North American Construction Group (TSE:NOA) Director Purchases C$92,250.00 in Stock

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) Director Martin Robert Ferron purchased 5,000 shares of the business’s stock in a transaction on Friday, June 12th. The stock was purchased at an average cost of C$18.45 per share, for a total transaction of C$92,250.00. Following the completion of the acquisition, the director directly owned 2,295,738 shares of the company’s stock, valued at approximately C$42,356,366.10. The trade was a 0.22% increase in their position.

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

• On Tuesday, May 19th, Martin Robert Ferron purchased 10,000 shares of North American Construction Group stock. The stock was purchased at an average cost of C$20.45 per share, for a total transaction of C$204,500.00.

North American Construction Group Price Performance

TSE NOA opened at C$18.92 on Thursday. The firm’s fifty day simple moving average is C$19.63 and its two-hundred day simple moving average is C$20.15. The company has a current ratio of 1.11, a quick ratio of 0.79 and a debt-to-equity ratio of 202.48. North American Construction Group Ltd. has a 12-month low of C$16.45 and a 12-month high of C$24.59. The firm has a market capitalization of C$512.79 million, a P/E ratio of 16.89, a P/E/G ratio of 0.79 and a beta of 0.91.

North American Construction Group (TSE:NOA) (NYSE:NOA) last announced its quarterly earnings data on Wednesday, May 13th. The company reported C$0.37 earnings per share for the quarter. The firm had revenue of C$319.22 million for the quarter. North American Construction Group had a net margin of 2.63% and a return on equity of 7.69%. Analysts forecast that North American Construction Group Ltd. will post 4.0597484 EPS for the current fiscal year.

North American Construction Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 3rd. Stockholders of record on Friday, July 3rd will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.5%. North American Construction Group’s payout ratio is 42.86%.

Wall Street Analysts Forecast Growth

NOA has been the topic of a number of research analyst reports. ATB Cormark Capital Markets boosted their price objective on shares of North American Construction Group from C$21.00 to C$24.00 and gave the company a “sector perform” rating in a report on Thursday, May 14th. Raymond James Financial boosted their price objective on shares of North American Construction Group from C$24.00 to C$26.00 in a report on Wednesday, April 29th. Canaccord Genuity Group raised shares of North American Construction Group from a “hold” rating to a “buy” rating and set a C$20.00 price objective on the stock in a report on Friday, March 13th. Finally, BMO Capital Markets boosted their price objective on shares of North American Construction Group from C$21.00 to C$22.00 and gave the company a “market perform” rating in a report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$22.71.

North American Construction Group Company Profile

North American Construction Group Ltd is Canada’s provider of heavy civil construction and mining contractors. The company has provided services to the oil, natural gas and resource companies.