North American Construction Group Ltd. (TSE:NOA) Director Sells C$196,204.40 in Stock

North American Construction Group Ltd. (TSE:NOAGet Free Report) (NYSE:NOA) Director Martin Robert Ferron sold 6,209 shares of the stock in a transaction that occurred on Wednesday, January 1st. The shares were sold at an average price of C$31.60, for a total transaction of C$196,204.40.

Martin Robert Ferron also recently made the following trade(s):

  • On Monday, November 18th, Martin Robert Ferron bought 2,900 shares of North American Construction Group stock. The shares were bought at an average cost of C$27.68 per share, with a total value of C$80,272.00.
  • On Tuesday, November 12th, Martin Robert Ferron purchased 6,000 shares of North American Construction Group stock. The stock was bought at an average price of C$27.98 per share, for a total transaction of C$167,884.20.

North American Construction Group Stock Up 0.6 %

Shares of NOA opened at C$31.43 on Monday. The company has a quick ratio of 0.79, a current ratio of 1.03 and a debt-to-equity ratio of 210.33. The business has a fifty day moving average of C$28.63 and a 200 day moving average of C$26.79. The company has a market cap of C$840.12 million, a PE ratio of 17.17, a P/E/G ratio of 0.79 and a beta of 1.59. North American Construction Group Ltd. has a 52-week low of C$22.68 and a 52-week high of C$34.87.

North American Construction Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, January 3rd were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This is a boost from North American Construction Group’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.53%. North American Construction Group’s payout ratio is currently 21.86%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on NOA shares. ATB Capital cut their price objective on North American Construction Group from C$40.00 to C$38.00 in a research report on Friday, November 1st. Cibc World Mkts raised North American Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 5th. Raymond James increased their target price on North American Construction Group from C$35.00 to C$40.00 in a research report on Friday, December 6th. CIBC upgraded shares of North American Construction Group from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from C$30.00 to C$38.00 in a research report on Thursday, December 5th. Finally, Canaccord Genuity Group upped their price target on shares of North American Construction Group from C$32.00 to C$33.00 in a research note on Friday, December 6th. Eight equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$37.63.

Read Our Latest Stock Report on North American Construction Group

North American Construction Group Company Profile

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North American Construction Group Ltd. provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States. The company operates Heavy Equipment – Canada, Heavy Equipment – Australia, and Other segments.

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Insider Buying and Selling by Quarter for North American Construction Group (TSE:NOA)

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