North American Construction Group (TSE:NOA) Hits New 52-Week Low – Time to Sell?

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) reached a new 52-week low on Tuesday . The stock traded as low as C$22.65 and last traded at C$22.73, with a volume of 35839 shares changing hands. The stock had previously closed at C$22.96.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on NOA shares. 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. CIBC raised North American Construction Group from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from C$30.00 to C$38.00 in a research note on Thursday, December 5th. Raymond James raised shares of North American Construction Group from an “outperform” rating to a “strong-buy” rating and set a C$40.00 target price for the company in a research report on Thursday, January 30th. National Bankshares dropped their price target on shares of North American Construction Group from C$45.00 to C$44.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. Finally, Canaccord Genuity Group increased their price objective on shares of North American Construction Group from C$32.00 to C$33.00 in a research report on Friday, December 6th. Six research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$38.13.

North American Construction Group Price Performance

The company has a debt-to-equity ratio of 212.25, a current ratio of 1.13 and a quick ratio of 0.79. The firm’s 50 day simple moving average is C$27.77 and its 200 day simple moving average is C$27.16. The stock has a market capitalization of C$613.77 million, a PE ratio of 10.78, a P/E/G ratio of 0.79 and a beta of 1.59.

North American Construction Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, April 9th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Thursday, March 13th. North American Construction Group’s dividend payout ratio (DPR) is presently 18.81%.

Insiders Place Their Bets

In other news, Director Martin Robert Ferron sold 6,209 shares of North American Construction Group 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 value of C$196,204.40. Insiders own 8.93% of the company’s stock.

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.