North American Construction Group (TSE:NOA) Hits New 1-Year Low – Should You Sell?

Shares of North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) reached a new 52-week low during trading on Thursday. The stock traded as low as C$15.40 and last traded at C$15.90, with a volume of 239,924 shares. The stock had previously closed at C$16.69.

Analysts Set New Price Targets

Separately, National Bank Financial decreased their price objective on North American Construction Group from C$30.00 to C$28.00 and set an “outperform” rating for the company in a report on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, North American Construction Group has an average rating of “Moderate Buy” and a consensus price target of C$22.71.

North American Construction Group Price Performance

The company has a debt-to-equity ratio of 246.95, a current ratio of 1.07 and a quick ratio of 0.79. The stock has a fifty day moving average of C$18.33 and a 200 day moving average of C$18.99. The stock has a market cap of C$430.62 million, a price-to-earnings ratio of 14.29, a P/E/G ratio of 0.79 and a beta of 0.83.

North American Construction Group (TSE:NOA) (NYSE:NOA) last released its quarterly earnings data on Wednesday, August 12th. The company reported C$0.32 EPS for the quarter. North American Construction Group had a net margin of 2.41% and a return on equity of 7.40%. The business had revenue of C$400.96 million for the quarter. On average, analysts expect that North American Construction Group Ltd. will post 4.06 EPS for the current fiscal year.

North American Construction Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, October 2nd were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, August 28th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.0%. North American Construction Group’s dividend payout ratio (DPR) is presently 42.86%.

Insider Buying and Selling

In other news, insider North American Construction Group Ltd. acquired 110,000 shares of the business’s stock in a transaction on Wednesday, August 12th. The stock was bought at an average price of C$19.01 per share, with a total value of C$2,091,100.00. Following the completion of the acquisition, the insider owned 110,000 shares of the company’s stock, valued at approximately C$2,091,100. This represents a ∞ increase in their ownership of the stock. Corporate insiders own 8.93% of the company’s stock.

North American Construction Group Company Profile

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.