North American Construction Group Ltd (TSE:NOA) (NYSE:NOA) Director Martin Robert Ferron sold 1,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of C$16.91, for a total transaction of C$16,910.00. Following the completion of the transaction, the director now directly owns 1,877,871 shares in the company, valued at approximately C$31,754,798.61.
Martin Robert Ferron also recently made the following trade(s):
- On Monday, August 26th, Martin Robert Ferron bought 1,000 shares of North American Construction Group stock. The stock was acquired at an average cost of C$14.99 per share, for a total transaction of C$14,990.00.
- On Wednesday, August 14th, Martin Robert Ferron bought 2,000 shares of North American Construction Group stock. The stock was acquired at an average cost of C$15.65 per share, for a total transaction of C$31,300.00.
Shares of TSE NOA opened at C$16.01 on Friday. North American Construction Group Ltd has a 1 year low of C$10.64 and a 1 year high of C$18.36. The firm’s 50-day moving average is C$15.95 and its 200-day moving average is C$15.45.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Saturday, August 31st will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend is Thursday, August 29th.
Several brokerages have recently issued reports on NOA. Raymond James raised their target price on shares of North American Construction Group from C$22.00 to C$26.00 and gave the company a “strong-buy” rating in a research note on Friday, August 2nd. National Bank Financial raised their target price on shares of North American Construction Group from C$23.00 to C$23.50 and gave the company an “outperform” rating in a research note on Thursday, August 1st.
North American Construction Group Company Profile
North American Energy Partners Inc, through its subsidiaries, provides a range of mining and heavy construction services to customers in the resource development and industrial construction sectors, primarily in Western Canada. The company offers construction and operations support services through various stages of an oil sands project's lifecycle.
Further Reading: What is the price-to-earnings growth (PEG) ratio?
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