Key Points
- Director bought 2,000 shares: John Joseph Pollesel purchased 2,000 shares at C$17.90 each (C$35,800), raising his holding to 3,500 shares — a 133.33% increase in ownership.
- Mixed financials and dividend: The company posted a C($0.14) EPS loss last quarter on C$305.6M revenue and carries a high debt-to-equity ratio (201.83); it announced a quarterly dividend of C$0.12 (annualized C$0.48, yield 2.6%, ex-dividend March 26).
- Analyst sentiment: Analysts show a consensus of "Moderate Buy" with an average price target of C$22.14, despite several recent rating and target adjustments.
North American Construction Group Ltd. (TSE:NOA - Get Free Report) (NYSE:NOA) Director John Joseph Pollesel purchased 2,000 shares of the firm's stock in a transaction on Monday, March 16th. The shares were acquired at an average cost of C$17.90 per share, with a total value of C$35,800.00. Following the completion of the acquisition, the director directly owned 3,500 shares in the company, valued at C$62,650. The trade was a 133.33% increase in their ownership of the stock.
North American Construction Group Trading Down 1.9%
TSE:NOA opened at C$18.14 on Tuesday. North American Construction Group Ltd. has a 1 year low of C$16.45 and a 1 year high of C$24.90. The stock has a market cap of C$501.41 million, a P/E ratio of 15.91, a P/E/G ratio of 0.79 and a beta of 0.70. The company has a debt-to-equity ratio of 201.83, a quick ratio of 0.79 and a current ratio of 0.88. The stock has a 50-day simple moving average of C$20.98 and a 200-day simple moving average of C$20.28.
North American Construction Group (TSE:NOA - Get Free Report) (NYSE:NOA) last issued its earnings results on Wednesday, March 11th. The company reported C($0.14) earnings per share for the quarter. The business had revenue of C$305.58 million for the quarter. North American Construction Group had a return on equity of 7.88% and a net margin of 2.63%. As a group, analysts anticipate that North American Construction Group Ltd. will post 4.0597484 earnings per share for the current fiscal year.
North American Construction Group Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Thursday, April 9th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, March 26th. This represents a $0.48 dividend on an annualized basis and a yield of 2.6%. North American Construction Group's dividend payout ratio (DPR) is presently 42.11%.
Analyst Ratings Changes
Several analysts have recently weighed in on NOA shares. Canadian Imperial Bank of Commerce reduced their price objective on shares of North American Construction Group from C$22.00 to C$20.00 in a research report on Tuesday, December 30th. BMO Capital Markets lowered shares of North American Construction Group from an "outperform" rating to a "market perform" rating and cut their price target for the stock from C$26.00 to C$23.00 in a research note on Thursday, March 12th. Raymond James Financial reduced their price target on shares of North American Construction Group from C$26.00 to C$24.00 and set an "outperform" rating for the company in a research report on Friday, March 13th. Canaccord Genuity Group raised shares of North American Construction Group from a "hold" rating to a "buy" rating and set a C$20.00 price target for the company in a research report on Friday, March 13th. Finally, Roth Mkm upgraded shares of North American Construction Group to a "strong-buy" rating in a research note on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$22.14.
Get Our Latest Stock Report on North American Construction Group
North American Construction Group Company Profile
(
Get Free Report)
North American Construction Group Ltd is Canada's provider of heavy civil construction and mining contractors. The company has provided services to the oil, natural gas and resource companies.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
