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

Shares of North American Construction Group Ltd. (TSE:NOA - Get Free Report) NYSE: NOA crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$26.59 and traded as high as C$30.63. North American Construction Group shares last traded at C$30.61, with a volume of 66,186 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on NOA shares. Canaccord Genuity Group lifted their target price on shares of North American Construction Group from C$32.00 to C$33.00 in a research report on Friday, December 6th. CIBC raised shares of North American Construction Group from a "neutral" rating to an "outperform" rating and boosted their target price for the company from C$30.00 to C$38.00 in a research note on Thursday, December 5th. ATB Capital decreased their target price on North American Construction Group from C$40.00 to C$38.00 in a research report on Friday, November 1st. Raymond James lifted their price target on North American Construction Group from C$35.00 to C$40.00 in a report on Friday, December 6th. Finally, National Bankshares increased 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 research note on Friday, November 1st. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, North American Construction Group currently has an average rating of "Buy" and an average target price of C$37.63.

North American Construction Group Stock Performance

The firm has a 50-day simple moving average of C$27.39 and a two-hundred day simple moving average of C$26.62. The company has a current ratio of 1.03, a quick ratio of 0.79 and a debt-to-equity ratio of 210.33. The company has a market capitalization of C$820.61 million, a price-to-earnings ratio of 16.78, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59.

North American Construction Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, January 3rd will be issued a $0.12 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.48 dividend on an annualized basis and a yield of 1.56%. This is an increase from North American Construction Group's previous quarterly dividend of $0.10. North American Construction Group's dividend payout ratio is currently 21.86%.

Insider Activity at North American Construction Group

In related news, Director Martin Robert Ferron acquired 2,900 shares of the stock in a transaction dated Monday, November 18th. The shares were acquired at an average price of C$27.68 per share, with a total value of C$80,272.00. 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.