North American Construction Group (TSE:NOA) Insider Purchases C$3,158,100.00 in Stock

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) insider North American Construction Group Ltd. purchased 165,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 8th. The shares were bought at an average cost of C$19.14 per share, for a total transaction of C$3,158,100.00. Following the completion of the acquisition, the insider directly owned 165,000 shares in the company, valued at C$3,158,100. The trade was a ∞ increase in their position.

North American Construction Group Price Performance

TSE:NOA traded up C$0.40 on Thursday, hitting C$19.53. The company had a trading volume of 128,405 shares, compared to its average volume of 103,076. The stock has a market capitalization of C$529.32 million, a price-to-earnings ratio of 17.44, a PEG ratio of 0.79 and a beta of 0.89. 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 firm has a 50 day moving average of C$19.48 and a two-hundred day moving average of C$20.10. North American Construction Group Ltd. has a 52 week low of C$16.45 and a 52 week high of C$23.49.

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

North American Construction Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 3rd. Investors of record on Friday, July 3rd were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $0.48 annualized dividend and a dividend yield of 2.5%. North American Construction Group’s dividend payout ratio (DPR) is 42.86%.

Analyst Ratings Changes

A number of brokerages have issued reports on NOA. BMO Capital Markets upped their target price on North American Construction Group from C$21.00 to C$22.00 and gave the stock a “market perform” rating in a report on Thursday, May 14th. Raymond James Financial boosted their price target on North American Construction Group from C$24.00 to C$26.00 in a report on Wednesday, April 29th. ATB Cormark Capital Markets upped their price objective on North American Construction Group from C$21.00 to C$24.00 and gave the company a “sector perform” rating in a research note on Thursday, May 14th. Finally, Canaccord Genuity Group upgraded shares of North American Construction Group from a “hold” rating to a “buy” rating and set a C$20.00 price objective for the company in a report on Friday, March 13th. One research 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.