North American Construction Group (TSE:NOA) Sets New 12-Month Low After Analyst Downgrade

North American Construction Group Ltd. (TSE:NOA - Get Free Report) NYSE: NOA reached a new 52-week low during trading on Thursday after Ventum Financial lowered their price target on the stock from C$45.00 to C$42.00. Ventum Financial currently has a buy rating on the stock. North American Construction Group traded as low as C$21.88 and last traded at C$23.96, with a volume of 49470 shares. The stock had previously closed at C$24.87.

NOA has been the topic of several other reports. Canaccord Genuity Group boosted their target price on North American Construction Group from C$32.00 to C$33.00 in a research note on Friday, December 6th. BMO Capital Markets lowered their price objective on North American Construction Group from C$35.00 to C$34.00 in a research note on Thursday. Raymond James upgraded shares of North American Construction Group from an "outperform" rating to a "strong-buy" rating and set a C$40.00 target price for the company in a research report on Thursday, January 30th. National Bankshares lowered their price target on shares of North American Construction Group from C$44.00 to C$41.00 and set an "outperform" rating on the stock in a research report on Friday. Finally, CIBC raised shares of North American Construction Group from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from C$30.00 to C$38.00 in a report on Thursday, December 5th. Six equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of C$37.38.

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Insider Buying and Selling

In other news, Director Martin Robert Ferron sold 6,209 shares of North American Construction Group stock in a transaction 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. 8.93% of the stock is currently owned by company insiders.

North American Construction Group Stock Performance

The company has a 50 day simple moving average of C$26.52 and a 200-day simple moving average of C$27.03. 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 market cap of C$628.49 million, a P/E ratio of 11.04, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59.

North American Construction Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, April 9th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Thursday, March 13th. North American Construction Group's dividend payout ratio is currently 18.81%.

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.