North American Construction Group Ltd. (TSE:NOA) Director Acquires C$167,884.20 in Stock

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) Director Martin Robert Ferron bought 6,000 shares of North American Construction Group stock in a transaction that occurred on Tuesday, November 12th. The shares were acquired at an average price of C$27.98 per share, with a total value of C$167,884.20.

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

• On Tuesday, September 10th, Martin Robert Ferron purchased 3,000 shares of North American Construction Group stock. The shares were acquired at an average cost of C$24.15 per share, for a total transaction of C$72,460.80.

North American Construction Group Stock Performance

NOA opened at C$27.92 on Thursday. The firm’s 50-day moving average price is C$25.58 and its 200-day moving average price is C$26.57. 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. The company has a market cap of C$746.30 million, a P/E ratio of 15.22, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59.

North American Construction Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Wednesday, November 27th will be paid a dividend of $0.12 per share. This is a boost from North American Construction Group’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.72%. North American Construction Group’s dividend payout ratio (DPR) is presently 21.86%.

Analyst Ratings Changes

A number of research analysts have commented on NOA shares. TD Securities lowered their price target 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. BMO Capital Markets lowered their price target on North American Construction Group from C$37.00 to C$32.00 in a research report on Thursday, August 1st. Raymond James decreased their price target on North American Construction Group from C$40.00 to C$35.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. ATB Capital dropped their target price on shares of North American Construction Group from C$40.00 to C$38.00 in a report on Friday, November 1st. Finally, National Bankshares boosted their price target on North American Construction Group from C$39.00 to C$40.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average 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.