Martin Robert Ferron Buys 2,900 Shares of North American Construction Group Ltd. (TSE:NOA) Stock

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) Director Martin Robert Ferron acquired 2,900 shares of North American Construction Group stock in a transaction that occurred on Monday, November 18th. The shares were purchased at an average price of C$27.68 per share, with a total value of C$80,272.00.

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

• On Tuesday, November 12th, Martin Robert Ferron purchased 6,000 shares of North American Construction Group stock. The shares were acquired at an average cost of C$27.98 per share, with a total value of C$167,884.20.
• On Tuesday, September 10th, Martin Robert Ferron acquired 3,000 shares of North American Construction Group stock. The stock was acquired at an average cost of C$24.15 per share, for a total transaction of C$72,460.80.

North American Construction Group Stock Down 0.2 %

Shares of NOA opened at C$27.47 on Wednesday. The business’s 50 day moving average is C$25.70 and its 200 day moving average is C$26.52. The company has a current ratio of 1.03, a quick ratio of 0.79 and a debt-to-equity ratio of 210.33. North American Construction Group Ltd. has a 12-month low of C$22.68 and a 12-month high of C$34.87. The company has a market capitalization of C$734.27 million, a PE ratio of 15.04, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59.

North American Construction Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, January 3rd will be given a dividend of $0.12 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.48 annualized dividend and a dividend yield of 1.75%. This is a boost from North American Construction Group’s previous quarterly dividend of $0.10. North American Construction Group’s dividend payout ratio (DPR) is presently 21.86%.

Analyst Upgrades and Downgrades

NOA has been the subject of a number of research reports. BMO Capital Markets reduced their target price on shares of North American Construction Group from C$37.00 to C$32.00 in a report on Thursday, August 1st. Raymond James lowered their target price on North American Construction Group from C$40.00 to C$35.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Ventum Financial reduced 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 report on Friday, August 2nd. Canaccord Genuity Group lifted their price objective on North American Construction Group from C$30.00 to C$32.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, TD Securities reduced their target price on shares of North American Construction Group from C$34.00 to C$33.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$36.25.

North American Construction Group Company Profile

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.