North American Construction Group Ltd. (TSE:NOA) Declares Quarterly Dividend of $0.12

North American Construction Group Ltd. (TSE:NOA - Get Free Report) NYSE: NOA declared a quarterly dividend on Wednesday, October 30th, Zacks reports. Shareholders of record on Wednesday, November 27th will be paid a dividend of 0.12 per share on Friday, January 3rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date is Wednesday, November 27th. This is a positive change from North American Construction Group's previous quarterly dividend of $0.10.

North American Construction Group Price Performance

Shares of North American Construction Group stock traded up C$0.19 during trading hours on Friday, reaching C$27.34. 156,511 shares of the company's stock were exchanged, compared to its average volume of 67,884. The business has a fifty day moving average of C$25.15 and a two-hundred day moving average of C$26.59. The company has a market capitalization of C$730.80 million, a P/E ratio of 15.01, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59. The company has a quick ratio of 0.79, a current ratio of 1.03 and a debt-to-equity ratio of 210.33. North American Construction Group has a 1 year low of C$22.68 and a 1 year high of C$34.87.

North American Construction Group (TSE:NOA - Get Free Report) NYSE: NOA last released its quarterly earnings data on Wednesday, July 31st. The company reported C$0.85 EPS for the quarter, beating analysts' consensus estimates of C$0.79 by C$0.06. The company had revenue of C$276.31 million during the quarter, compared to the consensus estimate of C$314.61 million. North American Construction Group had a net margin of 4.99% and a return on equity of 15.19%. As a group, research analysts predict that North American Construction Group will post 4.0597484 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NOA has been the subject of several recent research reports. BMO Capital Markets cut their price target on North American Construction Group from C$37.00 to C$32.00 in a report on Thursday, August 1st. Canaccord Genuity Group lifted their price target on North American Construction Group from C$30.00 to C$32.00 and gave the stock a "buy" rating in a report on Friday. National Bankshares upped their price objective on shares of North American Construction Group from C$39.00 to C$40.00 and gave the company an "outperform" rating in a report on Friday. ATB Capital reduced their target price on shares of North American Construction Group from C$40.00 to C$38.00 in a research note on Friday. Finally, Raymond James dropped their price target on shares of North American Construction Group from C$40.00 to C$35.00 and set an "outperform" rating for the company in a research note on Friday, August 2nd. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of C$36.25.

Insider Transactions at North American Construction Group

In related news, Director Maryse C. Saint-Laurent bought 2,000 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was purchased at an average cost of C$25.88 per share, with a total value of C$51,760.00. In other North American Construction Group news, Director Maryse C. Saint-Laurent bought 2,000 shares of the company's stock in a transaction that occurred on Thursday, September 5th. The shares were purchased at an average price of C$25.88 per share, with a total value of C$51,760.00. Also, Director Martin Robert Ferron purchased 7,000 shares of the firm's stock in a transaction on Friday, August 9th. The shares were acquired at an average cost of C$23.70 per share, with a total value of C$165,900.00. In the last three months, insiders have purchased 12,000 shares of company stock worth $290,121. 8.93% of the stock is currently owned by 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.