North American Construction Group Ltd. (TSE:NOA) Director Purchases C$165,900.00 in Stock

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) Director Martin Robert Ferron purchased 7,000 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were bought at an average cost of C$23.70 per share, with a total value of C$165,900.00.

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

• On Monday, June 24th, Martin Robert Ferron acquired 12,000 shares of North American Construction Group stock. The stock was acquired at an average cost of C$26.45 per share, with a total value of C$317,400.00.
• On Tuesday, May 21st, Martin Robert Ferron acquired 5,000 shares of North American Construction Group stock. The stock was acquired at an average cost of C$19.81 per share, with a total value of C$99,050.00.
• On Thursday, May 16th, Martin Robert Ferron acquired 5,000 shares of North American Construction Group stock. The stock was acquired at an average cost of C$27.68 per share, with a total value of C$138,400.00.

North American Construction Group Stock Performance

Shares of NOA traded down C$0.01 during trading hours on Tuesday, reaching C$24.61. 47,831 shares of the company traded hands, compared to its average volume of 71,589. The stock has a market capitalization of C$657.83 million, a P/E ratio of 14.05, a P/E/G ratio of 0.79 and a beta of 1.64. The company has a quick ratio of 0.79, a current ratio of 1.04 and a debt-to-equity ratio of 206.01. North American Construction Group Ltd. has a 12-month low of C$23.59 and a 12-month high of C$34.87. The business has a fifty day moving average price of C$26.74 and a 200-day moving average price of C$29.17.

North American Construction Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Friday, August 30th. North American Construction Group’s dividend payout ratio (DPR) is presently 22.60%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on NOA shares. National Bankshares reduced their price objective on shares of North American Construction Group from C$47.00 to C$39.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. TD Securities reduced their price target on North American Construction Group from C$34.00 to C$33.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. BMO Capital Markets reduced their price target on North American Construction Group from C$37.00 to C$32.00 in a research report on Thursday, August 1st. ATB Capital reduced their price target on North American Construction Group from C$45.00 to C$40.00 in a research report on Friday, August 2nd. Finally, Raymond James reduced their price target on North American Construction Group from C$40.00 to C$35.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$37.00.

About North American Construction Group

North American Construction Group Ltd. provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States. The company operates Heavy Equipment – Canada, Heavy Equipment – Australia, and Other segments.