North American Construction Group Ltd. (TSE:NOA) Director Purchases C$167,884.20 in Stock

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) Director Martin Robert Ferron bought 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were bought at an average cost of C$27.98 per share, for a total transaction of C$167,884.20.

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

• On Tuesday, September 10th, Martin Robert Ferron bought 3,000 shares of North American Construction Group stock. The shares were bought at an average cost of C$24.15 per share, for a total transaction of C$72,460.80.

North American Construction Group Stock Performance

Shares of NOA opened at C$28.02 on Friday. The firm has a market cap of C$748.97 million, a PE ratio of 15.31, a PEG ratio of 0.79 and a beta of 1.59. The stock’s fifty day moving average price is C$25.61 and its two-hundred day moving average price is C$26.56. The company has a debt-to-equity ratio of 210.33, a current ratio of 1.03 and a quick ratio of 0.79. North American Construction Group Ltd. has a 1 year low of C$22.68 and a 1 year high of C$34.87.

North American Construction Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Wednesday, November 27th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.71%. This is a positive change from North American Construction Group’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Wednesday, November 27th. North American Construction Group’s payout ratio is presently 21.86%.

Analyst Upgrades and Downgrades

NOA has been the topic of several research analyst reports. Canaccord Genuity Group boosted their price objective on North American Construction Group from C$30.00 to C$32.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. BMO Capital Markets cut their price objective on North American Construction Group from C$37.00 to C$32.00 in a research report on Thursday, August 1st. TD Securities cut their price objective on North American Construction Group from C$34.00 to C$33.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Ventum Financial cut their price objective on North American Construction Group from C$52.00 to C$47.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Finally, Raymond James cut their price objective 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. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target 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.