Insider Buying: North American Construction Group Ltd. (TSE:NOA) Director Purchases 10,000 Shares of Stock

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) Director Martin Robert Ferron acquired 10,000 shares of the business’s stock in a transaction dated Thursday, April 3rd. The shares were bought at an average price of C$22.27 per share, for a total transaction of C$222,700.00.

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, for a total transaction of C$92,835.60.
• On Monday, March 24th, Martin Robert Ferron purchased 4,000 shares of North American Construction Group stock. The stock was bought at an average cost of C$23.31 per share, with a total value of C$93,236.00.

North American Construction Group Stock Performance

NOA stock traded down C$1.30 during trading on Thursday, hitting C$22.07. 113,210 shares of the company traded hands, compared to its average volume of 85,289. North American Construction Group Ltd. has a 1 year low of C$21.88 and a 1 year high of C$31.91. The company has a market cap of C$590.75 million, a PE ratio of 10.38, a P/E/G ratio of 0.79 and a beta of 1.59. The stock’s 50-day simple moving average is C$25.46 and its 200 day simple moving average is C$26.87. 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 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, April 9th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Thursday, March 13th. North American Construction Group’s dividend payout ratio is currently 18.81%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Cibc World Mkts raised North American Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 5th. Raymond James upgraded North American Construction Group from an “outperform” rating to a “strong-buy” rating and set a C$40.00 price target on the stock in a research note on Thursday, January 30th. Ventum Financial reduced their price objective on North American Construction Group from C$45.00 to C$42.00 and set a “buy” rating for the company in a research note on Friday, March 21st. CIBC upgraded shares of North American Construction Group from a “neutral” rating to an “outperform” rating and increased their price target for the stock from C$30.00 to C$38.00 in a report on Thursday, December 5th. Finally, Canaccord Genuity Group raised their price target on shares of North American Construction Group from C$32.00 to C$33.00 in a research report on Friday, December 6th. Six equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target 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.