Key Points
- An insider bought 165,000 shares of North American Construction Group on July 8 at C$19.14 per share, totaling C$3.16 million, which significantly increased their ownership stake.
- The stock recently traded around C$19.45, near its 50-day average and below its 200-day average, with a market cap of about C$527 million.
- The company paid a quarterly dividend of C$0.12 and has a 2.5% annualized yield, while analysts currently rate the stock a Moderate Buy with an average target price of C$22.71.
North American Construction Group Ltd. (TSE:NOA - Get Free Report) (NYSE:NOA) insider North American Construction Group Ltd. acquired 165,000 shares of the business's stock in a transaction that occurred on Wednesday, July 8th. The stock was bought at an average cost of C$19.14 per share, for a total transaction of C$3,158,100.00. Following the completion of the purchase, the insider owned 165,000 shares of the company's stock, valued at C$3,158,100. This trade represents a ∞ increase in their ownership of the stock.
North American Construction Group Price Performance
Shares of TSE NOA opened at C$19.45 on Friday. North American Construction Group Ltd. has a twelve month low of C$16.45 and a twelve month high of C$23.49. The firm has a fifty day simple moving average of C$19.47 and a 200 day simple moving average of C$20.11. The company has a market capitalization of C$527.15 million, a PE ratio of 17.37, a P/E/G ratio of 0.79 and a beta of 0.89. The company has a quick ratio of 0.79, a current ratio of 1.11 and a debt-to-equity ratio of 202.48.
North American Construction Group (TSE:NOA - Get Free Report) (NYSE:NOA) last issued its quarterly earnings results on Wednesday, May 13th. The company reported C$0.37 earnings per share (EPS) for the quarter. North American Construction Group had a return on equity of 7.69% and a net margin of 2.63%.The firm had revenue of C$319.22 million for the quarter. On average, sell-side analysts forecast that North American Construction Group Ltd. will post 4.0597484 EPS for the current year.
North American Construction Group Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, July 3rd. Investors of record on Friday, July 3rd were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Wednesday, June 3rd. North American Construction Group's dividend payout ratio is currently 42.86%.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on NOA. Raymond James Financial increased their target price on shares of North American Construction Group from C$24.00 to C$26.00 in a report on Wednesday, April 29th. Canaccord Genuity Group upgraded North American Construction Group from a "hold" rating to a "buy" rating and set a C$20.00 target price on the stock in a research note on Friday, March 13th. ATB Cormark Capital Markets increased their price target on North American Construction Group from C$21.00 to C$24.00 and gave the company a "sector perform" rating in a research report on Thursday, May 14th. Finally, BMO Capital Markets lifted their price target on North American Construction Group from C$21.00 to C$22.00 and gave the stock a "market perform" rating in a report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of C$22.71.
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North American Construction Group Company Profile
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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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