North American Construction Group Ltd. (TSE:NOA) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) have earned a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$22.71.

NOA has been the subject of a number of recent research reports. ATB Cormark Capital Markets increased their target price on North American Construction Group from C$21.00 to C$24.00 and gave the stock a “sector perform” rating in a report on Thursday, May 14th. BMO Capital Markets boosted their price target on North American Construction Group from C$21.00 to C$22.00 and gave the company a “market perform” rating in a research note on Thursday, May 14th. Finally, Raymond James Financial upped their price target on North American Construction Group from C$24.00 to C$26.00 in a research report on Wednesday, April 29th.

North American Construction Group Price Performance

TSE:NOA traded down C$0.18 during mid-day trading on Friday, hitting C$19.27. The company’s stock had a trading volume of 79,890 shares, compared to its average volume of 103,287. The company has a market capitalization of C$522.27 million, a price-to-earnings ratio of 17.21, a P/E/G ratio of 0.79 and a beta of 0.89. 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 has a fifty-two week low of C$16.45 and a fifty-two week high of C$23.49. The stock has a fifty day moving average of C$19.47 and a 200-day moving average of C$20.11.

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

North American Construction Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 3rd. Shareholders of record on Friday, July 3rd were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was 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 dividend payout ratio (DPR) is presently 42.86%.

Insider Buying and Selling at North American Construction Group

In other news, insider North American Construction Group Ltd. bought 165,000 shares of North American Construction Group stock in a transaction dated Wednesday, July 8th. The shares were bought at an average price of C$19.14 per share, for a total transaction of C$3,158,100.00. Following the purchase, the insider owned 165,000 shares of the company’s stock, valued at approximately C$3,158,100. This trade represents a ? increase in their ownership of the stock. Also, Director Martin Robert Ferron bought 5,000 shares of the stock in a transaction dated Thursday, July 2nd. The stock was purchased at an average cost of C$17.76 per share, for a total transaction of C$88,800.00. Following the acquisition, the director owned 2,300,738 shares in the company, valued at C$40,861,106.88. The trade was a 0.22% increase in their position. Insiders bought a total of 185,000 shares of company stock worth $3,543,650 in the last 90 days. 8.93% of the stock is owned by corporate insiders.

About North American Construction Group

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.