Martin Robert Ferron Purchases 6,000 Shares of North American Construction Group Ltd. (TSE:NOA) Stock

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) Director Martin Robert Ferron bought 6,000 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was purchased at an average price of C$27.98 per share, with a total value of C$167,884.20.

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

• On Tuesday, September 10th, Martin Robert Ferron acquired 3,000 shares of North American Construction Group stock. The shares were bought at an average price of C$24.15 per share, with a total value of C$72,460.80.

North American Construction Group Trading Up 0.4 %

Shares of North American Construction Group stock opened at C$28.02 on Friday. The company has a debt-to-equity ratio of 210.33, a quick ratio of 0.79 and a current ratio of 1.03. North American Construction Group Ltd. has a 52 week low of C$22.68 and a 52 week high of C$34.87. The stock has a 50 day moving average price of C$25.61 and a two-hundred day moving average price of C$26.56. The stock has a market capitalization of C$748.97 million, a PE ratio of 15.31, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59.

North American Construction Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Wednesday, November 27th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend is Wednesday, November 27th. This is a boost from North American Construction Group’s previous quarterly dividend of $0.10. North American Construction Group’s dividend payout ratio (DPR) is 21.86%.

Analysts Set New Price Targets

NOA has been the subject of a number of analyst reports. Ventum Financial lowered their price objective on North American Construction Group from C$52.00 to C$47.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. TD Securities lowered their price objective on North American Construction Group from C$34.00 to C$33.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. BMO Capital Markets lowered their price objective on North American Construction Group from C$37.00 to C$32.00 in a research report on Thursday, August 1st. Raymond James lowered their target price on 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. Finally, National Bankshares lifted their target price 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. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, North American Construction Group currently has an average rating of “Buy” and a consensus price target of C$36.25.

North American Construction Group Company Profile

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.