Martin Robert Ferron Buys 5,000 Shares of North American Construction Group (TSE:NOA) Stock

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) Director Martin Robert Ferron bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were bought at an average price of C$18.45 per share, with a total value of C$92,250.00. Following the completion of the purchase, the director owned 2,295,738 shares in the company, valued at approximately C$42,356,366.10. The trade was a 0.22% increase in their ownership of the stock.

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

• On Tuesday, May 19th, Martin Robert Ferron purchased 10,000 shares of North American Construction Group stock. The stock was bought at an average cost of C$20.45 per share, with a total value of C$204,500.00.

North American Construction Group Stock Performance

TSE:NOA opened at C$18.91 on Wednesday. The firm’s 50-day moving average is C$19.64 and its 200-day moving average is C$20.16. North American Construction Group Ltd. has a 52-week low of C$16.45 and a 52-week high of C$24.59. The company has a debt-to-equity ratio of 202.48, a quick ratio of 0.79 and a current ratio of 1.11. The company has a market cap of C$512.52 million, a price-to-earnings ratio of 16.88, a PEG ratio of 0.79 and a beta of 0.91.

North American Construction Group (TSE:NOA) (NYSE:NOA) last announced its quarterly earnings data on Wednesday, May 13th. The company reported C$0.37 EPS for the quarter. North American Construction Group had a net margin of 2.63% and a return on equity of 7.69%. The business had revenue of C$319.22 million during the quarter. Equities research analysts anticipate that North American Construction Group Ltd. will post 4.0597484 earnings per share for the current year.

North American Construction Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 3rd. Shareholders of record on Friday, July 3rd will be given a $0.12 dividend. The ex-dividend date is Wednesday, June 3rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.5%. North American Construction Group’s dividend payout ratio (DPR) is currently 42.86%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NOA. Raymond James Financial boosted their price objective on North American Construction Group from C$24.00 to C$26.00 in a research report on Wednesday, April 29th. Canaccord Genuity Group raised North American Construction Group from a “hold” rating to a “buy” rating and set a C$20.00 target price for the company in a research report on Friday, March 13th. BMO Capital Markets lifted their price target on shares of North American Construction Group from C$21.00 to C$22.00 and gave the stock a “market perform” rating in a research note on Thursday, May 14th. Finally, ATB Cormark Capital Markets boosted their price target on shares of North American Construction Group from C$21.00 to C$24.00 and gave the company a “sector perform” rating in a report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$22.71.

North American Construction Group Company Profile

North American Construction Group Ltd is Canada’s provider of heavy civil construction and mining contractors. The company has provided services to the oil, natural gas and resource companies.