North American Construction Group (TSE:NOA) Issues Earnings Results

North American Construction Group (TSE:NOA) (NYSE:NOA) released its earnings results on Wednesday. The company reported C$0.25 earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$413.28 million during the quarter. North American Construction Group had a return on equity of 7.40% and a net margin of 2.41%.

North American Construction Group Stock Performance

NOA traded down C$0.63 during trading on Wednesday, hitting C$16.00. The stock had a trading volume of 298,106 shares, compared to its average volume of 101,699. North American Construction Group has a 12 month low of C$15.40 and a 12 month high of C$23.49. The company has a current ratio of 1.07, a quick ratio of 0.79 and a debt-to-equity ratio of 246.95. The firm has a market cap of C$430.62 million, a PE ratio of 14.29, a P/E/G ratio of 0.79 and a beta of 0.83. The company has a 50 day simple moving average of C$17.46 and a 200-day simple moving average of C$19.34.

North American Construction Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, October 2nd were given a $0.12 dividend. The ex-dividend date of this dividend was Friday, August 28th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.0%. North American Construction Group’s dividend payout ratio (DPR) is currently 42.86%.

Insider Buying and Selling

In related news, insider North American Construction Group Ltd. bought 110,000 shares of North American Construction Group stock in a transaction that occurred on Wednesday, August 12th. The stock was acquired at an average price of C$19.01 per share, for a total transaction of C$2,091,100.00. Following the completion of the purchase, the insider owned 110,000 shares in the company, valued at approximately C$2,091,100. This represents a ? increase in their ownership of the stock. 8.93% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the company. ATB Cormark Capital Markets upgraded North American Construction Group from a “hold” rating to a “moderate buy” rating and set a C$23.50 price objective on the stock in a report on Monday, October 26th. National Bank Financial dropped their target price on shares of North American Construction Group from C$30.00 to C$28.00 and set an “outperform” rating on the stock in a research report on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$22.64.

North American Construction Group Company Profile

North American Construction Group Ltd. is a premier provider of heavy civil construction and mining services in Australia, Canada, and the U.S. For over 70 years, NACG has provided services to the mining, resource and infrastructure construction markets.