North American Construction Group Ltd. (TSE:NOA) Director Martin Robert Ferron Sells 6,209 Shares

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) Director Martin Robert Ferron sold 6,209 shares of the firm’s stock in a transaction that occurred on Wednesday, January 1st. The stock was sold at an average price of C$31.60, for a total transaction of C$196,204.40.

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

• On Monday, November 18th, Martin Robert Ferron acquired 2,900 shares of North American Construction Group stock. The stock was bought at an average cost of C$27.68 per share, with a total value of C$80,272.00.
• On Tuesday, November 12th, Martin Robert Ferron bought 6,000 shares of North American Construction Group stock. The shares were bought at an average cost of C$27.98 per share, for a total transaction of C$167,884.20.

North American Construction Group Trading Up 0.3 %

TSE NOA traded up C$0.10 during trading hours on Friday, reaching C$31.34. The company’s stock had a trading volume of 34,247 shares, compared to its average volume of 43,972. The firm has a fifty day simple moving average of C$28.48 and a 200-day simple moving average of C$26.78. The company has a debt-to-equity ratio of 210.33, a current ratio of 1.03 and a quick ratio of 0.79. North American Construction Group Ltd. has a 52 week low of C$22.68 and a 52 week high of C$34.87. The stock has a market cap of C$837.72 million, a P/E ratio of 17.13, a P/E/G ratio of 0.79 and a beta of 1.59.

North American Construction Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, January 3rd will be paid a dividend of $0.12 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.48 annualized dividend and a dividend yield of 1.53%. This is an increase from North American Construction Group’s previous quarterly dividend of $0.10. North American Construction Group’s dividend payout ratio (DPR) is presently 21.86%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on NOA shares. Cibc World Mkts raised shares of North American Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 5th. National Bankshares increased 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. Canaccord Genuity Group lifted their price objective on shares of North American Construction Group from C$32.00 to C$33.00 in a research note on Friday, December 6th. CIBC upgraded North American Construction Group from a “neutral” rating to an “outperform” rating and upped their target price for the stock from C$30.00 to C$38.00 in a research note on Thursday, December 5th. Finally, ATB Capital decreased their price target on North American Construction Group from C$40.00 to C$38.00 in a research note on Friday, November 1st. Eight equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, North American Construction Group currently has a consensus rating of “Buy” and an average price target of C$37.63.

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.