North American Construction Group Ltd. Buys 110,000 Shares of North American Construction Group (TSE:NOA) Stock

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) insider North American Construction Group Ltd. bought 110,000 shares of the business’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 in the company, valued at C$2,091,100. This represents a ∞ increase in their ownership of the stock.

North American Construction Group Ltd. also recently made the following trade(s):

• On Wednesday, July 8th, North American Construction Group Ltd. purchased 165,000 shares of North American Construction Group stock. The shares were acquired at an average price of C$19.14 per share, with a total value of C$3,158,100.00.

North American Construction Group Trading Down 3.9%

TSE:NOA opened at C$19.24 on Friday. The stock has a market cap of C$521.46 million, a price-to-earnings ratio of 17.18, a PEG ratio of 0.79 and a beta of 0.83. The company has a debt-to-equity ratio of 202.48, a quick ratio of 0.79 and a current ratio of 1.11. North American Construction Group Ltd. has a 1 year low of C$16.45 and a 1 year high of C$23.49. The business has a fifty day moving average of C$19.27 and a 200-day moving average of C$19.94.

North American Construction Group (TSE:NOA) (NYSE:NOA) last issued its quarterly earnings data on Wednesday, August 12th. The company reported C$0.32 earnings per share for the quarter. The business had revenue of C$400.96 million for the quarter. North American Construction Group had a net margin of 2.63% and a return on equity of 7.69%. Equities analysts predict that North American Construction Group Ltd. will post 4.0597484 earnings per share for the current year.

North American Construction Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 3rd. Shareholders of record on Friday, July 3rd were paid 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 yield of 2.5%. North American Construction Group’s dividend payout ratio (DPR) is presently 42.86%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on NOA. National Bank Financial reduced their price target on shares of North American Construction Group from C$30.00 to C$28.00 and set an “outperform” rating for the company in a research note on Friday. 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 company a “market perform” rating in a research note on Thursday, May 14th. ATB Cormark Capital Markets boosted their target price on 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. Finally, Raymond James Financial boosted their target price on North American Construction Group from C$24.00 to C$26.00 in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, North American Construction Group has a consensus rating of “Moderate Buy” and an average price target of C$22.71.

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.