North American Construction Group (TSE:NOA) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$19.62 and traded as low as C$18.42. North American Construction Group shares last traded at C$18.70, with a volume of 89,259 shares trading hands.

Analysts Set New Price Targets

A number of research firms have commented on NOA. ATB Cormark Capital Markets lifted 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. National Bank Financial lowered their price target on North American Construction Group from C$30.00 to C$28.00 and set an “outperform” rating on the stock in a report on Friday, August 14th. Finally, BMO Capital Markets increased their price objective on North American Construction Group from C$21.00 to C$22.00 and gave the company a “market perform” rating in a research report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$22.71.

North American Construction Group Price Performance

The company has a debt-to-equity ratio of 246.95, a current ratio of 1.07 and a quick ratio of 0.79. The business’s 50 day moving average price is C$19.12 and its 200 day moving average price is C$19.56. The stock has a market capitalization of C$503.56 million, a P/E ratio of 16.71, a price-to-earnings-growth ratio of 0.79 and a beta of 0.89.

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. North American Construction Group had a net margin of 2.41% and a return on equity of 7.40%. The company had revenue of C$400.96 million for the quarter. Sell-side analysts forecast that North American Construction Group Ltd. will post 4.0597484 EPS for the current year.

North American Construction Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, October 2nd will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, August 28th. This represents a $0.48 dividend on an annualized basis and a yield of 2.6%. North American Construction Group’s payout ratio is currently 42.86%.

Insider Buying and Selling at North American Construction Group

In other news, Director Martin Robert Ferron purchased 5,000 shares of the company’s stock in a transaction dated Thursday, July 2nd. The shares were purchased at an average cost of C$17.76 per share, for a total transaction of C$88,800.00. Following the purchase, the director directly owned 2,300,738 shares in the company, valued at approximately C$40,861,106.88. This represents a 0.22% increase in their position. Also, insider North American Construction Group Ltd. acquired 165,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 8th. The stock was purchased at an average cost of C$19.14 per share, with a total value of C$3,158,100.00. Following the acquisition, the insider directly owned 165,000 shares of the company’s stock, valued at C$3,158,100. This trade represents a ∞ increase in their ownership of the stock. Insiders have bought a total of 285,000 shares of company stock worth $5,430,250 over the last three months. Insiders own 8.93% of the company’s stock.

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.