North American Construction Group (TSE:NOA – Free Report) (NYSE:NOA) had its price objective reduced by BMO Capital Markets from C$42.00 to C$39.00 in a research note published on Tuesday morning, BayStreet.CA reports.
A number of other research analysts also recently issued reports on the stock. ATB Capital decreased their target price on shares of North American Construction Group from C$46.00 to C$45.00 in a research report on Thursday, March 14th. TD Securities upgraded shares of North American Construction Group from a hold rating to a buy rating and set a C$34.00 target price for the company in a research report on Thursday, April 18th. CIBC boosted their target price on shares of North American Construction Group from C$32.50 to C$33.00 in a research report on Friday, March 15th. Finally, National Bankshares boosted their target price on shares of North American Construction Group from C$43.00 to C$46.00 in a research report on Friday, March 15th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of Buy and an average target price of C$39.75.
Get Our Latest Analysis on NOA
North American Construction Group Trading Up 1.5 %
North American Construction Group (TSE:NOA – Get Free Report) (NYSE:NOA) last posted its quarterly earnings data on Wednesday, March 13th. The company reported C$0.88 EPS for the quarter, topping the consensus estimate of C$0.82 by C$0.06. North American Construction Group had a net margin of 6.60% and a return on equity of 19.06%. The business had revenue of C$326.30 million during the quarter, compared to the consensus estimate of C$315.13 million. On average, equities research analysts anticipate that North American Construction Group will post 4.4898551 earnings per share for the current year.
North American Construction Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 8th were given a $0.10 dividend. The ex-dividend date was Thursday, March 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.34%. North American Construction Group’s dividend payout ratio (DPR) is currently 19.14%.
Insiders Place Their Bets
In other North American Construction Group news, Director Martin Robert Ferron sold 20,000 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of C$22.85, for a total value of C$457,000.00. Insiders own 8.44% of the company’s stock.
About North American Construction Group
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.
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