North American Construction Group (TSE:NOA) Sets New 52-Week Low - Here's Why

North American Construction Group Ltd. (TSE:NOA - Get Free Report) NYSE: NOA's share price reached a new 52-week low on Wednesday . The company traded as low as C$19.03 and last traded at C$19.16, with a volume of 111861 shares trading hands. The stock had previously closed at C$19.83.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NOA. 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 report on Friday, March 21st. BMO Capital Markets lowered their target price on shares of North American Construction Group from C$35.00 to C$34.00 in a research note on Thursday, March 20th. Raymond James upgraded North American Construction Group from an "outperform" rating to a "strong-buy" rating and set a C$40.00 price target for the company in a research report on Thursday, January 30th. CIBC reduced their target price on North American Construction Group from C$38.00 to C$37.00 in a research note on Thursday. Finally, 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 on the stock in a research report on Friday, March 21st. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of C$37.25.

Remove Ads

North American Construction Group Trading Up 0.7 %

The stock has a market capitalization of C$535.34 million, a PE ratio of 9.40, a PEG ratio of 0.79 and a beta of 1.59. The stock's 50 day moving average price is C$24.02 and its 200-day moving average price is C$26.56. The company has a quick ratio of 0.79, a current ratio of 1.13 and a debt-to-equity ratio of 212.25.

North American Construction Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, April 9th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend was Thursday, March 13th. North American Construction Group's dividend payout ratio (DPR) is presently 18.81%.

Insider Buying and Selling

In related news, Director Martin Robert Ferron purchased 10,000 shares of the stock in a transaction that occurred on Thursday, April 3rd. The stock was bought at an average cost of C$22.27 per share, for a total transaction of C$222,700.00. Over the last three months, insiders have bought 18,000 shares of company stock worth $408,772. Corporate insiders own 8.93% of the company's stock.

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.