North American Construction Group Ltd. (TSE:NOA) Declares Quarterly Dividend of $0.12

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) announced a quarterly dividend on Wednesday, November 27th,Zacks Dividends reports. Investors of record on Friday, January 3rd will be given a dividend of 0.12 per share on Friday, January 3rd. This represents a $0.48 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend is Wednesday, November 27th. This is a boost from North American Construction Group’s previous quarterly dividend of $0.10.

North American Construction Group Trading Down 1.4 %

Shares of TSE:NOA opened at C$28.02 on Tuesday. The company has a 50 day moving average of C$26.01 and a 200-day moving average of C$26.48. The company has a current ratio of 1.03, a quick ratio of 0.79 and a debt-to-equity ratio of 210.33. The firm has a market cap of C$748.97 million, a P/E ratio of 15.31, a P/E/G ratio of 0.79 and a beta of 1.59. North American Construction Group has a twelve month low of C$22.68 and a twelve month high of C$34.87.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on NOA shares. Ventum Financial cut their price objective on North American Construction Group from C$52.00 to C$47.00 and set a “buy” rating for the company in a report on Friday, August 2nd. ATB Capital reduced their price objective on shares of North American Construction Group from C$40.00 to C$38.00 in a research report on Friday, November 1st. BMO Capital Markets cut their target price on shares of North American Construction Group from C$37.00 to C$32.00 in a research note on Thursday, August 1st. National Bankshares lifted their price target on shares of North American Construction Group from C$39.00 to C$40.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Raymond James cut their price objective on North American Construction Group from C$40.00 to C$35.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, North American Construction Group currently has a consensus rating of “Buy” and a consensus price target of C$36.25.

Insider Activity

In related news, Director Maryse C. Saint-Laurent bought 2,000 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was bought at an average price of C$25.88 per share, with a total value of C$51,760.00. Also, Director Martin Robert Ferron purchased 6,000 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was bought at an average cost of C$27.98 per share, for a total transaction of C$167,884.20. Over the last quarter, insiders have acquired 13,900 shares of company stock worth $372,377. 8.93% of the stock is owned by corporate insiders.

About North American Construction Group

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.