North American Construction Group Ltd. (TSE:NOA) Announces Dividend Increase – $0.12 Per Share

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) declared a quarterly dividend on Wednesday, November 27th,Zacks Dividends reports. Investors of record on Friday, January 3rd will be paid a dividend of 0.12 per share on Friday, January 3rd. This represents a $0.48 annualized dividend and a yield of 1.69%. The ex-dividend date is Wednesday, November 27th. This is a positive change from North American Construction Group’s previous quarterly dividend of $0.10.

North American Construction Group Stock Up 3.3 %

Shares of NOA stock opened at C$28.43 on Monday. The firm’s fifty day moving average price is C$25.94 and its two-hundred day moving average price is C$26.47. North American Construction Group has a 1 year low of C$22.68 and a 1 year high of C$34.87. The company has a current ratio of 1.03, a quick ratio of 0.79 and a debt-to-equity ratio of 210.33. The firm has a market capitalization of C$759.93 million, a P/E ratio of 15.54, a PEG ratio of 0.79 and a beta of 1.59.

Insider Activity

In related news, Director Martin Robert Ferron purchased 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were bought at an average cost of C$24.15 per share, with a total value of C$72,460.80. Also, Director Maryse C. Saint-Laurent purchased 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were bought at an average cost of C$25.88 per share, for a total transaction of C$51,760.00. In the last ninety days, insiders bought 13,900 shares of company stock worth $372,377. 8.93% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Ventum Financial decreased their price target on North American Construction Group from C$52.00 to C$47.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. National Bankshares upped their price objective on North American Construction Group from C$39.00 to C$40.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. TD Securities decreased their target price on North American Construction Group from C$34.00 to C$33.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Raymond James cut their price target on North American Construction Group from C$40.00 to C$35.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Finally, ATB Capital lowered their price target on shares of North American Construction Group from C$40.00 to C$38.00 in a research report on Friday, November 1st. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$36.25.

About North American Construction Group

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.