Martin Robert Ferron Acquires 4,000 Shares of North American Construction Group Ltd. (TSE:NOA) Stock

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) Director Martin Robert Ferron bought 4,000 shares of the business’s stock in a transaction dated Monday, March 24th. The shares were purchased at an average price of C$23.31 per share, for a total transaction of C$93,236.00.

Martin Robert Ferron also recently made the following trade(s):

• On Thursday, March 27th, Martin Robert Ferron purchased 4,000 shares of North American Construction Group stock. The stock was acquired at an average price of C$23.21 per share, with a total value of C$92,835.60.
• On Wednesday, January 1st, Martin Robert Ferron sold 6,209 shares of North American Construction Group stock. The stock was sold at an average price of C$31.60, for a total value of C$196,204.40.

North American Construction Group Stock Performance

Shares of NOA opened at C$23.02 on Friday. The company’s 50 day moving average price is C$26.02 and its 200 day moving average price is C$26.94. The company has a debt-to-equity ratio of 212.25, a quick ratio of 0.79 and a current ratio of 1.13. North American Construction Group Ltd. has a 52 week low of C$21.88 and a 52 week high of C$31.91. The company has a market capitalization of C$616.18 million, a PE ratio of 10.82, a PEG ratio of 0.79 and a beta of 1.59.

North American Construction Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, April 9th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend is Thursday, March 13th. North American Construction Group’s dividend payout ratio is 18.81%.

Analyst Ratings Changes

A number of research analysts recently weighed in on NOA shares. Cibc World Mkts raised North American Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th. CIBC raised North American Construction Group from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from C$30.00 to C$38.00 in a research report on Thursday, December 5th. BMO Capital Markets dropped their price target on shares of North American Construction Group from C$35.00 to C$34.00 in a research report on Thursday, March 20th. Ventum Financial cut their price objective on North American Construction Group from C$45.00 to C$42.00 and set a “buy” rating on the stock in a report on Friday, March 21st. Finally, Canaccord Genuity Group upped their price target on shares of North American Construction Group from C$32.00 to C$33.00 in a research report on Friday, December 6th. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$37.38.

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.