North American Construction Group Ltd. (TSE:NOA) Director Purchases C$72,460.80 in Stock

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) Director Martin Robert Ferron acquired 3,000 shares of North American Construction Group stock in a transaction on Tuesday, September 10th. The stock was purchased at an average cost of C$24.15 per share, with a total value of C$72,460.80.

Martin Robert Ferron also recently made the following trade(s):

• On Friday, August 9th, Martin Robert Ferron purchased 7,000 shares of North American Construction Group stock. The stock was acquired at an average cost of C$23.70 per share, with a total value of C$165,900.00.
• On Monday, June 24th, Martin Robert Ferron acquired 12,000 shares of North American Construction Group stock. The shares were acquired at an average price of C$26.45 per share, for a total transaction of C$317,400.00.

North American Construction Group Stock Up 0.9 %

North American Construction Group stock opened at C$24.75 on Friday. The firm has a 50 day moving average price of C$25.92 and a 200-day moving average price of C$28.21. The company has a quick ratio of 0.79, a current ratio of 1.03 and a debt-to-equity ratio of 210.33. North American Construction Group Ltd. has a twelve month low of C$23.59 and a twelve month high of C$34.87. The company has a market capitalization of C$661.57 million, a P/E ratio of 13.52, a P/E/G ratio of 0.79 and a beta of 1.61.

North American Construction Group (TSE:NOA) (NYSE:NOA) last announced its quarterly earnings data on Wednesday, July 31st. The company reported C$0.85 earnings per share for the quarter, beating the consensus estimate of C$0.79 by C$0.06. The business had revenue of C$276.31 million during the quarter, compared to analyst estimates of C$314.61 million. North American Construction Group had a return on equity of 15.19% and a net margin of 4.99%. As a group, equities analysts predict that North American Construction Group Ltd. will post 4.0581395 EPS for the current year.

North American Construction Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend is Friday, August 30th. North American Construction Group’s dividend payout ratio (DPR) is presently 21.86%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NOA. Ventum Financial decreased their price objective on North American Construction Group from C$52.00 to C$47.00 and set a “buy” rating for the company in a report on Friday, August 2nd. National Bankshares reduced their price objective on shares of North American Construction Group from C$47.00 to C$39.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. ATB Capital dropped their target price on shares of North American Construction Group from C$45.00 to C$40.00 in a research report on Friday, August 2nd. BMO Capital Markets reduced their target price on North American Construction Group from C$37.00 to C$32.00 in a report on Thursday, August 1st. Finally, TD Securities dropped their price target on North American Construction Group from C$34.00 to C$33.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$37.00.

North American Construction Group Company Profile

North American Construction Group Ltd. provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States. The company operates Heavy Equipment – Canada, Heavy Equipment – Australia, and Other segments.