Martin Robert Ferron Sells 6,209 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 sold 6,209 shares of North American Construction Group stock in a transaction that occurred on Wednesday, January 1st. The shares were sold at an average price of C$31.60, for a total transaction of C$196,204.40.

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

• On Monday, November 18th, Martin Robert Ferron purchased 2,900 shares of North American Construction Group stock. The stock was bought at an average price of C$27.68 per share, with a total value of C$80,272.00.
• On Tuesday, November 12th, Martin Robert Ferron acquired 6,000 shares of North American Construction Group stock. The shares were bought at an average price of C$27.98 per share, for a total transaction of C$167,884.20.

North American Construction Group Stock Performance

Shares of TSE:NOA traded up C$0.19 on Friday, hitting C$31.43. The company's stock had a trading volume of 48,925 shares, compared to its average volume of 51,761. The company has a market capitalization of C$840.12 million, a price-to-earnings ratio of 17.17, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59. The company has a debt-to-equity ratio of 210.33, a quick ratio of 0.79 and a current ratio of 1.03. North American Construction Group Ltd. has a 12 month low of C$22.68 and a 12 month high of C$34.87. The stock's 50-day moving average is C$28.63 and its two-hundred day moving average is C$26.80.

North American Construction Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, January 3rd will be issued a dividend of $0.12 per share. This is a boost from North American Construction Group's previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.48 annualized dividend and a yield of 1.53%. North American Construction Group's payout ratio is presently 21.86%.

Wall Street Analyst Weigh In

NOA has been the topic of several analyst reports. CIBC upgraded North American Construction Group from a "neutral" rating to an "outperform" rating and raised their target price for the company from C$30.00 to C$38.00 in a report on Thursday, December 5th. ATB Capital dropped their price objective on shares of North American Construction Group from C$40.00 to C$38.00 in a research note on Friday, November 1st. National Bankshares boosted their target price on shares of North American Construction Group from C$39.00 to C$40.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Raymond James raised their price target on shares of North American Construction Group from C$35.00 to C$40.00 in a report on Friday, December 6th. Finally, Canaccord Genuity Group boosted their price objective on shares of North American Construction Group from C$32.00 to C$33.00 in a report on Friday, December 6th. Eight investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of C$37.63.

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.