North American Construction Group (TSE:NOA) Shares Pass Below 200-Day Moving Average – Here’s What Happened

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$20.18 and traded as low as C$19.13. North American Construction Group shares last traded at C$19.56, with a volume of 63,526 shares traded.

Analyst Ratings Changes

A number of equities analysts recently commented on NOA shares. ATB Cormark Capital Markets lifted their price target on North American Construction Group from C$21.00 to C$24.00 and gave the stock a “sector perform” rating in a report on Thursday, May 14th. Canaccord Genuity Group upgraded 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 report on Friday, March 13th. BMO Capital Markets lifted their price target on North American Construction Group from C$21.00 to C$22.00 and gave the stock a “market perform” rating in a report on Thursday, May 14th. Finally, Raymond James Financial lifted their price target on North American Construction Group from C$24.00 to C$26.00 in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$22.71.

North American Construction Group Price Performance

The company’s 50-day simple moving average is C$19.59 and its 200-day simple moving average is C$20.18. 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 stock has a market capitalization of C$530.13 million, a price-to-earnings ratio of 17.46, a P/E/G ratio of 0.79 and a beta of 0.91.

North American Construction Group (TSE:NOA) (NYSE:NOA) last issued its quarterly earnings data on Wednesday, May 13th. The company reported C$0.37 earnings per share (EPS) for the quarter. The firm 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%. Research analysts forecast 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, July 3rd. Shareholders of record on Friday, July 3rd will be given a dividend of $0.12 per share. The ex-dividend date 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 (DPR) is 42.86%.

Insider Activity at North American Construction Group

In related news, Director Martin Robert Ferron acquired 10,000 shares of the business’s stock in a transaction on Tuesday, May 19th. The stock was purchased at an average cost of C$20.45 per share, for a total transaction 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 approximately C$46,743,342.10. The trade was a 0.44% increase in their position. Also, Director John Joseph Pollesel acquired 2,000 shares of the business’s stock in a transaction on Monday, March 16th. The shares were bought at an average price of C$17.90 per share, with a total value of C$35,800.00. Following the completion of the transaction, the director directly owned 3,500 shares of the company’s stock, valued at approximately C$62,650. The trade was a 133.33% increase in their ownership of the stock. Company insiders own 8.93% of the company’s stock.

North American Construction Group Company Profile

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.