Key Points
- Director Martin Robert Ferron bought 5,000 shares of North American Construction Group at C$18.45 each, increasing his holdings to 2,295,738 shares. The purchase was valued at C$92,250 and marked a 0.22% increase in his position.
- The company recently reported quarterly earnings of C$0.37 per share on revenue of C$319.22 million, and analysts currently expect full-year EPS of about 4.06.
- North American Construction Group declared a quarterly dividend of C$0.12 per share, or C$0.48 annually, which implies a 2.5% yield and a payout ratio of 42.86%.
North American Construction Group Ltd. (TSE:NOA - Get Free Report) (NYSE:NOA) Director Martin Robert Ferron purchased 5,000 shares of the firm's stock in a transaction that occurred on Friday, June 12th. The shares were acquired at an average cost of C$18.45 per share, with a total value of C$92,250.00. Following the completion of the transaction, the director owned 2,295,738 shares in the company, valued at C$42,356,366.10. This trade represents a 0.22% increase in their position.
Martin Robert Ferron also recently made the following trade(s):
- On Tuesday, May 19th, Martin Robert Ferron purchased 10,000 shares of North American Construction Group stock. The stock was bought at an average price of C$20.45 per share, with a total value of C$204,500.00.
North American Construction Group Trading Up 1.5%
TSE:NOA opened at C$19.20 on Tuesday. The business's 50-day moving average is C$19.64 and its two-hundred day moving average is C$20.16. The firm has a market capitalization of C$520.38 million, a PE ratio of 17.14, a price-to-earnings-growth ratio of 0.79 and a beta of 0.91. North American Construction Group Ltd. has a 12 month low of C$16.45 and a 12 month high of C$24.59. The company has a debt-to-equity ratio of 202.48, a current ratio of 1.11 and a quick ratio of 0.79.
North American Construction Group (TSE:NOA - Get Free Report) (NYSE:NOA) last issued 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 return on equity of 7.69% and a net margin of 2.63%.The company had revenue of C$319.22 million during the quarter. Research analysts predict 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 declared a quarterly dividend, which will be paid on Friday, July 3rd. Shareholders of record on Friday, July 3rd will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Wednesday, June 3rd. North American Construction Group's dividend payout ratio is currently 42.86%.
Analysts Set New Price Targets
A number of research firms have recently issued reports on NOA. 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 on the stock in a research note on Friday, March 13th. Raymond James Financial upped their target price on shares of North American Construction Group from C$24.00 to C$26.00 in a research note on Wednesday, April 29th. BMO Capital Markets lifted their price target on shares of North American Construction Group from C$21.00 to C$22.00 and gave the stock a "market perform" rating in a research note on Thursday, May 14th. Finally, 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 stock a "sector perform" rating in a report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of C$22.71.
View Our Latest Stock Analysis on North American Construction Group
About North American Construction Group
(
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.
Further Reading
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].
