North American Construction Group (TSE:NOA) Announces Earnings Results

North American Construction Group (TSE:NOA) (NYSE:NOA) announced its earnings results on Wednesday. The company reported C$0.32 earnings per share for the quarter, FiscalAI reports. The business had revenue of C$400.96 million for the quarter. North American Construction Group had a net margin of 2.63% and a return on equity of 7.69%.

North American Construction Group Stock Performance

North American Construction Group stock traded up C$0.03 during mid-day trading on Wednesday, reaching C$21.41. 85,207 shares of the company traded hands, compared to its average volume of 100,907. North American Construction Group has a fifty-two week low of C$16.45 and a fifty-two week high of C$23.49. The firm’s fifty day moving average is C$19.21 and its two-hundred day moving average is C$19.95. 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 company has a market capitalization of C$580.28 million, a price-to-earnings ratio of 19.12, a price-to-earnings-growth ratio of 0.79 and a beta of 0.83.

North American Construction Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 3rd. Stockholders of record on Friday, July 3rd were issued a dividend of $0.12 per share. The ex-dividend date was Wednesday, June 3rd. This represents a $0.48 annualized dividend and a dividend yield of 2.2%. North American Construction Group’s dividend payout ratio is 42.86%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. BMO Capital Markets upped their price target on shares of North American Construction Group from C$21.00 to C$22.00 and gave the company a “market perform” rating in a report on Thursday, May 14th. Raymond James Financial raised their price objective on shares of North American Construction Group from C$24.00 to C$26.00 in a research note on Wednesday, April 29th. Finally, ATB Cormark Capital Markets upped 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 research note on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, North American Construction Group currently has a consensus rating of “Moderate Buy” and an average target price of C$22.71.

Insider Activity at North American Construction Group

In other North American Construction Group news, Director Martin Robert Ferron acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were purchased at an average price of C$20.45 per share, for a total transaction of C$204,500.00. Following the completion of the purchase, the director directly owned 2,285,738 shares of the company’s stock, valued at C$46,743,342.10. The trade was a 0.44% increase in their ownership of the stock. Also, insider North American Construction Group Ltd. bought 165,000 shares of North American Construction Group stock in a transaction that occurred on Wednesday, July 8th. The shares were acquired at an average cost of C$19.14 per share, with a total value of C$3,158,100.00. Following the acquisition, the insider owned 165,000 shares of the company’s stock, valued at C$3,158,100. The trade was a ∞ increase in their ownership of the stock. In the last quarter, insiders purchased 185,000 shares of company stock worth $3,543,650. 8.93% of the stock is owned by corporate insiders.

North American Construction Group Company Profile

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.