cormark Capital Markets lifted their target price on North American Construction Group from C$21.00 to C$24.00 and gave the company a “sector perform” rating in a report on Thursday, May 14th. Finally, Canaccord Genuity Group raised 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. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, North American Construction Group has a consensus rating of “Moderate Buy” and a consensus 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.