Martin Robert Ferron Purchases 5,000 Shares of North American Construction Group (TSE:NOA) Stock

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) Director Martin Robert Ferron acquired 5,000 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were acquired at an average price of C$18.45 per share, for a total transaction of C$92,250.00. Following the acquisition, the director directly owned 2,295,738 shares in the company, valued at C$42,356,366.10. This represents a 0.22% increase in their ownership of the stock.

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

• On Tuesday, May 19th, Martin Robert Ferron bought 10,000 shares of North American Construction Group stock. The shares were bought at an average price of C$20.45 per share, for a total transaction of C$204,500.00.

North American Construction Group Price Performance

Shares of NOA stock traded up C$0.27 on Monday, hitting C$19.19. 44,046 shares of the company’s stock were exchanged, compared to its average volume of 107,154. The stock has a market cap of C$520.11 million, a P/E ratio of 17.13, a price-to-earnings-growth ratio of 0.79 and a beta of 0.91. North American Construction Group Ltd. has a 12 month low of C$16.45 and a 12 month high of C$24.59. The company has a debt-to-equity ratio of 202.48, a current ratio of 1.11 and a quick ratio of 0.79. The company has a 50 day moving average of C$19.63 and a 200 day moving average of C$20.17.

North American Construction Group (TSE:NOA) (NYSE:NOA) last posted its earnings results on Wednesday, May 13th. The company reported C$0.37 EPS for the quarter. North American Construction Group had a return on equity of 7.69% and a net margin of 2.63%.The firm had revenue of C$319.22 million during the quarter. On average, equities research analysts predict that North American Construction Group Ltd. will post 4.0597484 EPS for the current year.

North American Construction Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 3rd. Stockholders of record on Friday, July 3rd will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $0.48 annualized dividend and a dividend yield of 2.5%. North American Construction Group’s dividend payout ratio (DPR) is presently 42.86%.

Analyst Ratings Changes

A number of analysts recently weighed in on NOA shares. BMO Capital Markets increased their price objective on North American Construction Group from C$21.00 to C$22.00 and gave the company a “market perform” rating in a report on Thursday, May 14th. Canaccord Genuity Group upgraded North American Construction Group from a “hold” rating to a “buy” rating and set a C$20.00 price objective for the company in a report on Friday, March 13th. Raymond James Financial upped their target price on North American Construction Group from C$24.00 to C$26.00 in a research report on Wednesday, April 29th. Finally, ATB Cormark Capital Markets lifted their price target on shares of North American Construction Group from C$21.00 to C$24.00 and gave the company a “sector perform” rating in a research report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$22.71.

North American Construction Group Company Profile

North American Construction Group Ltd is Canada’s provider of heavy civil construction and mining contractors. The company has provided services to the oil, natural gas and resource companies.