North American Construction Group Ltd. (NOA) to Issue Quarterly Dividend of $0.12 on January 3rd

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) announced a quarterly dividend on Wednesday, October 30th, Zacks reports. Stockholders of record on Wednesday, November 27th will be paid a dividend of 0.12 per share on Friday, January 3rd. This represents a $0.48 annualized dividend and a dividend yield of 1.77%. 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 Price Performance

NOA stock opened at C$27.15 on Friday. The company has a current ratio of 1.03, a quick ratio of 0.79 and a debt-to-equity ratio of 210.33. North American Construction Group has a 12 month low of C$22.68 and a 12 month high of C$34.87. The stock has a market cap of C$725.72 million, a PE ratio of 14.84, a P/E/G ratio of 0.79 and a beta of 1.59. The company has a 50-day moving average price of C$25.15 and a 200 day moving average price of C$26.59.

North American Construction Group (TSE:NOA) (NYSE:NOA) last released its earnings results on Wednesday, July 31st. The company reported C$0.85 EPS for the quarter, beating analysts’ consensus estimates of C$0.79 by C$0.06. North American Construction Group had a return on equity of 15.19% and a net margin of 4.99%. The firm had revenue of C$276.31 million for the quarter, compared to analysts’ expectations of C$314.61 million. Equities research analysts anticipate that North American Construction Group will post 4.0597484 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Maryse C. Saint-Laurent acquired 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was purchased at an average cost of C$25.88 per share, for a total transaction of C$51,760.00. In other news, Director Martin Robert Ferron bought 3,000 shares of the stock in a transaction on Tuesday, September 10th. The stock was bought at an average cost of C$24.15 per share, for a total transaction of C$72,460.80. Also, Director Maryse C. Saint-Laurent purchased 2,000 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was purchased at an average cost of C$25.88 per share, for a total transaction of C$51,760.00. Insiders acquired 12,000 shares of company stock valued at $290,121 over the last 90 days. Corporate insiders own 8.93% of the company’s stock.

Analyst Upgrades and Downgrades

NOA has been the topic of a number of recent analyst reports. Raymond James reduced their target price on North American Construction Group from C$40.00 to C$35.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Ventum Financial decreased their price objective on shares of 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. National Bankshares dropped their target price on shares of North American Construction Group from C$47.00 to C$39.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. BMO Capital Markets decreased their price target on shares of North American Construction Group from C$37.00 to C$32.00 in a research note on Thursday, August 1st. Finally, ATB Capital dropped their price objective on North American Construction Group from C$45.00 to C$40.00 in a research note on Friday, August 2nd. Seven analysts have rated the stock with a buy rating, According to MarketBeat, North American Construction Group currently has an average rating of “Buy” and an average target price of C$36.13.

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.