Martin Robert Ferron Acquires 5,000 Shares of North American Construction Group (TSE:NOA) Stock

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) Director Martin Robert Ferron acquired 5,000 shares of the business’s stock in a transaction dated Thursday, July 2nd. The shares were acquired at an average cost of C$17.76 per share, with a total value of C$88,800.00. Following the acquisition, the director directly owned 2,300,738 shares of the company’s stock, valued at C$40,861,106.88. This represents a 0.22% increase in their position.

Martin Robert Ferron also recently made the following trade(s):

• On Friday, June 12th, Martin Robert Ferron bought 5,000 shares of North American Construction Group stock. The shares were bought at an average price of C$18.45 per share, with a total value of C$92,250.00.
• On Tuesday, May 19th, Martin Robert Ferron acquired 10,000 shares of North American Construction Group stock. The shares were bought at an average price of C$20.45 per share, for a total transaction of C$204,500.00.

North American Construction Group Trading Up 2.5%

TSE NOA opened at C$19.13 on Thursday. The company has a quick ratio of 0.79, a current ratio of 1.11 and a debt-to-equity ratio of 202.48. The stock’s 50-day simple moving average is C$19.48 and its two-hundred day simple moving average is C$20.10. North American Construction Group Ltd. has a twelve month low of C$16.45 and a twelve month high of C$23.49. The company has a market capitalization of C$518.48 million, a price-to-earnings ratio of 17.08, a PEG ratio of 0.79 and a beta of 0.89.

North American Construction Group (TSE:NOA) (NYSE:NOA) last announced its quarterly earnings data on Wednesday, May 13th. The company reported C$0.37 EPS for the quarter. The firm had revenue of C$319.22 million for the quarter. North American Construction Group had a return on equity of 7.69% and a net margin of 2.63%. Research analysts forecast that North American Construction Group Ltd. will post 4.0597484 EPS for the current fiscal year.

North American Construction Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 3rd. Investors of record on Friday, July 3rd were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $0.48 annualized dividend and a dividend yield of 2.5%. North American Construction Group’s dividend payout ratio (DPR) is currently 42.86%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NOA. BMO Capital Markets raised their price objective on 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. ATB Cormark Capital Markets boosted their price objective on North American Construction Group from C$21.00 to C$24.00 and gave the company a “sector perform” rating in a research report on Thursday, May 14th. Raymond James Financial raised their target price on shares of North American Construction Group from C$24.00 to C$26.00 in a report on Wednesday, April 29th. Finally, Canaccord Genuity Group upgraded shares of 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. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, North American Construction Group presently has a consensus rating of “Moderate Buy” and a consensus price target of C$22.71.

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.