North American Construction Group (TSE:NOA) Share Price Passes Above 200 Day Moving Average – Should You Sell?

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$19.97 and traded as high as C$20.29. North American Construction Group shares last traded at C$20.13, with a volume of 124,656 shares trading hands.

Analyst Ratings Changes

A number of research firms have weighed in on NOA. ATB Cormark Capital Markets lifted 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 research note on Thursday, May 14th. Raymond James Financial increased 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, BMO Capital Markets raised 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 report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, North American Construction Group currently has a consensus rating of “Moderate Buy” and an average target price of C$22.71.

North American Construction Group Stock Performance

The company has a debt-to-equity ratio of 202.48, a quick ratio of 0.79 and a current ratio of 1.11. The firm has a 50 day moving average price of C$19.14 and a two-hundred day moving average price of C$19.97. The company has a market capitalization of C$552.36 million, a P/E ratio of 18.20, a price-to-earnings-growth ratio of 0.79 and a beta of 0.83.

North American Construction Group (TSE:NOA) (NYSE:NOA) last posted its earnings results on Wednesday, May 13th. The company reported C$0.37 EPS for the quarter. The business had revenue of C$319.22 million during the quarter. North American Construction Group had a return on equity of 7.69% and a net margin of 2.63%. On average, research analysts expect 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 business also recently disclosed a quarterly dividend, which was paid on Friday, July 3rd. Shareholders 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 dividend on an annualized basis and a dividend yield of 2.4%. North American Construction Group’s dividend payout ratio (DPR) is presently 42.86%.

Insider Buying and Selling at North American Construction Group

In other news, Director Martin Robert Ferron bought 5,000 shares of the stock in a transaction dated Thursday, July 2nd. The shares were acquired at an average price of C$17.76 per share, with a total value of C$88,800.00. Following the acquisition, the director owned 2,300,738 shares in the company, valued at C$40,861,106.88. This trade represents a 0.22% increase in their ownership of the stock. Also, insider North American Construction Group Ltd. bought 165,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 8th. The shares were purchased at an average price of C$19.14 per share, with a total value of C$3,158,100.00. Following the transaction, the insider directly owned 165,000 shares in the company, valued at C$3,158,100. This represents a ∞ increase in their ownership of the stock. Insiders bought a total of 185,000 shares of company stock worth $3,543,650 in the last 90 days. 8.93% of the stock is owned by corporate insiders.

About North American Construction Group

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.