Key Points
- Director Martin Robert Ferron bought 10,000 shares of North American Construction Group at C$20.45 each, a total investment of C$204,500. After the purchase, he owned 2,285,738 shares valued at about C$46.7 million.
- The company recently reported quarterly EPS of C$0.37 on revenue of C$319.22 million, with net margin of 2.63% and return on equity of 7.69%. Analysts now expect full-year EPS of about 4.06.
- North American Construction Group pays a quarterly dividend of C$0.12, or C$0.48 annualized, for a yield of about 2.4%. Wall Street’s consensus rating is Moderate Buy, with an average price target of C$22.71.
North American Construction Group Ltd. (TSE:NOA - Get Free Report) (NYSE:NOA) Director Martin Robert Ferron purchased 10,000 shares of North American Construction Group stock in a transaction on Tuesday, May 19th. The stock was purchased at an average price of C$20.45 per share, for a total transaction of C$204,500.00. Following the completion of the transaction, the director owned 2,285,738 shares of the company's stock, valued at approximately C$46,743,342.10. This represents a 0.44% increase in their ownership of the stock.
North American Construction Group Price Performance
TSE:NOA opened at C$20.26 on Wednesday. North American Construction Group Ltd. has a 12 month low of C$16.45 and a 12 month high of C$24.90. The firm has a market cap of C$575.69 million, a PE ratio of 18.09, a price-to-earnings-growth ratio of 0.79 and a beta of 0.86. The company has a quick ratio of 0.79, a current ratio of 1.11 and a debt-to-equity ratio of 202.48. The company's 50-day moving average price is C$19.57 and its two-hundred day moving average price is C$20.21.
North American Construction Group (TSE:NOA - Get Free Report) (NYSE:NOA) last announced its earnings results on Wednesday, May 13th. The company reported C$0.37 earnings per share for the quarter. North American Construction Group had a net margin of 2.63% and a return on equity of 7.69%. The company had revenue of C$319.22 million during the quarter. On average, equities analysts anticipate that North American Construction Group Ltd. will post 4.0597484 EPS for the current fiscal year.
North American Construction Group Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Thursday, April 9th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Thursday, March 26th. North American Construction Group's dividend payout ratio (DPR) is currently 42.86%.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on NOA shares. ATB Cormark Capital Markets boosted their price objective on shares of North American Construction Group from C$21.00 to C$24.00 and gave the company a "sector perform" rating in a report on Thursday, May 14th. Roth Mkm upgraded shares of North American Construction Group to a "strong-buy" rating in a report on Thursday, February 5th. BMO Capital Markets boosted their price objective on shares of North American Construction Group from C$21.00 to C$22.00 and gave the company a "market perform" rating in a report on Thursday, May 14th. Canaccord Genuity Group upgraded shares of North American Construction Group from a "hold" rating to a "buy" rating and set a C$20.00 price objective for the company in a report on Friday, March 13th. Finally, Raymond James Financial boosted their price objective on shares of North American Construction Group from C$24.00 to C$26.00 in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, North American Construction Group currently has a consensus rating of "Moderate Buy" and an average price target of C$22.71.
Get Our Latest Analysis on North American Construction Group
About North American Construction Group
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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.
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