North American Construction Group (TSE:NOA) Sets New 12-Month Low - Here's Why

Shares of North American Construction Group Ltd. (TSE:NOA - Get Free Report) NYSE: NOA reached a new 52-week low during trading on Tuesday . The stock traded as low as C$22.65 and last traded at C$22.73, with a volume of 35839 shares trading hands. The stock had previously closed at C$22.96.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NOA. Canaccord Genuity Group boosted their price target on shares of North American Construction Group from C$32.00 to C$33.00 in a report on Friday, December 6th. Cibc World Mkts upgraded shares of North American Construction Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, December 5th. Raymond James upgraded shares of North American Construction Group from an "outperform" rating to a "strong-buy" rating and set a C$40.00 price target on the stock in a research note on Thursday, January 30th. CIBC upgraded shares of North American Construction Group from a "neutral" rating to an "outperform" rating and increased their price target for the stock from C$30.00 to C$38.00 in a research note on Thursday, December 5th. Finally, National Bankshares dropped their price target on shares of North American Construction Group from C$45.00 to C$44.00 and set an "outperform" rating on the stock in a research note on Thursday, January 30th. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of C$38.13.

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North American Construction Group Stock Up 4.3 %

The company has a debt-to-equity ratio of 212.25, a quick ratio of 0.79 and a current ratio of 1.13. The stock has a market cap of C$645.35 million, a price-to-earnings ratio of 11.34, a PEG ratio of 0.79 and a beta of 1.59. The firm's 50-day simple moving average is C$27.14 and its two-hundred day simple moving average is C$27.08.

North American Construction Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, April 9th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend is Thursday, March 13th. North American Construction Group's dividend payout ratio (DPR) is presently 18.81%.

Insider Activity

In related news, 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. Insiders own 8.93% of the company's stock.

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.