Timothy John Murphy Sells 2,930 Shares of Aecon Group (TSE:ARE) Stock

Aecon Group Inc. (TSE:ARE) insider Timothy John Murphy sold 2,930 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of C$52.31, for a total value of C$153,268.30. Following the sale, the insider directly owned 4,801 shares in the company, valued at C$251,140.31. This trade represents a 37.90% decrease in their ownership of the stock.

Aecon Group Stock Performance

ARE stock traded down C$0.23 during trading on Wednesday, reaching C$49.85. The stock had a trading volume of 406,050 shares, compared to its average volume of 498,834. Aecon Group Inc. has a 52 week low of C$17.06 and a 52 week high of C$57.72. The stock’s 50 day moving average is C$44.96 and its two-hundred day moving average is C$36.55. The company has a current ratio of 1.16, a quick ratio of 1.27 and a debt-to-equity ratio of 42.80. The firm has a market cap of C$3.41 billion, a PE ratio of 90.64, a PEG ratio of 18.18 and a beta of 1.16.

Aecon Group (TSE:ARE) last posted its earnings results on Tuesday, April 28th. The company reported C($0.21) earnings per share for the quarter. Aecon Group had a net margin of 0.62% and a return on equity of 3.71%. The firm had revenue of C$1.26 billion during the quarter. As a group, equities analysts anticipate that Aecon Group Inc. will post 1.3793321 earnings per share for the current year.

Aecon Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Thursday, April 2nd were issued a $0.1925 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.77 dividend on an annualized basis and a yield of 1.5%. Aecon Group’s dividend payout ratio is currently 138.64%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. TD Securities increased their target price on Aecon Group from C$47.00 to C$49.00 and gave the company a “buy” rating in a report on Monday, March 30th. Canadian Imperial Bank of Commerce increased their target price on Aecon Group from C$45.00 to C$48.00 in a report on Thursday, April 9th. National Bank Financial raised their price objective on Aecon Group from C$48.00 to C$59.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. TD raised their price objective on Aecon Group from C$49.00 to C$59.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Finally, Jefferies Financial Group raised their price objective on Aecon Group from C$49.00 to C$59.00 in a research note on Monday, April 27th. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of C$52.29.

Aecon Group Company Profile

Aecon Group Inc is a Canada-based company that operates in two segments: Construction and Concessions. The Construction segment includes various aspects of the construction of public and private infrastructure projects, mainly in the transportation sector. Its concessions segment is engaged in the development, financing, construction, and operation of infrastructure projects. Aecon generates the majority of its revenue from the Construction segment.