Martin Robert Ferron Purchases 6,000 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 bought 6,000 shares of the firm's stock in a transaction on Tuesday, November 12th. The stock was acquired at an average cost of C$27.98 per share, with a total value 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 stock was acquired at an average cost of C$24.15 per share, with a total value of C$72,460.80.

North American Construction Group Stock Performance

Shares of TSE:NOA traded down C$0.08 during mid-day trading on Wednesday, reaching C$27.92. 39,297 shares of the company traded hands, compared to its average volume of 67,529. North American Construction Group Ltd. has a 52 week low of C$22.68 and a 52 week high of C$34.87. The company has a debt-to-equity ratio of 210.33, a current ratio of 1.03 and a quick ratio of 0.79. The firm has a market cap of C$746.30 million, a PE ratio of 15.22, a PEG ratio of 0.79 and a beta of 1.59. The company's 50 day moving average price is C$25.58 and its 200-day moving average price is C$26.57.

North American Construction Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Wednesday, November 27th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.72%. This is an increase from North American Construction Group's previous quarterly dividend of $0.10. The ex-dividend date is Wednesday, November 27th. North American Construction Group's dividend payout ratio is presently 21.86%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on NOA shares. National Bankshares boosted their price target 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. 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 research note on Friday, August 2nd. Canaccord Genuity Group boosted their price target on North American Construction Group from C$30.00 to C$32.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Ventum Financial cut 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. Finally, TD Securities cut their price target on North American Construction Group from C$34.00 to C$33.00 and set a "buy" rating for the company in a research note on Friday, August 2nd. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target 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.