National Bankshares Issues Positive Forecast for North American Construction Group (TSE:NOA) Stock Price

North American Construction Group (TSE:NOA) (NYSE:NOA) had its target price hoisted by National Bankshares from C$39.00 to C$40.00 in a research note issued to investors on Friday, BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

A number of other equities analysts also recently issued reports on the company. ATB Capital lowered their price target on North American Construction Group from C$45.00 to C$40.00 in a research report on Friday, August 2nd. TD Securities lowered their price target on North American Construction Group from C$34.00 to C$33.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Canaccord Genuity Group lowered their price target on North American Construction Group from C$34.00 to C$30.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. Raymond James decreased 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 report on Friday, August 2nd. Finally, BMO Capital Markets decreased their target price on North American Construction Group from C$37.00 to C$32.00 in a research report on Thursday, August 1st. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, North American Construction Group has a consensus rating of “Buy” and a consensus target price of C$36.25.

North American Construction Group Stock Performance

North American Construction Group stock traded up C$0.19 during midday trading on Friday, hitting C$27.34. 156,511 shares of the company were exchanged, compared to its average volume of 67,884. The firm has a market capitalization of C$730.80 million, a PE ratio of 14.94, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59. North American Construction Group has a fifty-two week low of C$22.68 and a fifty-two week high of C$34.87. The business has a fifty day simple moving average of C$25.19 and a two-hundred day simple moving average of C$26.57. The company has a debt-to-equity ratio of 210.33, a quick ratio of 0.79 and a current ratio of 1.03.

North American Construction Group (TSE:NOA) (NYSE:NOA) last issued its quarterly earnings results on Wednesday, July 31st. The company reported C$0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.79 by C$0.06. The company had revenue of C$276.31 million for the quarter, compared to the consensus estimate of C$314.61 million. North American Construction Group had a return on equity of 15.19% and a net margin of 4.99%. On average, sell-side analysts forecast that North American Construction Group will post 4.0597484 earnings per share for the current year.

North American Construction Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Wednesday, November 27th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Wednesday, November 27th. 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 21.86%.

Insider Buying and Selling

In related news, Director Maryse C. Saint-Laurent acquired 2,000 shares of North American Construction Group stock in a transaction that occurred on Thursday, September 5th. The shares were purchased at an average price of C$25.88 per share, for a total transaction of C$51,760.00. In related news, Director Martin Robert Ferron acquired 3,000 shares of North American Construction Group stock in a transaction that occurred on Tuesday, September 10th. The shares were purchased at an average price of C$24.15 per share, for a total transaction of C$72,460.80. Also, Director Maryse C. Saint-Laurent acquired 2,000 shares of North American Construction Group stock in a transaction that occurred on Thursday, September 5th. The shares were bought at an average price of C$25.88 per share, for a total transaction of C$51,760.00. Over the last 90 days, insiders have purchased 12,000 shares of company stock worth $290,121. 8.93% of the stock is owned by corporate insiders.

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.