Key Points
- Insider buying: North American Construction Group purchased 110,000 shares at an average C$19.01, investing approximately C$2.09 million. This follows a separate purchase of 165,000 shares worth C$3.16 million in July.
- Quarterly performance: The company reported C$0.32 in quarterly EPS and C$400.96 million in revenue, with a 2.63% net margin and 7.69% return on equity.
- Investor outlook: Analysts maintain a “Moderate Buy” consensus with an average price target of C$22.71, while the company pays a C$0.48 annualized dividend yielding about 2.4%.
North American Construction Group Ltd. (TSE:NOA - Get Free Report) (NYSE:NOA) insider North American Construction Group Ltd. bought 110,000 shares of the business's stock in a transaction dated Wednesday, August 12th. The shares were acquired at an average cost of C$19.01 per share, for a total transaction of C$2,091,100.00. Following the purchase, the insider owned 110,000 shares of the company's stock, valued at approximately C$2,091,100. The trade was a ∞ increase in their position.
North American Construction Group Ltd. also recently made the following trade(s):
- On Wednesday, July 8th, North American Construction Group Ltd. purchased 165,000 shares of North American Construction Group stock. The shares were acquired at an average cost of C$19.14 per share, with a total value of C$3,158,100.00.
North American Construction Group Price Performance
Shares of NOA stock opened at C$20.02 on Friday. The stock has a 50 day moving average price of C$19.27 and a 200 day moving average price of C$19.94. North American Construction Group Ltd. has a 52-week low of C$16.45 and a 52-week high of C$23.49. The company has a debt-to-equity ratio of 202.48, a quick ratio of 0.79 and a current ratio of 1.11. The firm has a market capitalization of C$542.60 million, a P/E ratio of 17.87, a P/E/G ratio of 0.79 and a beta of 0.83.
North American Construction Group (TSE:NOA - Get Free Report) (NYSE:NOA) last announced its quarterly earnings data on Wednesday, August 12th. The company reported C$0.32 EPS 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$400.96 million for the quarter. As a group, sell-side analysts predict that North American Construction Group Ltd. will post 4.0597484 earnings per share for the current year.
North American Construction Group Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, July 3rd. Stockholders of record on Friday, July 3rd were issued a $0.12 dividend. The ex-dividend date was Wednesday, June 3rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.4%. North American Construction Group's dividend payout ratio is presently 42.86%.
Wall Street Analysts Forecast Growth
NOA has been the subject of a number of research analyst reports. Raymond James Financial lifted 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. ATB Cormark Capital Markets upped their target price 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 research note on Thursday, May 14th. Finally, 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 company a "market perform" rating in a research note on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of C$22.71.
Read Our Latest Stock Analysis on North American Construction Group
About North American Construction Group
(
Get Free Report)
North American Construction Group Ltd. is a premier provider of heavy civil construction and mining services in Australia, Canada, and the U.S. For over 70 years, NACG has provided services to the mining, resource and infrastructure construction markets.
Featured Articles
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].
