Shares of North American Construction Group Ltd. (TSE:NOA - Get Free Report) NYSE: NOA reached a new 52-week low during mid-day trading on Thursday . The company traded as low as C$22.01 and last traded at C$22.07, with a volume of 113210 shares. The stock had previously closed at C$23.37.
Analyst Ratings Changes
A number of analysts recently commented on NOA shares. Ventum Financial reduced their price objective on North American Construction Group from C$45.00 to C$42.00 and set a "buy" rating for the company in a research report on Friday, March 21st. National Bankshares reduced their price target on shares of North American Construction Group from C$44.00 to C$41.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. Raymond James raised shares of North American Construction Group from an "outperform" rating to a "strong-buy" rating and set a C$40.00 price objective on the stock in a report on Thursday, January 30th. Finally, BMO Capital Markets reduced their target price on shares of North American Construction Group from C$35.00 to C$34.00 in a report on Thursday, March 20th. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of C$37.38.
Get Our Latest Stock Analysis on North American Construction Group
North American Construction Group Price Performance
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 firm's fifty day moving average is C$24.60 and its two-hundred day moving average is C$26.71. The company has a market cap of C$512.86 million, a P/E ratio of 9.01, a P/E/G ratio of 0.79 and a beta of 1.59.
North American Construction Group Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, April 9th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend is Thursday, March 13th. North American Construction Group's dividend payout ratio is currently 18.81%.
Insider Buying and Selling
In related news, Director Martin Robert Ferron purchased 10,000 shares of North American Construction Group stock in a transaction on Thursday, April 3rd. The shares were bought at an average cost of C$22.27 per share, for a total transaction of C$222,700.00. In the last three months, insiders have acquired 18,000 shares of company stock valued at $408,772. Corporate insiders own 8.93% of the company's stock.
About North American Construction Group
(
Get Free Report)
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.
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