North American Construction Group (TSE:NOA) Given New C$39.00 Price Target at National Bankshares

North American Construction Group (TSE:NOA) (NYSE:NOA) had its price target lowered by National Bankshares from C$47.00 to C$39.00 in a research note issued to investors on Friday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other brokerages also recently weighed in on NOA. Ventum Financial dropped their price objective on North American Construction Group from C$52.00 to C$47.00 and set a buy rating for the company in a research report on Friday. ATB Capital dropped their price objective on North American Construction Group from C$45.00 to C$40.00 in a research report on Friday. TD Securities dropped their price objective on North American Construction Group from C$34.00 to C$33.00 and set a buy rating for the company in a research report on Friday. Raymond James dropped their price objective on North American Construction Group from C$40.00 to C$35.00 and set an outperform rating for the company in a research report on Friday. Finally, BMO Capital Markets dropped their price objective on North American Construction Group from C$37.00 to C$32.00 in a research report on Thursday, August 1st. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of Buy and an average target price of C$37.00.

North American Construction Group Stock Performance

NOA opened at C$25.02 on Friday. The firm has a market cap of C$668.78 million, a P/E ratio of 14.14, a price-to-earnings-growth ratio of 0.79 and a beta of 1.64. North American Construction Group has a 52-week low of C$24.01 and a 52-week high of C$34.87. The company has a debt-to-equity ratio of 206.01, a quick ratio of 0.79 and a current ratio of 1.04. The business’s fifty day moving average is C$27.24 and its 200-day moving average is C$29.47.

North American Construction Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, October 4th will be given a $0.10 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.40 annualized dividend and a yield of 1.60%. North American Construction Group’s dividend payout ratio is presently 22.60%.

Insider Buying and Selling at North American Construction Group

In related news, Director Martin Robert Ferron acquired 5,000 shares of the stock in a transaction dated Thursday, May 16th. The stock was bought at an average cost of C$27.68 per share, for a total transaction of C$138,400.00. Over the last three months, insiders bought 22,000 shares of company stock worth $554,850. 8.78% of the stock is currently owned by 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.