Insider Buying: North American Construction Group Ltd. (TSE:NOA) Director Acquires C$93,236.00 in Stock

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) Director Martin Robert Ferron purchased 4,000 shares of the business’s stock in a transaction on Monday, March 24th. The stock was purchased at an average price of C$23.31 per share, with a total value of C$93,236.00.

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

• On Thursday, March 27th, Martin Robert Ferron bought 4,000 shares of North American Construction Group stock. The shares were bought at an average cost of C$23.21 per share, with a total value of C$92,835.60.
• On Wednesday, January 1st, Martin Robert Ferron sold 6,209 shares of North American Construction Group stock. The shares were sold at an average price of C$31.60, for a total value of C$196,204.40.

North American Construction Group Stock Down 0.5 %

NOA opened at C$22.90 on Friday. The company has a debt-to-equity ratio of 212.25, a current ratio of 1.13 and a quick ratio of 0.79. North American Construction Group Ltd. has a one year low of C$21.88 and a one year high of C$31.91. The firm has a market capitalization of C$612.96 million, a P/E ratio of 10.77, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59. The company has a fifty day moving average price of C$25.88 and a 200-day moving average price of C$26.92.

North American Construction Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, April 9th will be given a dividend of $0.12 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.10%. North American Construction Group’s dividend payout ratio (DPR) is presently 18.81%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on NOA. National Bankshares lowered their price objective on shares of North American Construction Group from C$44.00 to C$41.00 and set an “outperform” rating for the company in a research report on Friday, March 21st. Cibc World Mkts upgraded shares of North American Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 5th. Canaccord Genuity Group raised their price objective on North American Construction Group from C$32.00 to C$33.00 in a research report on Friday, December 6th. BMO Capital Markets dropped their target price on shares of North American Construction Group from C$35.00 to C$34.00 in a report on Thursday, March 20th. Finally, Ventum Financial cut their target price on shares of North American Construction Group from C$45.00 to C$42.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Six investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$37.38.

North American Construction Group Company Profile

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.