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

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

North American Construction Group Price Performance

Shares of North American Construction Group stock traded down C$0.50 during trading hours on Tuesday, reaching C$20.52. 72,039 shares of the company’s stock were exchanged, compared to its average volume of 112,141. The business has a fifty day moving average of C$19.61 and a two-hundred day moving average of C$20.22. The company has a market capitalization of C$583.08 million, a P/E ratio of 18.32, a price-to-earnings-growth ratio of 0.79 and a beta of 0.86. The company has a quick ratio of 0.79, a current ratio of 1.11 and a debt-to-equity ratio of 202.48. North American Construction Group Ltd. has a 1 year low of C$16.45 and a 1 year high of C$24.90.

North American Construction Group (TSE:NOA) (NYSE:NOA) last posted its quarterly earnings results on Wednesday, May 13th. The company reported C$0.37 earnings per share for the quarter. The firm had revenue of C$319.22 million for the quarter. North American Construction Group had a net margin of 2.63% and a return on equity of 7.69%. As a group, research analysts predict 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 disclosed a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Thursday, April 9th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Thursday, March 26th. North American Construction Group’s dividend payout ratio is currently 42.86%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. BMO Capital Markets upped their price objective 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 research note on Thursday, May 14th. Roth Mkm raised shares of North American Construction Group to a “strong-buy” rating in a research note on Thursday, February 5th. 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 objective for the company in a research note on Friday, March 13th. Raymond James Financial upped 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 price objective on shares of 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 equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average 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.