North American Construction Group Ltd. (TSE:NOA) Director Acquires C$51,760.00 in Stock

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) Director Maryse C. Saint-Laurent acquired 2,000 shares of the stock in a transaction dated Thursday, September 5th. The stock was bought at an average price of C$25.88 per share, for a total transaction of C$51,760.00.

North American Construction Group Stock Down 5.8 %

TSE NOA opened at C$24.42 on Friday. North American Construction Group Ltd. has a 1-year low of C$23.59 and a 1-year high of C$34.87. The company has a market capitalization of C$652.75 million, a price-to-earnings ratio of 13.34, a PEG ratio of 0.79 and a beta of 1.61. The stock’s 50 day moving average is C$26.09 and its two-hundred day moving average is C$28.45. The company has a current ratio of 1.03, a quick ratio of 0.79 and a debt-to-equity ratio of 210.33.

North American Construction Group (TSE:NOA) (NYSE:NOA) last posted its earnings results on Wednesday, July 31st. The company reported C$0.85 EPS for the quarter, topping the consensus estimate of C$0.79 by C$0.06. North American Construction Group had a return on equity of 15.19% and a net margin of 4.99%. The business had revenue of C$276.31 million during the quarter, compared to the consensus estimate of C$314.61 million. Equities analysts forecast that North American Construction Group Ltd. will post 3.9671642 earnings per share for the current fiscal year.

North American Construction Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, August 30th will be paid a $0.10 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.40 annualized dividend and a dividend yield of 1.64%. North American Construction Group’s dividend payout ratio is presently 21.86%.

Analyst Ratings Changes

A number of analysts have weighed in on NOA shares. TD Securities reduced their price target on shares of North American Construction Group from C$34.00 to C$33.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Raymond James lowered their price target on North American Construction Group from C$40.00 to C$35.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Ventum Financial reduced 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 research report on Friday, August 2nd. BMO Capital Markets lowered their price objective on North American Construction Group from C$37.00 to C$32.00 in a research report on Thursday, August 1st. Finally, ATB Capital reduced their target price on North American Construction Group from C$45.00 to C$40.00 in a research report on Friday, August 2nd. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$37.00.

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.