Key Points
- Insider sale: Steven Neil Nackan sold 4,500 Aecon Group shares at C$45.55 each, generating C$204,975. Following the transaction, his direct holdings fell 35.9% to 8,035 shares.
- Stock and financial performance: Aecon shares opened at C$43.61, compared with a 50-day moving average of C$47.42 and a 200-day average of C$45.08. The company reported quarterly revenue of C$1.63 billion and EPS of C$0.33, while posting negative net margin and return on equity.
- Analyst outlook and dividend: Analysts maintain a consensus “Moderate Buy” rating with an average price target of C$55.08. Aecon also pays an annualized dividend of C$0.77 per share, yielding about 1.8%.
Aecon Group Inc. (TSE:ARE - Get Free Report) insider Steven Neil Nackan sold 4,500 shares of the business's stock in a transaction on Thursday, August 27th. The stock was sold at an average price of C$45.55, for a total transaction of C$204,975.00. Following the transaction, the insider directly owned 8,035 shares of the company's stock, valued at approximately C$365,994.25. This represents a 35.90% decrease in their position.
Steven Neil Nackan also recently made the following trade(s):
- On Monday, August 24th, Steven Neil Nackan sold 1,000 shares of Aecon Group stock. The shares were sold at an average price of C$44.16, for a total transaction of C$44,160.00.
- On Tuesday, August 18th, Steven Neil Nackan sold 1,000 shares of Aecon Group stock. The stock was sold at an average price of C$47.02, for a total value of C$47,020.00.
- On Thursday, August 6th, Steven Neil Nackan sold 1,000 shares of Aecon Group stock. The stock was sold at an average price of C$47.72, for a total value of C$47,720.00.
Aecon Group Price Performance
TSE ARE opened at C$43.61 on Friday. The stock has a 50-day simple moving average of C$47.42 and a 200 day simple moving average of C$45.08. Aecon Group Inc. has a twelve month low of C$19.81 and a twelve month high of C$57.72. The stock has a market capitalization of C$2.99 billion, a PE ratio of -45.91, a P/E/G ratio of 18.18 and a beta of 1.41. The company has a debt-to-equity ratio of 84.23, a quick ratio of 1.27 and a current ratio of 1.08.
Aecon Group (TSE:ARE - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported C$0.33 EPS for the quarter. Aecon Group had a negative return on equity of 6.76% and a negative net margin of 1.10%.The company had revenue of C$1.63 billion for the quarter. Research analysts anticipate that Aecon Group Inc. will post 1.3793321 EPS for the current year.
Aecon Group Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, July 3rd. Investors of record on Friday, July 3rd were given a dividend of $0.1925 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.77 dividend on an annualized basis and a yield of 1.8%. Aecon Group's payout ratio is -80.53%.
Wall Street Analyst Weigh In
Several research firms have issued reports on ARE. Desjardins raised their price target on shares of Aecon Group from C$55.00 to C$61.00 and gave the stock a "hold" rating in a research report on Monday, July 6th. TD reduced their target price on shares of Aecon Group from C$62.00 to C$61.00 and set a "buy" rating for the company in a research note on Friday, June 26th. National Bank Financial increased their target price on shares of Aecon Group from C$59.00 to C$65.00 and gave the company an "outperform" rating in a research note on Monday, July 13th. Canaccord Genuity Group lifted their target price on Aecon Group from C$56.00 to C$57.00 and gave the stock a "buy" rating in a research report on Monday, June 29th. Finally, Raymond James Financial upgraded Aecon Group from a "hold" rating to a "moderate buy" rating and boosted their price target for the company from C$52.00 to C$60.00 in a research note on Friday, July 3rd. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, Aecon Group currently has a consensus rating of "Moderate Buy" and a consensus price target of C$55.08.
Get Our Latest Research Report on Aecon Group
About Aecon Group
(
Get Free Report)
Aecon Group Inc is a Canada-based company that operates in two segments: Construction and Concessions. The Construction segment includes various aspects of the construction of public and private infrastructure projects, mainly in the transportation sector. Its concessions segment is engaged in the development, financing, construction, and operation of infrastructure projects. Aecon generates the majority of its revenue from the Construction segment.
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