Timothy John Murphy Sells 2,930 Shares of Aecon Group (TSE:ARE) Stock

Aecon Group Inc. (TSE:ARE) insider Timothy John Murphy sold 2,930 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of C$52.31, for a total value of C$153,268.30. Following the transaction, the insider directly owned 4,801 shares in the company, valued at C$251,140.31. The trade was a 37.90% decrease in their position.

Aecon Group Price Performance

ARE opened at C$49.77 on Friday. Aecon Group Inc. has a 12-month low of C$17.06 and a 12-month high of C$57.72. The company has a current ratio of 1.16, a quick ratio of 1.27 and a debt-to-equity ratio of 42.80. The business’s fifty day simple moving average is C$45.19 and its 200-day simple moving average is C$36.70. The company has a market capitalization of C$3.41 billion, a price-to-earnings ratio of 90.49, a PEG ratio of 18.18 and a beta of 1.16.

Aecon Group (TSE:ARE) last posted its quarterly earnings results on Tuesday, April 28th. The company reported C($0.21) earnings per share (EPS) for the quarter. Aecon Group had a return on equity of 3.71% and a net margin of 0.62%.The firm had revenue of C$1.26 billion for the quarter. On average, equities research analysts anticipate that Aecon Group Inc. will post 1.3793321 earnings per share for the current fiscal year.

Aecon Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Stockholders of record on Thursday, April 2nd were given a dividend of $0.1925 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.5%. Aecon Group’s dividend payout ratio is presently 138.64%.

Analyst Upgrades and Downgrades

ARE has been the topic of a number of recent research reports. Jefferies Financial Group raised their price objective on Aecon Group from C$49.00 to C$59.00 in a research report on Monday, April 27th. ATB Cormark Capital Markets raised their price objective on Aecon Group from C$42.00 to C$49.00 and gave the company a “sector perform” rating in a research report on Thursday, April 30th. Raymond James Financial increased their price target on Aecon Group from C$44.00 to C$54.00 in a research note on Wednesday, April 29th. Canadian Imperial Bank of Commerce raised their price target on Aecon Group from C$45.00 to C$48.00 in a report on Thursday, April 9th. Finally, National Bank Financial upped their price objective on shares of Aecon Group from C$48.00 to C$59.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. Four investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of C$52.29.

About Aecon Group

Aecon Group Inc is a Canada-based company that operates in two segments: Construction and Concessions. The Construction segment includes various aspects of the construction of public and private infrastructure projects, mainly in the transportation sector. Its concessions segment is engaged in the development, financing, construction, and operation of infrastructure projects. Aecon generates the majority of its revenue from the Construction segment.