North American Construction Group (TSE:NOA) Stock Crosses Below 200 Day Moving Average – Here’s Why

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA)’s stock price crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of C$19.01 and traded as low as C$16.52. North American Construction Group shares last traded at C$16.81, with a volume of 161,755 shares trading hands.

Analysts Set New Price Targets

Separately, National Bank Financial cut their target price on North American Construction Group from C$30.00 to C$28.00 and set an “outperform” rating on the stock in a research note on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$22.71.

North American Construction Group Stock Performance

The firm has a market cap of C$437.89 million, a PE ratio of 14.53, a price-to-earnings-growth ratio of 0.79 and a beta of 0.83. The business has a 50 day simple moving average of C$18.25 and a two-hundred day simple moving average of C$18.98. The company has a quick ratio of 0.79, a current ratio of 1.07 and a debt-to-equity ratio of 246.95.

North American Construction Group (TSE:NOA) (NYSE:NOA) last issued its earnings results on Wednesday, August 12th. The company reported C$0.32 earnings per share (EPS) for the quarter. The firm had revenue of C$400.96 million during the quarter. North American Construction Group had a net margin of 2.41% and a return on equity of 7.40%. As a group, equities research analysts forecast that North American Construction Group Ltd. will post 4.06 earnings per share for the current fiscal year.

North American Construction Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, October 2nd were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Friday, August 28th. North American Construction Group’s payout ratio is 42.86%.

Insider Buying and Selling

In related news, insider North American Construction Group Ltd. bought 110,000 shares of the company’s stock in a transaction on Wednesday, August 12th. The shares were acquired at an average cost of C$19.01 per share, for a total transaction of C$2,091,100.00. Following the purchase, the insider directly owned 110,000 shares of the company’s stock, valued at approximately C$2,091,100. The trade was a ∞ increase in their ownership of the stock. 8.93% of the stock is owned by corporate insiders.

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.