North American Construction Group (TSE:NOA) Insider North American Construction Group Ltd. Acquires 165,000 Shares of Stock

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) insider North American Construction Group Ltd. bought 165,000 shares of the stock in a transaction that occurred on Wednesday, July 8th. The stock was bought at an average cost of C$19.14 per share, for a total transaction of C$3,158,100.00. Following the transaction, the insider owned 165,000 shares of the company’s stock, valued at C$3,158,100. The trade was a ∞ increase in their position.

North American Construction Group Trading Up 1.7%

Shares of North American Construction Group stock opened at C$19.45 on Friday. The stock has a market cap of C$527.15 million, a P/E ratio of 17.37, a P/E/G ratio of 0.79 and a beta of 0.89. 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 12-month low of C$16.45 and a 12-month high of C$23.49. The business’s 50 day moving average is C$19.47 and its 200-day moving average is C$20.11.

North American Construction Group (TSE:NOA) (NYSE:NOA) last posted its quarterly earnings results on Wednesday, May 13th. The company reported C$0.37 EPS for the quarter. North American Construction Group had a return on equity of 7.69% and a net margin of 2.63%.The business had revenue of C$319.22 million during the quarter. Equities 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 3rd. Stockholders of record on Friday, July 3rd were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Wednesday, June 3rd. North American Construction Group’s payout ratio is presently 42.86%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NOA. 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 stock a “market perform” rating in a research report on Thursday, May 14th. Canaccord Genuity Group raised shares of North American Construction Group from a “hold” rating to a “buy” rating and set a C$20.00 target price on the stock in a report on Friday, March 13th. Raymond James Financial boosted their target price on shares of North American Construction Group from C$24.00 to C$26.00 in a research report on Wednesday, April 29th. Finally, ATB Cormark Capital Markets upped their price target 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 report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.