North American Construction Group Ltd. Declares Quarterly Dividend of $0.12 (TSE:NOA)

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) declared a quarterly dividend on Friday, August 28th, TickerTech Dividends reports. Stockholders of record on Friday, October 2nd will be paid a dividend of 0.12 per share on Friday, October 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Friday, August 28th.

North American Construction Group Stock Down 1.0%

North American Construction Group stock opened at C$18.41 on Wednesday. The company has a debt-to-equity ratio of 246.95, a current ratio of 1.07 and a quick ratio of 0.79. The stock has a market capitalization of C$495.49 million, a price-to-earnings ratio of 16.44, a PEG ratio of 0.79 and a beta of 0.83. North American Construction Group has a 1-year low of C$16.45 and a 1-year high of C$23.49. The business has a fifty day moving average price of C$19.25 and a 200-day moving average price of C$19.86.

North American Construction Group (TSE:NOA) (NYSE:NOA) last announced its earnings results on Wednesday, August 12th. The company reported C$0.32 earnings per share (EPS) for the quarter. The company had revenue of C$400.96 million for the quarter. North American Construction Group had a return on equity of 7.40% and a net margin of 2.41%. Equities research analysts forecast that North American Construction Group will post 4.0597484 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

NOA has been the subject of a number of recent analyst reports. ATB Cormark Capital Markets lifted their target price 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 research note on Thursday, May 14th. National Bank Financial lowered their price objective on shares of North American Construction Group from C$30.00 to C$28.00 and set an “outperform” rating for the company in a research note on Friday, August 14th. BMO Capital Markets upped their target price on North American Construction Group from C$21.00 to C$22.00 and gave the company a “market perform” rating in a research report on Thursday, May 14th. Finally, Raymond James Financial raised their target price on North American Construction Group from C$24.00 to C$26.00 in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently 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 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.