North American Construction Group Ltd. (TSE:NOA) Increases Dividend to $0.12 Per Share

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) declared a quarterly dividend on Wednesday, October 30th, Zacks reports. Stockholders of record on Wednesday, November 27th will be given a dividend of 0.12 per share on Friday, January 3rd. This represents a $0.48 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Wednesday, November 27th. This is a positive change from North American Construction Group’s previous quarterly dividend of $0.10.

North American Construction Group Trading Up 13.5 %

Shares of TSE NOA opened at C$27.15 on Friday. North American Construction Group has a 12-month low of C$22.68 and a 12-month high of C$34.87. The company has a market cap of C$725.72 million, a price-to-earnings ratio of 14.84, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59. The company has a current ratio of 1.03, a quick ratio of 0.79 and a debt-to-equity ratio of 210.33. The stock’s 50 day simple moving average is C$25.15 and its 200 day simple moving average is C$26.59.

North American Construction Group (TSE:NOA) (NYSE:NOA) last released its quarterly earnings data on Wednesday, July 31st. The company reported C$0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of C$314.61 million. Equities research analysts expect that North American Construction Group will post 4.0597484 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Canaccord Genuity Group reduced their price objective on North American Construction Group from C$34.00 to C$30.00 and set a “buy” rating for the company in a research report on Tuesday, October 15th. National Bankshares reduced their price target on 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. 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. ATB Capital reduced their price target on North American Construction Group from C$45.00 to C$40.00 in a research report on Friday, August 2nd. Finally, BMO Capital Markets reduced their price target on North American Construction Group from C$37.00 to C$32.00 in a research report on Thursday, August 1st. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$36.13.

Insider Transactions at North American Construction Group

In related news, Director Martin Robert Ferron bought 7,000 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were bought at an average cost of C$23.70 per share, with a total value of C$165,900.00. In related news, Director Maryse C. Saint-Laurent purchased 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was acquired at an average cost of C$25.88 per share, for a total transaction of C$51,760.00. Also, Director Martin Robert Ferron acquired 7,000 shares of the company’s stock in a transaction on Friday, August 9th. The stock was bought at an average price of C$23.70 per share, for a total transaction of C$165,900.00. Insiders have purchased 12,000 shares of company stock valued at $290,121 over the last three months. Company insiders own 8.93% 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.