North American Construction Group (TSE:NOA) Stock Passes Above 200 Day Moving Average – Should You Sell?

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$26.95 and traded as high as C$30.39. North American Construction Group shares last traded at C$30.24, with a volume of 43,249 shares.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on NOA shares. Cibc World Mkts raised North American Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 5th. National Bankshares raised their price target on North American Construction Group from C$39.00 to C$40.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Canaccord Genuity Group upped their price objective on shares of North American Construction Group from C$32.00 to C$33.00 in a report on Friday, December 6th. Raymond James boosted their target price on shares of North American Construction Group from C$35.00 to C$40.00 in a research report on Friday, December 6th. Finally, CIBC raised shares of North American Construction Group from a “neutral” rating to an “outperform” rating and raised their price target for the stock from C$30.00 to C$38.00 in a report on Thursday, December 5th. Eight analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$37.63.

North American Construction Group Trading Down 1.5 %

The firm has a market cap of C$790.67 million, a PE ratio of 16.16, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59. The company has a 50-day simple moving average of C$29.33 and a 200 day simple moving average of C$27.00. The company has a current ratio of 1.03, a quick ratio of 0.79 and a debt-to-equity ratio of 210.33.

North American Construction Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, January 3rd were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This is an increase from North American Construction Group’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a yield of 1.62%. North American Construction Group’s dividend payout ratio is 21.86%.

Insider Activity at North American Construction Group

In other North American Construction Group news, Director Martin Robert Ferron purchased 2,900 shares of the stock in a transaction on Monday, November 18th. The shares were bought at an average price of C$27.68 per share, for a total transaction of C$80,272.00. 8.93% of the stock is owned by company insiders.

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.