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

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) Director Martin Robert Ferron sold 6,209 shares of the company’s stock in a transaction on Wednesday, January 1st. The shares were 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 purchased 2,900 shares of North American Construction Group stock. The shares were purchased at an average cost of C$27.68 per share, for a total transaction of C$80,272.00.
• On Tuesday, November 12th, Martin Robert Ferron acquired 6,000 shares of North American Construction Group stock. The stock was acquired at an average cost of C$27.98 per share, for a total transaction of C$167,884.20.

North American Construction Group Stock Up 0.3 %

Shares of TSE NOA traded up C$0.10 during mid-day trading on Friday, reaching C$31.34. 34,247 shares of the company’s stock traded hands, compared to its average volume of 43,972. 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 1-year low of C$22.68 and a 1-year high of C$34.87. The stock has a market cap of C$837.72 million, a P/E ratio of 17.13, a PEG ratio of 0.79 and a beta of 1.59. The business has a 50-day simple moving average of C$28.48 and a 200 day simple moving average of C$26.78.

North American Construction Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, January 3rd will be issued a dividend of $0.12 per share. This is a positive change from North American Construction Group’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Wednesday, November 27th. North American Construction Group’s payout ratio is currently 21.86%.

Analyst Ratings Changes

Several research firms recently commented on NOA. Canaccord Genuity Group raised their target price on North American Construction Group from C$32.00 to C$33.00 in a research note on Friday, December 6th. Raymond James lifted their price objective on shares of North American Construction Group from C$35.00 to C$40.00 in a research note on Friday, December 6th. Cibc World Mkts raised shares of North American Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 5th. CIBC raised shares of North American Construction Group from a “neutral” rating to an “outperform” rating and lifted their price target for the company from C$30.00 to C$38.00 in a research note on Thursday, December 5th. Finally, National Bankshares increased their price objective 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. Eight investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus 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.