North American Construction Group Ltd. (TSE:NOA) Director Acquires C$80,272.00 in Stock

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) Director Martin Robert Ferron acquired 2,900 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average cost of C$27.68 per share, for a total transaction of C$80,272.00.

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

• On Tuesday, November 12th, Martin Robert Ferron purchased 6,000 shares of North American Construction Group stock. The shares were bought at an average cost of C$27.98 per share, for a total transaction of C$167,884.20.
• On Tuesday, September 10th, Martin Robert Ferron acquired 3,000 shares of North American Construction Group stock. The stock was purchased at an average cost of C$24.15 per share, with a total value of C$72,460.80.

North American Construction Group Trading Down 1.7 %

Shares of NOA stock opened at C$27.53 on Tuesday. The stock has a fifty day simple moving average of C$25.68 and a two-hundred day simple moving average of C$26.51. North American Construction Group Ltd. has a 52-week low of C$22.68 and a 52-week high of C$34.87. The firm has a market capitalization of C$735.88 million, a PE ratio of 15.04, a PEG ratio of 0.79 and a beta of 1.59. The company has a debt-to-equity ratio of 210.33, a quick ratio of 0.79 and a current ratio of 1.03.

North American Construction Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, January 3rd will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.74%. This is an increase from North American Construction Group’s previous quarterly dividend of $0.10. The ex-dividend date is Wednesday, November 27th. North American Construction Group’s dividend payout ratio is presently 21.86%.

Wall Street Analyst Weigh In

NOA has been the topic of a number of research reports. ATB Capital dropped their price objective on shares of North American Construction Group from C$40.00 to C$38.00 in a report on Friday, November 1st. Raymond James reduced their price objective on North American Construction Group from C$40.00 to C$35.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Canaccord Genuity Group lifted their target price on North American Construction Group from C$30.00 to C$32.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Ventum Financial reduced their price target 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. Finally, TD Securities lowered their price objective on North American Construction Group from C$34.00 to C$33.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$36.25.

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.