North American Construction Group (TSE:NOA) Sets New 52-Week Low – Here’s Why

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA)’s share price hit a new 52-week low during mid-day trading on Thursday. The stock traded as low as C$12.20 and last traded at C$13.11, with a volume of 514,361 shares. The stock had previously closed at C$16.00.

Analyst Upgrades and Downgrades

NOA has been the subject of a number of research reports. ATB Cormark Capital Markets upgraded shares of North American Construction Group from a “hold” rating to a “moderate buy” rating and set a C$23.50 target price for the company in a research report on Monday, October 26th. National Bank Financial cut their price target on North American Construction Group from C$30.00 to C$28.00 and set an “outperform” rating on the stock in a research report on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, North American Construction Group has an average rating of “Moderate Buy” and a consensus target price of C$22.64.

North American Construction Group Price Performance

The stock’s fifty day moving average is C$17.20 and its 200-day moving average is C$19.22. The stock has a market capitalization of C$353.11 million, a PE ratio of 11.71, a P/E/G ratio of 0.79 and a beta of 0.87. The company has a debt-to-equity ratio of 246.95, a current ratio of 1.07 and a quick ratio of 0.79.

North American Construction Group (TSE:NOA) (NYSE:NOA) last released its quarterly earnings data on Wednesday, November 4th. The company reported C$0.25 earnings per share for the quarter. North American Construction Group had a net margin of 2.41% and a return on equity of 7.40%. The company had revenue of C$413.28 million during the quarter. As a group, equities analysts predict that North American Construction Group Ltd. will post 4.06 earnings per share for the current fiscal year.

North American Construction Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 8th. Investors of record on Friday, January 8th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Wednesday, November 25th. North American Construction Group’s payout ratio is currently 42.86%.

Insiders Place Their Bets

In other North American Construction Group news, insider North American Construction Group Ltd. purchased 110,000 shares of the stock in a transaction on Wednesday, August 12th. The shares were bought at an average price of C$19.01 per share, for a total transaction of C$2,091,100.00. Following the completion of the transaction, the insider owned 110,000 shares of the company’s stock, valued at C$2,091,100. This trade represents a ∞ increase in their position. Insiders own 8.93% of the company’s stock.

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.