North American Construction Group Ltd. (TSE:NOA) Director Buys C$93,236.00 in Stock

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) Director Martin Robert Ferron acquired 4,000 shares of North American Construction Group stock in a transaction dated Monday, March 24th. The shares were purchased at an average price of C$23.31 per share, for a total transaction of C$93,236.00.

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

• On Thursday, March 27th, Martin Robert Ferron bought 4,000 shares of North American Construction Group stock. The stock was purchased at an average cost of C$23.21 per share, with a total value of C$92,835.60.
• On Wednesday, January 1st, Martin Robert Ferron sold 6,209 shares of North American Construction Group stock. The shares were sold at an average price of C$31.60, for a total transaction of C$196,204.40.

North American Construction Group Trading Down 0.5 %

NOA opened at C$22.90 on Friday. North American Construction Group Ltd. has a one year low of C$21.88 and a one year high of C$31.91. The company has a debt-to-equity ratio of 212.25, a current ratio of 1.13 and a quick ratio of 0.79. The business has a 50 day simple moving average of C$25.88 and a two-hundred day simple moving average of C$26.92. The firm has a market capitalization of C$612.96 million, a price-to-earnings ratio of 10.77, a PEG ratio of 0.79 and a beta of 1.59.

North American Construction Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, April 9th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend is Thursday, March 13th. North American Construction Group’s payout ratio is 18.81%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets cut their price objective on shares of North American Construction Group from C$35.00 to C$34.00 in a research note on Thursday, March 20th. Raymond James upgraded shares of North American Construction Group from an “outperform” rating to a “strong-buy” rating and set a C$40.00 price target for the company in a research report on Thursday, January 30th. National Bankshares reduced their price objective on North American Construction Group from C$44.00 to C$41.00 and set an “outperform” rating on the stock in a research note on Friday, March 21st. Cibc World Mkts raised North American Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 5th. Finally, Ventum Financial reduced their price target on North American Construction Group from C$45.00 to C$42.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. Six investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, North American Construction Group currently has an average rating of “Buy” and an average price target of C$37.38.

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.