Insider Buying: North American Construction Group Ltd. (TSE:NOA) Director Purchases 4,000 Shares of Stock

North American Construction Group Ltd. (TSE:NOA - Get Free Report) NYSE: NOA Director Martin Robert Ferron purchased 4,000 shares of the stock in a transaction dated Thursday, March 27th. The stock was purchased at an average price of C$23.21 per share, with a total value of C$92,835.60.

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

• On Monday, March 24th, Martin Robert Ferron bought 4,000 shares of North American Construction Group stock. The shares were acquired at an average cost of C$23.31 per share, for a total transaction of C$93,236.00.
• On Wednesday, January 1st, Martin Robert Ferron sold 6,209 shares of North American Construction Group stock. The shares were sold at an average price of C$31.60, for a total transaction of C$196,204.40.

North American Construction Group Stock Down 0.9 %

Shares of NOA traded down C$0.21 during midday trading on Monday, reaching C$22.69. 82,682 shares of the stock were exchanged, compared to its average volume of 85,163. The company has a market cap of C$607.34 million, a price-to-earnings ratio of 10.67, a P/E/G ratio of 0.79 and a beta of 1.59. The firm has a 50 day simple moving average of C$25.74 and a 200-day simple moving average of C$26.91. North American Construction Group Ltd. has a 12-month low of C$21.88 and a 12-month high of C$31.91. The company has a quick ratio of 0.79, a current ratio of 1.13 and a debt-to-equity ratio of 212.25.

North American Construction Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, April 9th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.48 annualized dividend and a yield of 2.12%. North American Construction Group's dividend payout ratio (DPR) is currently 18.81%.

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Analysts Set New Price Targets

A number of equities analysts have issued reports on NOA shares. CIBC raised shares of North American Construction Group from a "neutral" rating to an "outperform" rating and raised their target price for the stock from C$30.00 to C$38.00 in a report on Thursday, December 5th. Canaccord Genuity Group raised their price target on North American Construction Group from C$32.00 to C$33.00 in a report on Friday, December 6th. Raymond James upgraded North American Construction Group from an "outperform" rating to a "strong-buy" rating and set a C$40.00 price objective for the company in a research note on Thursday, January 30th. Ventum Financial cut their target price on North American Construction Group from C$45.00 to C$42.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Finally, BMO Capital Markets lowered their price target on shares of North American Construction Group from C$35.00 to C$34.00 in a research report on Thursday, March 20th. Six research 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 stock presently has an average rating of "Buy" and an average price target 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.