North American Construction Group Ltd. to Issue Quarterly Dividend of $0.12 (TSE:NOA)

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) announced a quarterly dividend on Thursday, March 13th, TickerTech Dividends reports. Shareholders of record on Wednesday, April 9th will be given a dividend of 0.12 per share on Wednesday, April 9th. This represents a $0.48 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend is Thursday, March 13th.

North American Construction Group Stock Performance

Shares of North American Construction Group stock opened at C$22.96 on Tuesday. The business has a 50-day simple moving average of C$27.77 and a 200-day simple moving average of C$27.16. The company has a debt-to-equity ratio of 212.25, a quick ratio of 0.79 and a current ratio of 1.13. North American Construction Group has a one year low of C$22.68 and a one year high of C$34.87. The company has a market cap of C$614.57 million, a PE ratio of 10.79, a P/E/G ratio of 0.79 and a beta of 1.59.

Insider Buying and Selling

In other North American Construction Group news, Director Martin Robert Ferron sold 6,209 shares of North American Construction Group stock in a transaction on Wednesday, January 1st. The shares were sold at an average price of C$31.60, for a total value of C$196,204.40. 8.93% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. National Bankshares lowered their price target on shares of North American Construction Group from C$45.00 to C$44.00 and set an “outperform” rating for the company in a report on Thursday, January 30th. Raymond James upgraded shares of 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 research note on Thursday, January 30th. Canaccord Genuity Group raised their price target on North American Construction Group from C$32.00 to C$33.00 in a research note on Friday, December 6th. CIBC raised North American Construction Group from a “neutral” rating to an “outperform” rating and upped their price target for the company from C$30.00 to C$38.00 in a report on Thursday, December 5th. Finally, Cibc World Mkts raised shares of North American Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th. Six equities 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.com, the company has an average rating of “Buy” and an average price target of C$38.13.

About North American Construction Group

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.