North American Construction Group Ltd. (TSE:NOA) Director Buys C$222,700.00 in Stock

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) Director Martin Robert Ferron purchased 10,000 shares of the stock in a transaction on Thursday, April 3rd. The shares were acquired at an average price of C$22.27 per share, for a total transaction of C$222,700.00.

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

• On Thursday, March 27th, Martin Robert Ferron acquired 4,000 shares of North American Construction Group stock. The shares were purchased at an average price of C$23.21 per share, with a total value of C$92,835.60.
• On Monday, March 24th, Martin Robert Ferron purchased 4,000 shares of North American Construction Group stock. The shares were acquired at an average price of C$23.31 per share, for a total transaction of C$93,236.00.

North American Construction Group Trading Down 5.6 %

Shares of NOA stock traded down C$1.30 during trading hours on Thursday, hitting C$22.07. The company had a trading volume of 113,210 shares, compared to its average volume of 85,289. The stock has a market capitalization of C$590.75 million, a PE ratio of 10.38, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59. The company has a debt-to-equity ratio of 212.25, a current ratio of 1.13 and a quick ratio of 0.79. North American Construction Group Ltd. has a fifty-two week low of C$21.88 and a fifty-two week high of C$31.91. The company’s fifty day moving average is C$25.46 and its 200 day moving average is C$26.87.

North American Construction Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, April 9th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend is Thursday, March 13th. North American Construction Group’s payout ratio is 18.81%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Ventum Financial cut their price objective on shares of North American Construction Group from C$45.00 to C$42.00 and set a “buy” rating for the company in a report on Friday, March 21st. Raymond James upgraded 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 report on Thursday, January 30th. CIBC upgraded North American Construction Group from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from C$30.00 to C$38.00 in a report on Thursday, December 5th. National Bankshares cut 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. Finally, Canaccord Genuity Group boosted their target price on shares of North American Construction Group from C$32.00 to C$33.00 in a report on Friday, December 6th. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$37.38.

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.