North American Construction Group Ltd. (TSE:NOA) Director Buys C$80,272.00 in Stock

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) Director Martin Robert Ferron acquired 2,900 shares of the business’s stock in a transaction on Monday, November 18th. The shares were bought at an average cost of C$27.68 per share, with a total value of C$80,272.00.

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

• On Tuesday, November 12th, Martin Robert Ferron acquired 6,000 shares of North American Construction Group stock. The shares were bought at an average cost of C$27.98 per share, with a total value of C$167,884.20.
• On Tuesday, September 10th, Martin Robert Ferron acquired 3,000 shares of North American Construction Group stock. The shares were bought at an average cost of C$24.15 per share, with a total value of C$72,460.80.

North American Construction Group Trading Down 1.7 %

NOA traded down C$0.48 during trading on Monday, reaching C$27.53. The company had a trading volume of 48,379 shares, compared to its average volume of 67,285. The stock has a market cap of C$735.88 million, a P/E ratio of 15.11, a PEG ratio of 0.79 and a beta of 1.59. The business has a 50 day simple moving average of C$25.68 and a 200-day simple moving average of C$26.51. North American Construction Group Ltd. has a 52 week low of C$22.68 and a 52 week high of C$34.87. The company has a quick ratio of 0.79, a current ratio of 1.03 and a debt-to-equity ratio of 210.33.

North American Construction Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, January 3rd will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.74%. This is an increase from North American Construction Group’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Wednesday, November 27th. North American Construction Group’s dividend payout ratio (DPR) is 21.86%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NOA. Ventum Financial lowered their target price 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, August 2nd. ATB Capital lowered their target price on North American Construction Group from C$40.00 to C$38.00 in a research report on Friday, November 1st. Raymond James lowered their target price 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, August 2nd. National Bankshares increased their target price on North American Construction Group from C$39.00 to C$40.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, TD Securities lowered their target price 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, August 2nd. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, North American Construction Group currently has a consensus rating of “Buy” and an average price target of C$36.25.

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.