Martin Robert Ferron Acquires 3,000 Shares of North American Construction Group Ltd. (TSE:NOA) Stock

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) Director Martin Robert Ferron bought 3,000 shares of the stock in a transaction on Tuesday, September 10th. The stock was purchased at an average cost of C$24.15 per share, with a total value of C$72,460.80.

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

• On Friday, August 9th, Martin Robert Ferron bought 7,000 shares of North American Construction Group stock. The shares were acquired at an average price of C$23.70 per share, for a total transaction of C$165,900.00.
• On Monday, June 24th, Martin Robert Ferron purchased 12,000 shares of North American Construction Group stock. The stock was acquired at an average price of C$26.45 per share, with a total value of C$317,400.00.

North American Construction Group Stock Down 0.1 %

NOA stock traded down C$0.02 during midday trading on Wednesday, reaching C$24.34. 22,695 shares of the company’s stock traded hands, compared to its average volume of 68,619. North American Construction Group Ltd. has a 52 week low of C$23.59 and a 52 week high of C$34.87. The company has a market cap of C$650.61 million, a price-to-earnings ratio of 13.31, a P/E/G ratio of 0.79 and a beta of 1.61. The firm’s fifty day moving average price is C$26.01 and its 200-day moving average price is C$28.27. 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 (TSE:NOA) (NYSE:NOA) last posted its earnings results on Wednesday, July 31st. The company reported C$0.85 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.79 by C$0.06. The company had revenue of C$276.31 million for the quarter, compared to analyst estimates of C$314.61 million. North American Construction Group had a net margin of 4.99% and a return on equity of 15.19%. As a group, sell-side analysts forecast that North American Construction Group Ltd. will post 3.9671642 earnings per share for the current fiscal year.

North American Construction Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, August 30th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Friday, August 30th. North American Construction Group’s payout ratio is currently 21.86%.

Analyst Ratings Changes

Several research analysts have commented on NOA shares. National Bankshares cut their target price on North American Construction Group from C$47.00 to C$39.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. ATB Capital cut their price objective on North American Construction Group from C$45.00 to C$40.00 in a research note on Friday, August 2nd. Ventum Financial decreased their target price on shares of 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. BMO Capital Markets dropped their price target on shares of North American Construction Group from C$37.00 to C$32.00 in a research report on Thursday, August 1st. Finally, Raymond James lowered their target price on shares of 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. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$37.00.

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.