North American Construction Group Ltd. (NOA) to Issue Quarterly Dividend of $0.12 on January 3rd

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) announced a quarterly dividend on Wednesday, November 27th,Zacks Dividends reports. Shareholders of record on Friday, January 3rd will be paid a dividend of 0.12 per share on Friday, January 3rd. This represents a $0.48 annualized dividend and a yield of 1.69%. The ex-dividend date is Wednesday, November 27th. This is a boost from North American Construction Group’s previous quarterly dividend of $0.10.

North American Construction Group Price Performance

TSE NOA opened at C$28.43 on Monday. The company has a current ratio of 1.03, a quick ratio of 0.79 and a debt-to-equity ratio of 210.33. The company has a market cap of C$759.93 million, a PE ratio of 15.54, a PEG ratio of 0.79 and a beta of 1.59. North American Construction Group has a 1 year low of C$22.68 and a 1 year high of C$34.87. The stock’s 50-day moving average price is C$25.94 and its two-hundred day moving average price is C$26.47.

Insider Transactions at North American Construction Group

In other North American Construction Group news, Director Maryse C. Saint-Laurent acquired 2,000 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were acquired at an average price of C$25.88 per share, for a total transaction of C$51,760.00. Also, Director Martin Robert Ferron bought 6,000 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were acquired at an average cost of C$27.98 per share, with a total value of C$167,884.20. In the last ninety days, insiders purchased 13,900 shares of company stock worth $372,377. 8.93% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on NOA shares. ATB Capital lowered their target price on shares of North American Construction Group from C$40.00 to C$38.00 in a research note on Friday, November 1st. Raymond James reduced their price objective on shares of North American Construction Group from C$40.00 to C$35.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. National Bankshares increased their target price on shares of North American Construction Group from C$39.00 to C$40.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Canaccord Genuity Group increased their target price on North American Construction Group from C$30.00 to C$32.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, TD Securities cut 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 note on Friday, August 2nd. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, North American Construction Group currently has a consensus rating of “Buy” and a consensus price target of C$36.25.

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.