North American Construction Group (TSE:NOA) Insider North American Construction Group Ltd. Acquires 110,000 Shares of Stock

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) insider North American Construction Group Ltd. bought 110,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The shares were acquired at an average price of C$19.01 per share, with a total value of C$2,091,100.00. Following the transaction, the insider directly owned 110,000 shares of the company’s stock, valued at C$2,091,100. This represents a ∞ increase in their position.

North American Construction Group Ltd. also recently made the following trade(s):

• On Wednesday, July 8th, North American Construction Group Ltd. bought 165,000 shares of North American Construction Group stock. The shares were acquired at an average cost of C$19.14 per share, for a total transaction of C$3,158,100.00.

North American Construction Group Stock Down 6.5%

TSE NOA opened at C$20.02 on Friday. North American Construction Group Ltd. has a 12 month low of C$16.45 and a 12 month high of C$23.49. The company has a current ratio of 1.11, a quick ratio of 0.79 and a debt-to-equity ratio of 202.48. The stock has a market cap of C$542.60 million, a PE ratio of 17.87, a P/E/G ratio of 0.79 and a beta of 0.83. The stock’s 50 day moving average is C$19.27 and its 200 day moving average is C$19.94.

North American Construction Group (TSE:NOA) (NYSE:NOA) last announced its quarterly earnings data on Wednesday, August 12th. The company reported C$0.32 earnings per share (EPS) for the quarter. The business had revenue of C$400.96 million during the quarter. North American Construction Group had a net margin of 2.63% and a return on equity of 7.69%. Research analysts predict that North American Construction Group Ltd. will post 4.0597484 EPS for the current fiscal year.

North American Construction Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 3rd. Shareholders of record on Friday, July 3rd were paid a $0.12 dividend. The ex-dividend date was Wednesday, June 3rd. This represents a $0.48 annualized dividend and a yield of 2.4%. North American Construction Group’s payout ratio is presently 42.86%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on NOA. BMO Capital Markets raised their price objective on North American Construction Group from C$21.00 to C$22.00 and gave the company a “market perform” rating in a research report on Thursday, May 14th. ATB Cormark Capital Markets boosted their target price on North American Construction Group from C$21.00 to C$24.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 14th. Finally, Raymond James Financial increased their price target on North American Construction Group from C$24.00 to C$26.00 in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, North American Construction Group currently has an average rating of “Moderate Buy” and an average target price of C$22.71.

About North American Construction Group

North American Construction Group Ltd. is a premier provider of heavy civil construction and mining services in Australia, Canada, and the U.S. For over 70 years, NACG has provided services to the mining, resource and infrastructure construction markets.