North American Construction Group (TSE:NOA) Share Price Passes Above 200-Day Moving Average - What's Next?

North American Construction Group Ltd. (TSE:NOA - Get Free Report) NYSE: NOA's stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$26.57 and traded as high as C$29.21. North American Construction Group shares last traded at C$28.75, with a volume of 32,446 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Canaccord Genuity Group raised their price target on shares of North American Construction Group from C$30.00 to C$32.00 and gave the company a "buy" rating in a report on Friday, November 1st. National Bankshares boosted their price objective on North American Construction Group from C$39.00 to C$40.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. ATB Capital cut their price target on shares of North American Construction Group from C$40.00 to C$38.00 in a research note on Friday, November 1st. Raymond James lowered their price objective on shares of North American Construction Group from C$40.00 to C$35.00 and set an "outperform" rating on the stock in a research report on Friday, August 2nd. Finally, TD Securities reduced their target price on North American Construction Group from C$34.00 to C$33.00 and set a "buy" rating on the stock in a research note on Friday, August 2nd. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of C$36.25.

North American Construction Group Trading Down 1.2 %

The stock's 50 day moving average is C$25.50 and its 200-day moving average is C$26.57. The company has a quick ratio of 0.79, a current ratio of 1.03 and a debt-to-equity ratio of 210.33. The company has a market cap of C$768.49 million, a PE ratio of 15.71, a P/E/G ratio of 0.79 and a beta of 1.59.

North American Construction Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Wednesday, November 27th will be paid a dividend of $0.12 per share. The ex-dividend date is Wednesday, November 27th. This is a boost from North American Construction Group's previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.67%. North American Construction Group's payout ratio is currently 21.86%.

Insider Buying and Selling

In related news, Director Martin Robert Ferron bought 3,000 shares of the stock in a transaction dated Tuesday, September 10th. The stock was purchased at an average cost of C$24.15 per share, with a total value of C$72,460.80. In other North American Construction Group news, Director Maryse C. Saint-Laurent purchased 2,000 shares of North American Construction Group stock in a transaction dated Thursday, September 5th. The stock was acquired at an average price of C$25.88 per share, for a total transaction of C$51,760.00. Also, Director Martin Robert Ferron acquired 3,000 shares of the business's stock in a transaction that occurred on Tuesday, September 10th. The shares were acquired at an average cost of C$24.15 per share, for a total transaction of C$72,460.80. 8.93% of the stock is currently owned by corporate insiders.

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.