Insider Buying: North American Construction Group Ltd. (TSE:NOA) Director Buys 4,000 Shares of Stock

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) Director Martin Robert Ferron acquired 4,000 shares of the company’s stock in a transaction dated Thursday, March 27th. The shares were bought at an average cost of C$23.21 per share, for a total transaction of C$92,835.60.

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

• On Monday, March 24th, Martin Robert Ferron purchased 4,000 shares of North American Construction Group stock. The shares were purchased at an average price of C$23.31 per share, for a total transaction of C$93,236.00.
• 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 Down 0.5 %

Shares of NOA opened at C$22.90 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.79 and a debt-to-equity ratio of 212.25. The firm has a market cap of C$612.96 million, a P/E ratio of 10.77, a PEG ratio of 0.79 and a beta of 1.59. The stock’s 50 day moving average is C$25.88 and its two-hundred day moving average is C$26.92. North American Construction Group Ltd. has a 12 month low of C$21.88 and a 12 month high of C$31.91.

North American Construction Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, April 9th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.10%. The ex-dividend date is Thursday, March 13th. North American Construction Group’s payout ratio is 18.81%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on NOA shares. CIBC raised shares of North American Construction Group from a “neutral” rating to an “outperform” rating and raised their price target for the stock from C$30.00 to C$38.00 in a research report on Thursday, December 5th. Canaccord Genuity Group upped their price target on shares of North American Construction Group from C$32.00 to C$33.00 in a report on Friday, December 6th. National Bankshares decreased their price objective on North American Construction Group from C$44.00 to C$41.00 and set an “outperform” rating for the company in a report on Friday, March 21st. BMO Capital Markets dropped their target price on North American Construction Group from C$35.00 to C$34.00 in a report on Thursday, March 20th. Finally, Cibc World Mkts raised North American Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th. Six investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, North American Construction Group currently 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.