Martin Robert Ferron Purchases 10,000 Shares of North American Construction Group Ltd. (TSE:NOA) Stock

North American Construction Group Ltd. (TSE:NOA - Get Free Report) NYSE: NOA Director Martin Robert Ferron purchased 10,000 shares of the stock in a transaction that occurred on Thursday, April 3rd. The stock was bought at an average cost of C$22.27 per share, with a total value of C$222,700.00.

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

• On Thursday, March 27th, Martin Robert Ferron purchased 4,000 shares of North American Construction Group stock. The shares were purchased at an average price of C$23.21 per share, for a total transaction of C$92,835.60.
• On Monday, March 24th, Martin Robert Ferron acquired 4,000 shares of North American Construction Group stock. The stock was purchased at an average price of C$23.31 per share, with a total value of C$93,236.00.

North American Construction Group Stock Performance

Shares of TSE:NOA traded down C$0.67 during trading on Tuesday, hitting C$19.16. 111,861 shares of the company were exchanged, compared to its average volume of 88,095. The company has a market cap of C$512.86 million, a PE ratio of 9.01, 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$19.03 and a 52-week high of C$31.67. The company has a debt-to-equity ratio of 212.25, a current ratio of 1.13 and a quick ratio of 0.79. The stock has a 50 day moving average of C$24.60 and a 200 day moving average of C$26.71.

North American Construction Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, April 9th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend is Thursday, March 13th. North American Construction Group's payout ratio is presently 18.81%.

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Wall Street Analyst Weigh In

Several research firms have recently issued reports on NOA. Ventum Financial reduced their target price on North American Construction Group from C$45.00 to C$42.00 and set a "buy" rating for the company in a report on Friday, March 21st. BMO Capital Markets decreased their target price on North American Construction Group from C$35.00 to C$34.00 in a research report on Thursday, March 20th. Raymond James upgraded North American Construction Group from an "outperform" rating to a "strong-buy" rating and set a C$40.00 target price on the stock in a research note on Thursday, January 30th. Finally, National Bankshares decreased their price objective on shares of North American Construction Group from C$44.00 to C$41.00 and set an "outperform" rating for the company in a report on Friday, March 21st. Six analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of C$37.38.

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.