North American Construction Group (TSE:NOA) Hits New 1-Year Low – Time to Sell?

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) shares hit a new 52-week low during trading on Thursday. The stock traded as low as C$12.20 and last traded at C$13.11, with a volume of 514,361 shares. The stock had previously closed at C$16.00.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. National Bank Financial cut their price objective 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 report on Friday, August 14th. ATB Cormark Capital Markets raised North American Construction Group from a “hold” rating to a “moderate buy” rating and set a C$23.50 target price for the company in a research report on Monday, October 26th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$22.64.

North American Construction Group Stock Down 17.0%

The company has a 50-day moving average of C$17.41 and a two-hundred day moving average of C$19.31. The company has a market capitalization of C$357.42 million, a PE ratio of 11.86, a P/E/G ratio of 0.79 and a beta of 0.83. The company has a debt-to-equity ratio of 246.95, a current ratio of 1.07 and a quick ratio of 0.79.

North American Construction Group (TSE:NOA) (NYSE:NOA) last released its earnings results on Wednesday, November 4th. The company reported C$0.25 earnings per share (EPS) for the quarter. The company had revenue of C$413.28 million during the quarter. North American Construction Group had a net margin of 2.41% and a return on equity of 7.40%. Sell-side analysts anticipate that North American Construction Group Ltd. will post 4.06 earnings per share for the current fiscal year.

North American Construction Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, October 2nd were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Friday, August 28th. North American Construction Group’s dividend payout ratio (DPR) is 42.86%.

Insider Activity at North American Construction Group

In related news, insider North American Construction Group Ltd. bought 110,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was purchased 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 transaction, the insider owned 110,000 shares in the company, valued at C$2,091,100. The trade was a ? increase in their ownership of the stock. Company insiders own 8.93% of the company’s stock.

About North American Construction Group

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.