Insider Buying: North American Construction Group Ltd. (TSE:NOA) Director Acquires 4,000 Shares of Stock

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) Director Martin Robert Ferron bought 4,000 shares of the stock in a transaction on Thursday, March 27th. The stock was purchased at an average price of C$23.21 per share, for a total transaction of C$92,835.60.

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

• On Monday, March 24th, Martin Robert Ferron purchased 4,000 shares of North American Construction Group stock. The stock was bought at an average price of C$23.31 per share, for a total transaction of C$93,236.00.
• On Wednesday, January 1st, Martin Robert Ferron sold 6,209 shares of North American Construction Group stock. The shares were sold at an average price of C$31.60, for a total value of C$196,204.40.

North American Construction Group Trading Down 5.3 %

NOA stock traded down C$1.28 during mid-day trading on Thursday, reaching C$23.02. The company’s stock had a trading volume of 95,990 shares, compared to its average volume of 85,718. The company has a current ratio of 1.13, a quick ratio of 0.79 and a debt-to-equity ratio of 212.25. The company has a market cap of C$616.18 million, a price-to-earnings ratio of 10.82, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59. The business’s 50 day moving average price is C$26.16 and its 200 day moving average price is C$26.96. North American Construction Group Ltd. has a 12 month low of C$21.88 and a 12 month high of C$31.91.

North American Construction Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, April 9th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.48 annualized dividend and a dividend yield of 2.09%. North American Construction Group’s payout ratio is 18.81%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on NOA shares. National Bankshares dropped their price objective on shares of North American Construction Group from C$44.00 to C$41.00 and set an “outperform” rating for the company in a research report on Friday, March 21st. Raymond James raised shares of North American Construction Group from an “outperform” rating to a “strong-buy” rating and set a C$40.00 price target for the company in a report on Thursday, January 30th. BMO Capital Markets cut their price target on shares of North American Construction Group from C$35.00 to C$34.00 in a research note on Thursday, March 20th. CIBC raised North American Construction Group from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from C$30.00 to C$38.00 in a research report on Thursday, December 5th. Finally, Cibc World Mkts upgraded shares of North American Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 5th. Six analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$37.38.

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.